A paper from Andrew Davidson & Co. reportedly supports the notion that dropping the tri-merge credit report standard would result in greater risk to mortgage industry participants. Processing Content The paper was brought to media attention by the Consumer Data Industry Association. Others stand by their views that a single pull is sufficient to use […]
Dropping tri-merge reports hikes mortgage risk, paper claims Read More »
Key insight: Treasury Secretary Scott Bessent said the Supreme Court limited the administration’s tariff authority under the International Emergency Economic Powers Act, but that other laws could give the administration the same powers. Supporting data: The Penn-Wharton Budget Model has estimated that the court’s rejection of the IEEPA tariffs could result in as much as
Bessent: ‘No one should expect’ tariff revenue to decline Read More »
A Virginia-based retail lender which generated hundreds of millions of dollars of origination volume annually since 2022 has shuttered. Processing Content City Lending CEO Jorge Campodonico shared the news Wednesday on LinkedIn, and the company’s website this week stated it was no longer conducting business. The independent mortgage bank reported $446 million in origination volume
Virginia-based City Lending shuts down Read More »