According to National Mortgage News nine lenders including loanDepot were warned last year that they could be removed from the...
Quicken Loans is experiencing growth due to the extraordinarily low-interest rate environment that Covid-19 has brought on the US financial...
Lennar Corp. is the largest homebuilder in the United States; they will leverage technology built by Blend to allow their customers to apply for mortgages online and through mobile devices; this will cut down significantly on the time to apply for a mortgage and Lennar hopes it will also help attract millennial buyers. Source
According to researchers from the Federal Reserve and University of California, non-bank mortgage lenders are not prepared to weather a financial downturn and are a risk to taxpayers; According to the paper, “Non-bank failures could be quite costly to the government, but this issue has received very little attention in the housing-reform debate. The funding and operational structure of the non-bank mortgage sector remains a significant channel for systemic liquidity risk.”; non-bank lenders originated half of home loans in 2016. Source
The CEO and co-founder of Divvy Homes talks homeownership, why the existing mortgage model is broken, and how they are creating a completely new path for first-time homeowners.
Lenders and credit reporting firms are still working through how to handle the current state of the US consumer; lenders...
This week, Isabelle sat down with Josip Rupena, founder and CEO of Milo, to talk about the issues facing the mortgage sector.
Better have launched the Equity Unlocker, allowing employees to use vested equity as collateral for mortgages.
Blend is on a mission to expand into more banks and credit unions with their new digital account opening product;...
While many are concerned about the future of crypto, Milo has launched a new crypto loan after seeing sustained interest.