CFPB Revises ECOA, Strengthens SPCPs and Addresses Disparate Impact Issues
The CFPB's upcoming rule seeks to remove disparate-impact liability under the Equal Credit Opportunity Act, impacting Special Purpose Credit Programs for lenders.
Presidio Investors Acquires Stake in Edge Home Finance
Presidio Investors acquires a strategic stake in Edge Home Finance, a Minnesota-based mortgage brokerage, enhancing their mortgage service offerings.
Homebuyers face stress from tight budgets and concerns over fraud.
Seventy-seven percent of homebuyers exceeded their budget, with 10% surpassing it by $80,000 or more, highlighting the need for flexible financing solutions.
Essential Business Questions to Address Before Starting Specifications
Explore the complexities of finding the right balance between specifications and pre-sales in construction finance, addressing key considerations for private lenders.
IBHS Enhances Wildfire Resilience Initiative Amid Increasing Fire Risks
As wildfire risks intensify in hurricane-prone areas, communities and insurers must adapt their fire risk assessments and strategies to emerging threats.
Homeowners express desire for greater down payment knowledge, survey reveals.
A recent survey reveals that most homeowners opt for a down payment of 10% or less, despite a prevalent belief that 20% is necessary for mortgage approval.
PennyMac Introduces ‘Welcome Home’ Mortgage Program for Team USA Athletes
PennyMac introduces the “Welcome Home” mortgage program, offering Team USA athletes tailored lending support and comprehensive homeownership education resources.
Debunking Common Myths Loan Originators Hold About Reverse Mortgages
Explore how originators can tap into $14T in housing wealth, debunking common reverse mortgage myths to create a more stable lending pipeline.
California’s Proposed Tax on Retirement Accounts Faces Expert Opposition
Explore the Retirement and Personal Savings Protection Act, a key initiative in the ongoing billionaire's tax debate, affecting private lenders and investment strategies.
March Home Sales Increase Nearly 32% Compared to February
Home sales show notable growth, with median prices rising to $440,000, reflecting increased buyer activity and potential opportunities for private lenders.