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Wells Fargo, JPMorgan Chase and Citi opened the second-quarter earnings season in the mortgage space on Friday by showing strong increases in sales volumes from April to June compared to the previous quarter. But it was not enough to bring home loan originations to year-ago levels. Among the three depositories,…
Continue reading →Editor in Chief Sarah Wheeler sat down with Brooke Anderson-Tompkins to talk about responsible AI and the scope of implementing AI in your business. Anderson-Tompkins was president of 1st Priority Mortgage for 15 years and is a former chair of the Community Mortgage Lenders of America (now Community Home Lenders…
Continue reading →A collection of Senate Democrats are taking aim at institutional investors in single-family rental (SFR) homes. Amy Klobuchar (D-Minn.) and Sherrod Brown (D-Ohio) unveiled legislation on Friday that would require corporations and private equity firms to report bulk purchases of single-family homes to federal regulators for antitrust review. The legislation…
Continue reading →The latest 2023 Home Mortgage Disclosure Act (HMDA) data is in, and it confirms a few key trend lines for the mortgage industry: there was significantly less interest in mortgage loans in 2023, and fewer banks thought it worth participating in the market. The full dataset from Consumer Financial Protection…
Continue reading →‘I love our ability to be nimble and respond to community needs,’ says Betsy Andrews Parker, CEO of the Community Action Partnership of Strafford Country. ‘We have a great team and board that works to be socially entrepreneurial to cut through red tape and bureaucracy.’ (Courtesy photo) According to U.S….
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