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

  • First-time homebuyers dominate mortgage market

    Continue to outnumber repeat buyers
    First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market. This is nothing new, as first-time homebuyers have dominated the mortgage market for the past 10 years, but the latest data from the Urban Institute shows that gap actually continues to grow.
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  • WSJ: Top risk exec to leave Wells Fargo

    Mark D’Arcy’s last day is Aug. 21
    According to reporting from the Wall Street Journal, Wells Fargo’s Chief Operational Risk Officer Mark D'Arcy is leaving Wells to “pursue opportunities outside of the company.” He will be succeeded by Mark Weintraub, the bank’s head of audit for consumer banking.
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  • Angel Oak continues growth by expanding Angel Oak Home Loans into Louisiana

    Lender that offers non-QM options opens two new branches in Louisiana
    Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, has grown its business significantly over the last few months. And now, the company is about to grow again.
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  • Americans now have more debt than ever before

    Mortgage debt hits highest level in 9 years
    Thanks to increases in mortgage debt, auto loan debt, and credit card debt, Americans now have more debt than they ever have before. In fact, mortgage debt now rests at $9 trillion. It’s the first time that mortgage debt has reached the $9 trillion threshold since the second quarter of 2009.
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  • Cory Treffiletti, CMO of Voicera, to speak at engage.marketing

    Marketing expert will talk about the Next Big Thing: voice, virtual reality and augmented reality
    I love shiny new technology — we all do! But beyond the cool factor, evaluating which new technology your company needs to embrace for marketing can feel like reading tea leaves. That’s why I’m so excited about the panel on The Next Big Thing at our engage.marketing event. We’ve invited Cory Treffiletti, the chief marketing officer of Voicera, to give us the inside scoop on virtual reality, augmented reality and voice, among other promising new technologies.
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  • LIBOR pushes ARM rates higher, borrowers brace for impact

    Majority of increase yet to be felt
    As home prices rise and interest rates increase, potential home buyers are not the only ones affected by the affordability changes. Homeowners who previously bought their home using an adjustable-rate mortgage are now seeing an increase in their monthly mortgage and interest payments, with more increases yet to come.
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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