New York expands CRA rule to nonbank lenders
New York State on Monday permitted the extension from the state Group Reinvestment Act (CRA) to non-depository lenders, a controversial rule which has obtained criticism as “pointless” and…
Citigroup faucets into the red-hot reperforming mortgage market
International lender Citigroup is capitalizing on an exciting U.S. industry for mortgages which have been dinged up through the pandemic. The financial institution, by way of its residential mortgage-backed securities…
Mortgage officer wallets flatten as refis dry out
To the shock of nearly nobody, mortgage officer commissions began to move south inside the third quarter, dropping 17% year-over-year, according to SimpleNexus' third quarter mortgage mortgage compensation report. The…
As fee hikes loom, UWM rolls out jumbo ARMs
United Wholesale Mortgage rolled out prime jumbo adjustable-rate mortgage (ARMs) merchandise on Wednesday, signaling that interest in ARMs is rising within the dealer group. Based on the top-ranked wholesale lender, their…
Freddie Mac spurs landlords to report on-time hire funds
Freddie Mac really wants to encourage multifamily landlords to report optimistic rental funds to the credit rating bureaus to supply renters a larger shot at qualifying for any mortgage. The federal government-sponsored…
Dwelling Level Capital bounces again in Q3 because of MSR sale
Willie Newman, president and CEO of Dwelling Level Capital Dwelling Level Capital, mum or dad entity of Michigan-based wholesale lender Homepoint, bounced again from a brutal second quarter, posting a internet earnings…
Veteran Business Grants: 5 Opportunities For 2022
Many veterans that have spent their lives protecting our nation and our freedom also buy and operate smaller businesses. Based on a Small Business Administration study, there are 2.4 million veteran-owned businesses in the…
Wall Avenue buyers are the brand new variety of single-family landlords
Purchases of single-family rental properties by buyers take presctiption the increase in Sunbelt cities like Phoenix; Austin, Texas; Vegas; Tampa; and Charlotte, and others, consistent with analysis by John Burns Actual…
Difference Between Revolving & Non-Revolving Credit lines
When your online business needs additional capital, it’s not unusual to turn to a lender to quickly get the funding you need to operate or expand your company. Fortunately, there are lots of funding options available…
6 Methods to Finance Your Medicinal marijuana Business Or Startup
Financing any small company is a headache, but acquiring funding for a medicinal marijuana dispensary can be a lot more of a challenge. Medical — and recreational — marijuana is legalized in states across the…
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Congress boosted ACA subsidies. An enrollment surge followed.
The American Rescue Plan, signed into law by President Biden on March 11 of this…
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