Inside Figure’s bold plan for crypto mortgages

Mike Cagney didn’t expect to be releasing a cryptocurrency-backed 30-year fixed-rate mortgage product so soon. The plan was for Figure Technologies to launch such a product only after completing the merger with multichannel mortgage lender Homebridge Financial Services. But Cagney can’t wait: regulatory approval on the Homebridge deal hasn’t occurred

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Deeper asset history unlocks new lending opportunities

Until recently, lenders have taken a “less is more” approach to collecting asset documentation, and understandably so. The process of requesting, reviewing and (often) re-requesting statements can be cumbersome and time-consuming for all involved. Whether borrowers scan paper bank statements or upload PDFs retrieved from online banking, they must provide

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HMDA: The top 10 VA lenders by volume in 2021

Origination volume in the Veterans Affairs (VA) universe amounted to $388 billion in 2021, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. This marks a notable dip in originations from 2020, a record-breaking year in which VA lenders pumped out approximately $427 billion in VA

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Opinion: HUD needs to lower the MIP and do it now

This week, the Community Home Lenders Association (CHLA) repeated their call for FHA to lower premiums and to eliminate the life of loan premium on FHA loans. While I might have a different view on the life of loan premium, I applaud their call and cannot understand why HUD has

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Inside the government’s feeble fight to end redlining

Despite being outlawed over 50 years ago, redlining still persists in America. Now the country’s signature law to stop redlining is under review. Redlining is a five-alarm word in the lexicon of American racism, but it really has a quite specific definition: The denying of credit in non-white, particularly Black

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