FHFA bi-merge credit transition challenges are ‘enormous’
federal housing finance agency (FHFA) announced late last year that it is replacing the classic FICO credit model. fannie mae And Freddie Mac Outlined timeline for further implementation with the FICO 10T and VantageScore 4.0 credit score models. but led a coalition of 17 unions Housing Policy Council (HPC), is now seeking more time with […]
Putting PropTech to Work for Your Real Estate Business
in this article Proptech is a relative newcomer to the “tech” suffix world; You may be more familiar with the more recognizable terms MarTech and FinTech. While this terminology may be trendy and buzzworthy, what does it really mean to make it work in your real estate investing business? Efficient use of technology is required […]
AmeriFirst Financial Returns to Forward Mortgage Origination
On June 1, the Arizona-headquartered retail lender Amerifirst Financial Inc. relaunched its forward mortgage origination. The business closed in December 2022 after rising mortgage rates wreaked havoc on the housing industry. out of 400 employees scooped by american pacific mortgage (APM) At the end of last year, about 20 LOs have returned to AmeriFirst Financial. […]
real estate investing for beginners
Have you ever been fascinated with the ins and outs of real estate investing, declaring, “I can do this,” or even, “I want to do this,” but where to start? Is? If so, then you are in luck because this article on Redfin has been prepared just for you. Buying your first investment property is […]
Rating Insights launched to fight against rating bias
Valuation Insights, an assessment education company committed to eradicating bias, announced its official launch this week. The goal is to equip key stakeholders and decision makers in the housing industry with the knowledge needed to prevent bias and enhance the quality and integrity of real estate appraisals. Founded by Jillian White, an SRA-designated appraiser with […]
In acquisition mode, Planet completes $10B MSR deal
Connecticut-Based Lender and Servicer Planet Home Lending announced a deal on Thursday that bolsters its servicing portfolio, which the company claims is already above the $90 billion mark. Planet makes bulk acquisition of $10 billion Mortgage Servicing Rights (MSR) ginnie mae loan from Village Capital & Investment LLC, and anticipates that it will continue to […]
The Loan Store Launches Faster Funding HELOCs in Multiple States
wholesale mortgage lender loan reserves (TLS) on Thursday announced the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, DC. The Loan Store’s HELOC product is a standalone, fixed-rate line of credit that allows borrowers to tap into the equity of their homes with […]
