In digital era, consumers want financing first

“Most buyers are seeking financing first as kind of the genesis of their home buying process,” mello Home CEO Chris Heller said Monday at Hacker Connect.

Borrowers are turning to digital lenders — and abandoning banks

Americans are increasingly forgoing traditional banks when taking out home loans, pushing mortgage revenue down for big name lenders but offering a boon to unconventional, tech-enabled companies.

Shutdown prompts Fannie Mae to tweak lender requirements

As the government shutdown drags on with no end in sight, Fannie Mae is tweaking its lending requirements to accommodate people who aren’t currently getting paychecks and whose bosses aren’t around to confirm their employment.

Is BNTouch the CRM agent-mortgage teams need?

This software platform for mortgage brokers to find, nurture and close loans can benefit real estate agents too.

Is BNTouch the CRM agent-mortgage teams need?

This software platform for mortgage brokers to find, nurture and close loans can benefit real estate agents too.

Mortgage Bankers Association appealed directly to Treasury for relief during shutdown: Report

After lobbying from the mortgage industry, the IRS is once again verifying the incomes of mortgage applicants despite a government shutdown and some questions about the fairness of reopening just one part of the agency.

Can this app reduce escrow to 10 days for homebuyers?

LoanSnap is an app for iPhone and Android that can streamline mortgage applications and approvals.

Blockchain Lending: Reduced Fraud or Increased Risk?

Traditional lenders are transforming, adopting cutting-edge technology to stand apart from competitors and introduce an added level of security to financing. From AI-run algorithms to smart contracts, obtaining a mortgage could soon be a vastly different process than buyers experienced just 10 years ago. Industry disruptors, however, are looking to shift from the traditional model […]

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CFPB addresses ‘black hole’ in mortgage disclosure rule

The Consumer Finance Protection Bureau (CFPB) last week finalized changes to address so-called “black holes” in the “Know Before You Owe” mortgage disclosure rule. The “black holes” created ambiguity about when lenders had to tell potential borrowers about closing costs. 

Loan originations down, down payments up in fourth quarter

Of the eight cities that tallied increased loan origination activity, Lexington, Kentucky, saw a 40-percent uptick, Raleigh, North Carolina, recorded a 37-percent rise and Huntington, West Virginia, rose 27 percent, according to the ATTOM Data Solution…