Lending

Lending
News and information related to retail lending, wholesale and correspondent, and mortgage origination. General economic trends get worked in here, too; GDP, jobs, apps, rates.

ARTICLES

  • Here are the 2020 presidential candidates' plans for affordable housing

    This list will be updated as more policies are addressed
    As the 2020 presidential election heats up, the numerous candidates are tackling the issues at hand, and while it may seem like affordable housing and housing in general have been on the back burner for most candidates so far, that doesn't mean that they've all been silent about housing to this point. Here are the proposed affordable housing fixes from each candidate so far.
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  • Here are the nation’s top real estate markets for 2020

    Urban Land Institute's Emerging Trends in Real Estate report puts Austin, Texas, at No. 1
    The Urban Land Institute’s Emerging Trends in Real Estate report, an annual look at the year ahead, cited Austin, Texas, as the top U.S. real estate market for 2020. There was one northeast city in the top 10, one in the Pacific Northwest, and one in southern California.
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  • DocMagic gets lenders started with eClosing

    Brian Pannell on the keys to successful digital implementation
    Enabling eClosing is complex, and it takes the right partners — both up-front and downstream — if you’re going to do it right. We sat down with Brian Pannell, senior implementation executive at DocMagic, to find out how lenders are navigating these complexities and how DocMagic can help.
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  • Freddie Mac: Mortgage rates experience the highest weekly uptick since last October

    This week, the 30-year fixed-rate mortgage averaged 3.73%
    This week, the average U.S. fixed rate for a 30-year mortgage rose to 3.73%. That's 17 basis points above last week’s 3.56% but still nearly a percentage point lower than it was at this time last year. Freddie Mac Chief Economist Sam Khater said despite the rise in mortgage rates, economic data improved this week – particularly housing activity, which gained momentum with a noticeable rise in purchase demand and new construction.
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  • Federal Reserve cuts rate by 0.25%, defying Trump's demand for "Big Interest Rate Drop"

    Central bankers keep their powder dry-ish amid "global developments"
    The Federal Reserve cut its benchmark rate by a quarter percentage in a bid to keep trade wars and the threat of a global recession – what it delicately called “global developments” – from tanking America’s decade-long expansion. President Donald Trump reacted to the decision by tweeting: “Jay Powell and the Federal Reserve Fail Again. No `guts,’ no sense, no vision!”
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  • CFPB: Public consumer complaint database is here to stay

    But made enhancements to data available
    The Consumer Financial Protection Bureau announced Wednesday the controversial public Consumer Complaint Database is here to stay. The CFPB announced that it will continue the publication of consumer complaints, data fields and narrative descriptions through the bureau’s Consumer Complaint Database. But, it will be making several changes to the database.
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Paulina Gonzalez

Paulina Gonzalez

Paulina Gonzalez is the executive director of the California Reinvestment Coalition, which advocates for the right of low-income communities and communities of color to have fair and equal access to banking and other financial services. CRC has a membership of over 300 nonprofit organizations and public agencies across the State. Follow her on Twitter @calreinvest
Joe Markham

Joe Markham

Joe Markham is the founder and CEO of Block66, a blockchain-powered platform that increases transparency, streamlines capital deployment and overcomes geographical lending restrictions in the mortgage industry
Travis Kniffen

Travis Kniffen

Travis Kniffen is the director of business development, partnerships at Roostify.