Tag Archives: Banking & Lending

iBuyers are fueling Wall Street’s rental takeover

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Homebuying startups that offer quick sales to antsy sellers are fueling the steady incursion of mammoth investors into the single-family rental market. Continue reading →

Fed probing into cash deals over $300K to prevent fraud

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FinCEN now requires title insurance companies to identify the persons behind shell companies used in all-cash purchases of residential real estate. The purchase amount threshold, which previously varied by city, is now set at $300,000 for each covered … Continue reading →

Online mortgage lenders aren’t ending discrimination: Study

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Despite the latest technology disrupting real estate, people of color and minorities still face discrimination when it comes to home buying. Continue reading →

What’s the No. 1 thing today’s borrowers want? Faster response times

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The latest J.D. Power study of borrower satisfaction revealed that loan officer response times are what make or break the experience, and this has pushed many consumers to go digital. Continue reading →

Wells Fargo foreclosed on 500 people due to ‘calculation error’

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Hundreds of people were foreclosed on and lost their homes thanks to an internal calculation error on the part of Wells Fargo, the bank confirmed Tuesday. Continue reading →

What lenders are doing to fend off disruption

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It’s no surprise that real estate professionals are worried that so-called disruptors, like Zillow and Opendoor, will eventually eat their lunches. But has anyone considered that lenders are just as worried about the same thing? Continue reading →

Ribbon now backs home sales with cash at no cost to buyers

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Ribbon, which describes itself as a credit card-like tool for making cash offers on houses, announced it will offer its services free to homebuyers. Continue reading →