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iBuyer Orchard enters mortgage broker business

The company wants to provide financing to those who purchase its homes in Colorado, Georgia and Texas.

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CFPB slaps Chicago mortgage lender with redlining lawsuit

The consumer agency alleges Townstone Financial’s CEO and president made statements on a radio show discouraging applicants living in Black neighborhoods from seeking home loans.

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PNC sees steep decline in forbearance requests. Will it last?

The Pittsburgh bank says fewer borrowers are asking for help and that many borrowers who received assistance are making payments again. But with the coronavirus…

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U.S. Bancorp mulls more branch closings as customers flock to digital channels

The Minneapolis company said 75% transactions have been handled online since the pandemic hit.

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Prepayments: Ginnie Mae vs. the big banks

Any intention that Ginnie Mae may have had to slow prepayment rates by changing the rules on RPLs seems to be thwarted by the grim…

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MBS RECAP: Stocks and Bonds Confirm Hyperfocus on Covid Outlook

Posted To: MBS Commentary Stocks and Bonds Confirm Hyperfocus on Covid Outlook Coronavirus has been with us for so long and has caused such a…

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Non-QM, QC, Construction Loan Products; Events and Training; Big Bank Mortgage Stats

Posted To: Pipeline Press I woke up this morning trying to remember if I was working where I am living, or living where I am…

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New Home Sales Expected to Surge

Posted To: MND NewsWire The Mortgage Bankers Association (MBA) is expecting new home sales to spike again in June, based on results of its Builder…

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MBS Day Ahead: Stocks and Bonds Confirm Hyperfocus on Covid Outlook

Posted To: MBS Commentary Coronavirus has been with us for so long and has caused such a huge paradigm shift that it’s easy to lose…

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Mortgage Application Volume is Up, Forbearances Continue to Wane

Posted To: MND NewsWire Mortgage application volume increased last week, bouncing back slightly from the prior holiday shortened period. The Mortgage Bankers Association (MBA) said…

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