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LendingHome Names New CEO, Rakes in $75M in Funding

LendingHome Names New CEO, Rakes in $75M in Funding

Saturday, 02 January 2021
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LendingHome, a lender that focuses on fix-and-flip loans to residential real estate investors, has secured the ninth biggest proptech funding round of 2020, as The Real Deal reports. Read more...
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Originator Bilked Black Seniors Out of Millions: Lawsuit

Originator Bilked Black Seniors Out of Millions: Lawsuit

Saturday, 02 January 2021
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Northwestern University’s Bluhm Legal Clinic has filed a civil lawsuit on behalf of 45 homeowners, trying to void reverse mortgages that were allegedly fraudulently procured by Chicago mortgage originator Mark Diamond. So reports CBS 2 Chicago. Read more...
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3 Creative Ways Loan Officers Can Stay in Touch with Clients Over the Holidays

3 Creative Ways Loan Officers Can Stay in Touch with Clients Over the Holidays

Friday, 18 December 2020
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The real estate market is notorious for slowing down during the holiday season. As a loan officer, you may be wondering whether you should take your foot off the gas pedal too. Read more...
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Mortgage Fraudster Pleads Guilty in 'Straw' Borrower Scam

Mortgage Fraudster Pleads Guilty in 'Straw' Borrower Scam

Friday, 11 December 2020
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A New Jersey man has pleaded guilty to one count of conspiring to commit bank fraud in part of a mortgage scheme that allegedly involved hundreds of thousands of dollars. So reports NorthJersey.com. Read more...
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Home Point Financial Rebrands as Homepoint

Home Point Financial Rebrands as Homepoint

Friday, 11 December 2020
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Home Point Financial has announced that it is rebranding and will now be known as simply Homepoint. Read more...
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Internet Lender SoFi Eyes Deal to Go Public

Internet Lender SoFi Eyes Deal to Go Public

Friday, 11 December 2020
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Digital lending startup Social Finance, better known as SoFi, has held talks with blank-check companies about going public. So reports Reuters. Read more...
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Ask The Expert: How Do I Get Back to Focusing on Purchases in 2021?

Ask The Expert: How Do I Get Back to Focusing on Purchases in 2021?

Thursday, 17 December 2020
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Cheryl from Florida asked: "I read the forecast by the MBA which says there will be less refinances next year. I have been doing mostly refinances and I have no idea how to get back to focusing on purchases. What do you recommend?" Read more...
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Mortgage Origination and the Digital Revolution

Mortgage Origination and the Digital Revolution

Wednesday, 16 December 2020
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In early December, Warner Bros. announced that all of its 2021 movie releases—17 in all–will be available on HBO Max (a streaming service) on the same day they debut in movie theatres. This is a major break from previous practices that had given movie theatres a competitive advantage by delaying a film’s release to streaming… Read more...
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Three Mortgage-Tech Startups Win Support From Flagstar Bank

Three Mortgage-Tech Startups Win Support From Flagstar Bank

Friday, 04 December 2020
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Flagstar Bank has selected the startups Home Lending Pal, Stavvy and RealKey to take part in its Flagstar MortgageTech Accelerator program. Read more...
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Nine Arrested, Indicted in Alleged $6M Mortgage Scam

Nine Arrested, Indicted in Alleged $6M Mortgage Scam

Friday, 04 December 2020
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California state authorities have announced the arrests and indictments of nine people in an alleged mortgage scheme that led to a loss of about $6 million. So reports KTXL in Sacramento. Read more...
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