Tag Archives: mortgage

Regulators are tracking complaints about ‘deficient’ financial chatbots

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The Consumer Financial Protection Bureau warns of reputational and legal risks of relying on “deficient chatbots” as the primary mode of interacting with customers. Continue reading →

LoanDepot hires new CFO and parts ways with 4 top managers

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CEO Frank Martell recruits former CoreLogic colleague David Hayes as losses pile up and mortgage originations hit another new low. Continue reading →

WATCH: The right lender can make buyer love letters obsolete

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Not crazy about buyer love letters? Mortgage expert Rick Guerrero says that a great lender can reach out to the listing agent on a buyer’s behalf to offer information and reassurance. Continue reading →

Quality control standards for AVMs may cover discrimination

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Proposed standards would include random sample testing and reviews to ensure a “high level of confidence” in the estimates produced by AVMs. Continue reading →

Mortgage rates ease on debt deal, but jobs report fuels inflation fears

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Friday’s strong jobs report renews worries that the Federal Reserve is not done hiking rates to combat inflation as policymakers face June 14 decision to “hike, skip or pause.” Continue reading →

Unconventional mortgage loans: Help for 1099 clients and investors

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For agents, sharing these programs with those who would not normally qualify for a traditional conventional loan can be a huge lead generator for their business for many years to come.  Continue reading →

Co-founder of UK’s LendInvest launches new US venture

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Christian Faes’ Los Angeles-based Faes & Co. will back tech-enabled direct lenders that cater to U.S. residential real estate investors including F2 Finance. Continue reading →

‘Big Short’ investor warns of growing threat to home values

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In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. An investor who correctly predicted the 2008 f… Continue reading →

‘Inflation is still running too high’: Homebuyers stunned by rate surge

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Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading →