LendingLife

ARTICLES

  • Digital mortgage company Better.com expands to five new states

    Now originating in 36 states
    Better.com, the digital mortgage company formerly known as Better Mortgage, is on the move again, as the company announced Thursday that it is expanding into five new states. The company added 13 states to its footprint in 2018, and already added four new states earlier this year.
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  • Fresh off expanding into mortgages, Reali raises millions to continue growing

    Real estate startup recently acquired online mortgage lender Lenda
    Just a few weeks ago, Reali, a flat-fee real estate startup that operates in California, expanded into mortgage lending when it bought Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states. And it appears the company has no plans of slowing down, as this week, Reali announced that it raised $9 million to continue expanding.
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  • Bank 34 abandoning mortgage lending

    Plans to shutter nine loan productions offices
    It’s getting harder and harder for smaller lenders to make money in the mortgage business. And those tough economic conditions are driving lenders out of the mortgage business altogether. Earlier this week, it was Live Well Financial that announced it was terminating its mortgage origination business. Now, for the second time in less than a week, another lender is abandoning their mortgage business as well.
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  • Senate to consider expanding fair housing protections for LGBTQ people

    Bill would add gender identity and sexual orientation to protected classes
    A study released last month showed that same-sex couples are more likely to be denied a mortgage and pay more for one (should they be approved) than heterosexual couples. Now, a new bill in Congress is seeking to address those disparities by adding more fair housing protections for LGBTQ people.
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  • Republicans move to abolish CFPB

    Ted Cruz reintroduces bill to eliminate “farce” agency
    If a handful of Republicans in the Senate have their way, the Consumer Financial Protection Bureau will not exist for much longer. For the third time in the last few years, Republicans are trying to kill the CFPB.
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  • Cherry Creek Mortgage expands to two new states

    Opens new locations in Wyoming and Montana
    Cherry Creek Mortgage, one of Colorado's largest mortgage lenders, is expanding into a pair of new states. The lender announced this week that is now lending in Wyoming and Montana after opening offices in each of those states.
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  • CFPB proposes new HMDA rules

    New rules would increase reporting threshold for mortgages
    Last year, the Consumer Financial Protection Bureau relaxed some of the requirements for the data collection and reporting stipulated by the Home Mortgage Disclosure Act. Now, the CFPB is proposing to ease the HMDA reporting requirements even more. Click the headline for the full story.
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  • loanDepot parts ways with top mortgage loan officer

    Lender confirms end of relationship with Brian Decker
    It’s been a rough April for top mortgage loan officer Brian Decker. On April 10, LendingLife reported that Decker voluntarily surrendered his California MLO license. Now, loanDepot confirms: "Brian Decker no longer represents loanDepot as of April 16, 2019."
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