Fight over unpopular fair-lending standard rages long after court case

Fight over unpopular fair-lending standard rages long after court case

WASHINGTON — More than three years after a Supreme Court ruling validated “disparate impact” as a legal argument in fair-lending cases, the
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Freedom Mortgage Donates Backpacks and School Supplies to Military Families

Freedom Mortgage has teamed up with the United Service Organizations (USO) to provide the children of military families, grades K-8, with free
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Borrowers find the best mortgage rate online, then many pick up the phone

The vast majority of consumers start the mortgage process with internet research, but when it comes time to initiate contact with a lender, borrowers
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Mortgage providers relax lending standards for the credit-impaired

The number of lenders who are willing to offer mortgages to people with poor credit ratings is on the rise, opening up the market for those who would
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Low down payment first-time home buyers shift to private MI in 2Q

Private mortgage insurance was the largest source of credit enhancement for new homeowners in the second quarter making a low down payment for
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Silver Hill Launches Two New Commercial Lending Programs

Silver Hill Funding LLC has announced the addition of two new programs to their commercial loan product offering. With the launch of these program
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Senate bill aims to increase lending to self-employed

Most lenders aren't comfortable lending outside of QM, and this could be the way to qualify more people for standard mortgages, and still protect
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NAR Sees Overheated Housing Market Starting to Cool

Expectations weren't particularly high for a solid July report on home purchase contracts, but today's report from the National Association of Realtors®
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Pending home sales fell in July amid overheated markets

Affordability constraints including rising mortgage rates, tepid wage gains and rising prices amid tight supplies continue to restrain prospective buyers
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Appeals Court Rules Fair Housing Act Covers LGBT Community

Although the federal Fair Housing Act makes no mention of prohibiting housing discrimination against individuals based on sexual orientation, the
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Indian regulators extend securities lending hours

The Securities and Exchange Board of India (SEBI) has extended the trading hours of its securities lending and borrowing (SLB) segment by over two
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Bank regulator opens discussion of rewriting rules on lending to poor neighborhoods

A national banking regulator took the first step Tuesday toward rewriting rules for lending in lower-income neighborhoods, an effort that could allow
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Pending Home Sales, Mortgage Apps Down

Pending home sales were down in July, marking the seventh consecutive month of declines, according to the National Association of Realtors (NAR).
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Bill Seeks Greater Mortgage Access for Non-Traditional Income Borrowers

New bipartisan legislation in the U.S. Senate is seeking to expand mortgage access to creditworthy borrowers with nontraditional income streams.
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Associate General Counsel – Multifamily Real Estate

If you are a smart, dynamic, and self-motivated Attorney, Freddie Mac might be the employer for you. We are looking for an Associate General Counsel
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OCC Seeks Comments on Updating CRA

Unfortunately, the operation of the current CRA regulation can result in restricted resources. It is time for a national discussion on how we can make
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Auto Finance Industry Trends That Will Disrupt Lending in 2019

There are two auto finance technology trends help lenders thrive in this increasingly-competitive market: cloud-based lending and analytics-driven
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Renaud Laplanche's journey from scandal to second act

Within three months of his ouster from LendingClub, the major online lender he founded, Renaud Laplanche had a new digital lending company up
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TPG Specialty Lending, Inc. (TSLX) Ex-Dividend Date Scheduled for August 30, 2018

TPG Specialty Lending, Inc. ( TSLX ) will begin trading ex-dividend on August 30, 2018. A cash dividend payment of $0.08 per share is scheduled to
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Second quarter loan originations pull big profits for mortgage banks

With spring homebuying in bloom, the second quarter brought profits to independent mortgage bankers after going negative for the second time ever,
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