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Racial Disparities in Mortgage Lending Persist at Fintechs

November 20, 2020
Brandon Ivey
Moving the origination process online has done little to reduce the racial disparities in mortgage lending, according to a new analysis of HMDA data.
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Credit Model Reform Needed to Solve Housing Discrimination

November 20, 2020
Yemeng Yang
Incorporating alternative data into the underwriting model with rigorous front-end control may help eliminate racial inequality in housing, according to industry analysts.
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Homebuyers Are Making Faster Decisions During Pandemic

November 20, 2020
Maria Volkova
Pre-pandemic, consumers would start shopping 180 days before closing on a mortgage. The window has now shrunk to 100 days.
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Lenders Report Minimal Issues as Employees Work from Home

November 6, 2020
Brandon Ivey
Working from home is going pretty well for lenders, with some reporting increased productivity and only one out of 33 surveyed noting a reduction in profits.
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Proxy Battle for CoreLogic Intensifies

November 5, 2020
Namrata Bhatia
CoreLogic’s largest shareholders have raised doubts over the data vendor’s commitment to carrying out a full and fair sales process. The company is in talks with potential buyers at a value of at least $80 a share.
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Uniformity and Collaboration Key to RON’s Success

October 23, 2020
Yemeng Yang
The coronavirus pandemic has sped the adoption of remote online notarizations, but uniformity and collaboration are critical for sustainability.
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TRID Too Costly? Try the Sandbox Program, Says CFPB

October 9, 2020
Yemeng Yang
The Independent Community Bankers of America said it plans to collaborate with the CFPB to test certain community bank-inspired improvements to the TRID rule through the trial disclosure “sandbox” program.
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Flagstar Teams Up with Startups for Mortgage Tech

September 25, 2020
Flagstar is offering mentorship and other forms of support to startup companies toiling in the mortgage technology space. Three tech companies completed a similar program with the bank last year.
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Pandemic Boosts Digital Appraisals but Risks Remain

September 25, 2020
Yemeng Yang
Even though Fannie Mae and Freddie Mac have loosened standards for property appraisals, lenders are choosing the option of using appraisal waiver programs.
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RE/MAX and Motto Mortgage Acquire Loan Processing Firm

September 11, 2020
Brandon Ivey
RE/MAX Holdings and Motto Mortgage acquired wemlo, a provider of third-party mortgage loan processing services.
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