Finance of America Expands Its Lead as the Top HECM Lender
Finance of America led the Home Equity Conversion Mortgage sector in June, with a slight rise in retail endorsements, yet still behind last year's performance.
GSEs publish historical FICO 10T data and broaden VantageScore 4.0 scope.
Fannie Mae and Freddie Mac have published historical credit score data for FICO Score 10T and updated metrics for VantageScore 4.0, enhancing lending insights.
Essential Consumer Rights for Private Lenders Under CCPA Compliance
Stay informed on the evolving CCPA compliance landscape as private lenders navigate new privacy regulations and enhance data protection practices.
Understanding CCPA Compliance: Key Consumer Rights for Private Lenders
Understanding CCPA compliance is crucial for private lenders as California privacy laws evolve, impacting how personal and sensitive information is handled.
Lawsuits Allege Hometap Breached TILA in Home Equity Investment Agreements
Hometap faces lawsuits claiming its home equity investment contracts were misclassified to bypass federal and state mortgage regulations, raising legal concerns.
Increase in mortgage applications driven by rising purchase demand
Mortgage applications saw a slight uptick of 0.04% last week, driven by a rise in purchase demand while refinance activity diminished, according to MBA data.
Reverse Market Insight Enhances Loan Qualification Tool with Smartfi Products
RMI's expanded Reverse Qualifier models Smartfi Choice proprietary reverse loans, offering detailed tracking for proceeds, costs, and comparisons with HECMs.
Seniors own a record portion of housing wealth, yet the mortgage system falters.
Homeowners aged 62+ command $14.66 trillion in equity, outpacing those 40-54. The need for standardized income verification in underwriting is highlighted.
The Key Advancement in the ROAD Housing Bill: Supply, Not the Investor Ban.
The ROAD to Housing Act enhances access to factory-built housing and initiates an FHA pilot for affordable mortgages, addressing low-cost market needs.
Partnership Aims to Provide 4,000 Affordable Housing Units in Los Angeles
A new partnership aims to convert the former LA World Trade Center into "Sky Castle," delivering 4,000 affordable housing units across Los Angeles.