CFPB and DOJ Revoke 2023 Advisory on Immigration Status in Credit Decisions
New guidance from the CFPB and DOJ clarifies ECOA application and immigration status in credit policies, reducing compliance concerns for mortgage lenders.
The effect of declining mortgage rates on housing inventory levels.
U.S. housing inventory growth slows to 9.99% year-over-year amidst rising mortgage rates near 6%, with significant price reductions of 34.7%.
Protect Your Portfolio: 7 Comping Red Flags Private Lenders Must Know
7 Critical Comping Red Flags Private Mortgage Lenders Cannot Ignore Private mortgage lending offers significant opportunities, but it also comes with unique challenges, especially when it comes to accurately valuing the underlying collateral. For private lenders, brokers, and investors, "comping properties like a pro" [...]
Real estate experts discuss the implications of a potential investor ban.
Debate arises on Wall Street-backed landlords' impact on housing prices, questioning if restricting their influence can effectively reduce costs for renters.
7 Critical Comping Red Flags for Private Mortgage Lenders
7 Critical Comping Red Flags Private Mortgage Lenders Cannot Ignore In the dynamic world of private mortgage lending, the old adage "know what you own" couldn't be more relevant. For private lenders, brokers, and investors, property valuation — or "comping" — isn't just a [...]
AIME-Sweeney Lawsuit Transferred to Court in Michigan
Court affirms Michigan as the proper venue for case involving United Wholesale Mortgage and Sarah DeCiantis, citing residency as the basis for jurisdiction.
Jorgenson Group establishes independent brokerage following 16 years at Keller Williams.
Kasey Jorgenson discusses the journey of becoming an independent broker, covering key strategies for navigating the transition and establishing a successful practice.
New York Initiative Facilitates Mortgage Qualification for Gig Workers
New York City Housing Partnership's program aims to assist around 1,000 workers annually, potentially enhancing workforce housing stability and access.
MeridianLink and Optimal Blue Announce Integration Agreement
MeridianLink's loan origination system integrates with Optimal Blue, offering mortgage users real-time product, pricing, and eligibility insights to enhance decision-making.
Private Lenders: Don’t Miss These 7 Critical Comping Red Flags
7 Critical Comping Red Flags Private Mortgage Lenders Cannot Ignore In the dynamic world of private mortgage lending, precision isn't just a virtue – it's a necessity. For lenders, brokers, and investors, accurately determining a property's value through comparative market analysis (CMA), or "comping," [...]