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Fannie Mae Cuts Economic Outlook Due to Rates, Inflation

Fannie Mae Cuts Economic Outlook Due to Rates, Inflation

Friday, 20 May 2022
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Fannie Mae has downgraded its 2022 economic outlook, as well as its projections for home sales and mortgage originations, citing stubborn inflation and climbing interest rates. Read more...
Mortgage Industry Veteran Advises: 'Take a Deep Breath'

Mortgage Industry Veteran Advises: 'Take a Deep Breath'

Friday, 20 May 2022
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One lesson learned from 30 years in the mortgage business is that slowdowns are an inevitable part of the business cycle. That’s according to Churchill Mortgage CEO Mike Hardwick, writing for Forbes.com. Read more...
Wire-Fraud Protection Startup CertifID Raises $12.5M

Wire-Fraud Protection Startup CertifID Raises $12.5M

Friday, 20 May 2022
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CertifID, a cybersecurity startup focused on preventing wire fraud in real estate deals, has locked down $12.5 million in funding. So reports Built in Austin. Read more...
Ex-Anaheim Chamber CEO Hit with Mortgage Fraud Charges

Ex-Anaheim Chamber CEO Hit with Mortgage Fraud Charges

Friday, 20 May 2022
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Federal prosecutors have charged former Anaheim Chamber of Commerce CEO Todd Ament with defrauding Chase Bank while applying for a mortgage on a $1.5 million home. So reports NBC Los Angeles. Read more...
How to Cure Happy Ears Syndrome for LOs

How to Cure Happy Ears Syndrome for LOs

Friday, 20 May 2022
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Anyone in mortgage banking can attest that origination is not for the faint of heart. Like many other industries, our business is cyclical, which means loan officers (LOs) have to endure the inevitable emotional rollercoaster. Read more...
Podcast: The Ins and Outs of USDA Home Loans with David Corwin

Podcast: The Ins and Outs of USDA Home Loans with David Corwin

Monday, 16 May 2022
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David Corwin, a Deputy Director of lender and partner activities with the USDA Rural Development single-family guaranteed program, joins host Jen DuPlessis for an important discussion. Read more...
Better.com Taps Goldman Sachs Alum in Plan to Go Public

Better.com Taps Goldman Sachs Alum in Plan to Go Public

Monday, 16 May 2022
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Better.com has hired a former Goldman Sachs partner as the digital mortgage lender hopes to list its shares on public markets. So reports Bloomberg. Read more...
Scammer Posed as Mortgage Closing Attorney: Police

Scammer Posed as Mortgage Closing Attorney: Police

Monday, 16 May 2022
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A woman purporting to be a mortgage closing attorney bilked a Georgia homebuyer out of more than $155,000, according to state investigators. So reports the Raleigh, N.C. News & Observer. Read more...
Mortgage Rate Lock Activity Slid in April as Interest Rates Surged

Mortgage Rate Lock Activity Slid in April as Interest Rates Surged

Monday, 16 May 2022
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With long-term mortgage rates soaring last month, rate lock activity tumbled. That’s according to reports from Black Knight and MCT. Read more...
Point, a Fintech Offering Cash for Home Equity, Raises $115M

Point, a Fintech Offering Cash for Home Equity, Raises $115M

Wednesday, 04 May 2022
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California-based fintech startup Point has raised $115 million in series C funding to expand its marketplace, which offers homeowners cash for a share of a home’s equity. So reports TechCrunch. Read more...

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