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Tag Archives: data

ReverseVision Announces New Partnership

ReverseVision, a provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, has recently announced a new partnership with Premier Reverse Closings (PRC), a title and settlement firm specializing in reverse mortgage closings. According to ReverseVision, the ...

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CFPB Outlines Protecting Consumer-shared Data

The CFPB seeks to ensure consumers can share their data to third party companies, such as “fintech” firms, banks, and other financial institutions, with the peace of mind that their data is valued and protected.

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Top 5 Cities for the SFR Market

Where are the top locations for investors looking into the single-family rental market? A recent study reports the MSAs that are bound to provide investors with the best deals.

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Quicken Rocketing Toward E-Lending Expansion

The company that first made waves on the national stage for its online mortgage platform during the 2016 Super Bowl ad, announced today that it has struck a partnership that will expand online mortgage lending.

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Inclusionary Housing: A Potential Solution?

Inclusionary housing programs refer to any programs or policies that require the creation of affordable housing when new development occurs, including impact or linkage fees that generate revenue for affordable housing. As inclusionary housing is gaining attention as a way ...

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CFPB Offers Clarification to Proposed Data Collection Update

In fall of 2015, the CFPB introduced new data reporting requirements which are set to take effect next year under the 1974 Home Mortgage Disclosure Act (HMDA), updating existing rules which will make lenders provide information on property value, the terms of the loan, the term of prepayment penalties and the duration of teaser or introductory interest rates. However, the increased amount of data which the CFPB requires lenders to report has led increased complications.

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Credit Complaints Amplify in Latest CFPB Report

According to the latest report from the CFPB, debt collection was the most-complained-about financial product or service, with 7,755 out of approximately 26,000. The second most-complained-about consumer product was credit reporting followed by mortgages. Montana, Georgia, and Missouri experienced the greatest year-to-year complaint volume increases.

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Nationstar Finishes Strong

On Wednesday, Nationstar posted its Q4 2016 and full year 2016 financial results and gave a hint of key strategies that the servicer will focus on in 2017.

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