Adobe Stock Profits for home flippers have been on a steady decline for more than a decade, and return on investment hit a 17-year low in the second quarter of this year, impacting a market some lenders serve. The average return on investment for a flipped home was 25.1% in the second quarter of 2025, […]
Home flipping profits drop to new multiyear low Read More »
The American Enterprise Institute’s (AEI) recent opinion piece (“FICO isn’t the problem. A premature two-score system is“) challenges a nearly unanimous market conclusion: VantageScore 4.0 is a more predictive credit score for mortgages than Classic FICO. Tobias Peter and Sissi Li’s critique tells yesterday’s story. VantageScore 4.0 is about tomorrow, and the market agrees. While
VantageScore 4.0’s predictive power stands up to scrutiny Read More »
Dueling cases involving Cornerstone Capital Bank and a former executive have been dismissed prior to trial, with both sides claiming victory. Each party has a different interpretation of what happened in the legal matter involving former Cornerstone Home Lending executive Manuel Valdes. A former independent mortgage banker, Cornerstone acquired a Texas state chartered bank in
Cornerstone, former executive dismiss mutual lawsuits Read More »