Most Recent Industry News News

OCC rolls back disparate impact oversight

OCC rolls back disparate impact oversight

The Office of the Comptroller of the Currency is rolling back disparate impact supervision for banks, it announced Monday. As...

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Panorama Mortgage adds new TPO brand Travisa Financial

Panorama Mortgage adds new TPO brand Travisa Financial

Panorama Mortgage Group, parent company of several lenders focused on affordable homeownership, announced the launch of a new mission-driven wholesale...

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Redfin investor seeks $450k for “intense” effort, legal fees

Redfin investor seeks $450k for “intense” effort, legal fees

The Redfin investor who sued the real estate brokerage and Rocket Companies for allegedly failing to disclose key information about...

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Mortgage lender Rate turns focus to nontraditional income

Mortgage lender Rate turns focus to nontraditional income

National lender Rate Cos. unveiled a new product strategy this week aimed to serve entrepreneurs and other self-employed individuals with...

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Angel Oak eyes non-QM growth if Trump GSE plan advances

Angel Oak eyes non-QM growth if Trump GSE plan advances

President Trump’s proposal to privatize the government-sponsored enterprises will present promising opportunities for non-QM growth if it materializes, leaders in...

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UWM bolsters business via debt offering, products

UWM bolsters business via debt offering, products

United Wholesale Mortgage has recently taken steps to bolster its financial position. The mega lender announced plans to raise capital...

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Fed study shows how much discount points are driving up costs

Fed study shows how much discount points are driving up costs

Discount points have driven mortgage borrowers’ out-of-pocket costs up 33% in the past few years, a Federal Reserve study finds. ...

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Loandepot returns to profit in Q3, unveils new strategic plan

Loandepot returns to profit in Q3, unveils new strategic plan

Loandepot saw its financial wherewithal bounce back into the black in the third quarter, after reporting losses since the beginning...

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FICO predicted to hike costs for mortgage credit scores by up to 50%

FICO predicted to hike costs for mortgage credit scores by up to 50%

Fair Isaac Corp. (FICO) will once again raise the cost of credit scores, several investment firm reports predict. Recent notes...

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New York Community to rebrand corporate identity

New York Community to rebrand corporate identity

A year of upheaval for New York Community Bank is culminating with a corporate name change, as it fully takes...

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