Mortgage applications

Virus scare creates perfect storm for mortgage lenders

03/19/20

Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — and banks are short on people to handle it all.

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Refinance mortgage applications reach highest level since 2013

02/12/20

Refinance application activity last week was the highest in nearly seven years, with more than triple the volume from one year ago, according to the Mortgage Bankers Association.

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Mike Cagney's new firm says it's giving banks 'a compelling reason' to use blockchain

12/13/19

The SoFi co-founder said Figure Technologies is working with national banks to employ its distributed ledger tech for loan originations.

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Two fintechs broaden banking ambitions

12/03/19

Wealthfront will add third-party mortgages to its investing platform, while Varo Money says robo advice and mortgages are in its long-term plans.

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Bankers welcome rush of refis, but it's no cure-all

08/15/19

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.

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The key to rightsizing regulation

06/20/19

Regulators could collaborate on a superagency to streamline laws.

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CFPB fines Freedom Mortgage $1.75M for HMDA violations

06/05/19

The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.

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CFPB turns its reg relief focus to HMDA

05/02/19

The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.

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Can blockchain cut down closing costs?

04/26/19

Provenance Blockchain, recently spun off from Mike Cagney's Figure Technologies, says it can help lenders trim 70% of mortgage settlement expenses through speedier processing and paperwork reduction.

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Michigan bank expands mortgage operations with asset purchase

03/23/19

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.

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