Are we seeing a cash-out refinance crisis?

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. Cash-out loans have been growing over the past few years and it is also true

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CFPB reverses course on UDAAP enforcement

Under former Director Richard Cordray, the Consumer Financial Protection Bureau took frequent action against companies who had violated its Unfair, Deceptive, and Abusive Acts and Practices standards. But many in the financial services industry complained that the standards were ambiguous and requested clarification from the bureau. In January of 2020,

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Real Estate Exchange files antitrust suit against Zillow, NAR

Real Estate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow, accusing the company of anticompetitive behavior related to showing certain homes on its platform. Trulia and the National Association of Realtors are also named in the suit. REX, an Austin-based real estate startup, said Zillow’s new

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How modernized servicing creates customers for life

The modernization of mortgage originations in recent years has made customers expect a smart, push-button experience. Now it’s finally time to deliver this experience in servicing, and the timing has never been more urgent.  The CARES Act policy response to pandemic lockdowns a year ago allowed 12 months of forbearances

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How to chip away debt and become a first-time homebuyer

Millennials are a significant part of the housing market boom as first-time homebuyers. Reports show 63% of millennial home shoppers plan to purchase a home because of their new remote work status. If you’re interested in becoming a first-time homebuyer, there are some things you need to know. As you

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The immeasurable impact of women’s mentorship

Ask a roomful of accomplished business leaders the secrets to their success, and faces will light up as they tell you about the mentors who gave them confidence, the role models who showed them how it was done, the sponsors who opened doors and the coaches who helped keep their

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Finance of America unveils hybrid reverse mortgage product

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage. The new product,

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HomeSmart snares prominent Atlanta brokerage

Growing real estate brokerage firm HomeSmart announced Wednesday that it bought PalmerHouse Properties, an Atlanta-headquartered brokerage that has about 2,000 agents. Reached Thursday, HomeSmart President Ashley Bowers declined to say what the company paid for PalmerHouse. PalmerHouse racked up $3.1 billion in 2020 sales volume from 9,904 transaction sides, and

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What is the end goal of tech disruption?

Innovators have made self-driving cars a reality, and yet finding a tech solution that prioritizes anyone beyond the perfect borrower is hard to find? This striking contrast between what is possible with tech disruption and innovation and what is actually happening is something Catalina Kaiyoorawongs, co-founder and CEO of LoanSense, brings

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Better.com to hire thousands from Google program

Better.com is continuing to grow its head count in the midst of the pandemic, announcing Thursday that it will be adding at least 2,000 Google Career Certificate graduates in the next three years. The hiring initiative will be through Better.com’s partnership with Merit America, a nonprofit that helps Americans without

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