Mortgage

Judge dismisses Maryland appraisal discrimination case and defamation countersuit

Appraisals, Appraisals and Valuations, Discrimination, HWmember, Lawsuit, Legal, loanDepot, Maryland, Mortgage / Ricky Vasquez

A federal judge has dismissed the claims of both the plaintiffs and defendants in an appraisal discrimination lawsuit that garnered national attention when it was filed in 2022. Nathan Connolly and Shani Mott — Maryland homeowners who are Black — sued appraiser Shane Lanham, his company 20/20 Valuations and mortgage lender loanDepot for allegedly undervaluing […]

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Logan Finance promotes Dave Weatherford to TPO executive role

HWmember, Mortgage, Non-QM, People Movers / Ricky Vasquez

Nonqualified mortgage (non-QM) lender Logan Finance Corp. on Thursday announced the promotion of Dave Weatherford to Executive Vice President of TPO Production, effective immediately. The promotion follows Logan Finance’s launch of its new Open Road product series, announced in June. The series, which expands upon Logan’s preexisting non-QM offerings, involves seven specialized Non-QM mortgage solutions designed

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PAVE task force 2.0? Senate Democrat introduces appraisal bias legislation

Appraisals, Appraisals and Valuations, DEI, Discrimination, HWmember, Legislation, Mortgage, Regulatory, Senate, Trump administration / Ricky Vasquez

The Trump administration has “effectively disbanded” the interagency Property Appraisal and Valuation Equity (PAVE) task force, but a Democratic senator wants to revive it. Raphael Warnock of Georgia introduced the Appraisal Modernization Act on Thursday. The legislation seeks to address systemic bias in the appraisal process, effectively writing into law many of the measures the

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Colorado officials push to save property tax breaks for seniors

Colorado, HWmember, Mortgage, Property Tax, Retirement, Reverse / Ricky Vasquez

Government officials in Mesa County, Colorado, urged state legislators in an open letter this week to preserve a property tax exemption for older adults and disabled veterans amid the state’s ongoing budget constraints. Colorado’s senior property tax exemption, which has been in place for the past 25 years, cuts 50% from the first $200,000 of

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The Rolling Stones, real estate, and reality checks

Contributors, HWmember, Mortgage, Mortgage Rates, Opinion, Origination / Ricky Vasquez

In 1969, The Rolling Stones gifted us their 10th studio album, Let It Bleed. Tucked away as the final track, “You Can’t Always Get What You Want” started life as a B-side to “Honky Tonk Women” before becoming an anthem for an entire generation. Here’s the kicker: this iconic track never actually hit number one.

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VantageScore 4.0 is coming. But much work needs to be done

Bill Pulte, Fannie Mae, FHFA, FICO, Freddie Mac, HWmember, LendingLife, Mortgage, Origination, Regulatory, VantageScore / Ricky Vasquez

In the days following the announcement that VantageScore 4.0 was suddenly in play for conventional mortgages, FinLocker‘s Brian Vieaux had to burst some bubbles. Most of the 15 to 20 loan officers he spoke to were ecstatic about being able to use the new credit scoring model. Millions of new prospective borrowers could be scored

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Federal regulators scrap 2023 CRA rule

Community Reinvestment Act, Federal Deposit Insurance Corporation, Federal Reserve, HWmember, LendingLife, Mortgage, Office of the Comptroller of the Currency, Regulatory, Regulatory Compliance / Ricky Vasquez

Three federal banking regulators announced on Wednesday the rescission of the Community Reinvestment Act (CRA) final rule issued in October 2023. The decision made by the governing boards of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) will result in the agencies reinstating

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Blend, Doma expand partnership with title solution integration

Artificial Intelligence, Blend, Doma, HWmember, Mortgage, Partnerships, Technology, Title / Ricky Vasquez

Blend Labs Inc. and Doma Technologies LLC announced on Wednesday an expanded partnership to bring Doma’s AI-powered instant title decisioning technology to lenders through Blend’s home lending platform. Lenders using Blend’s mortgage and rapid home lending solutions can now access instant title decisions via Doma’s Upfront Title, which is now embedded into the borrower application

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Fidelity National, FHFA to collaborate on ‘innovative title solutions’

Affordability, Bill Pulte, Fannie Mae, FHFA, Fidelity National Financial, HWmember, Mortgage, Partnerships, Title, Title insurance / Ricky Vasquez

Fidelity National Financial (FNF) and the Federal Housing Finance Agency (FHFA) have agreed to collaborate on “innovative title insurance solutions,” news that was first shared on social media by FHFA Director Bill Pulte. “I had great conversations with industry today, including the CEO of Fidelity National Title,” Pulte wrote in a July 11 post on

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FHFA clarifies key VantageScore 4.0 implementation questions

Bill Pulte, credit report, FHFA, FICO, HWmember, Mortgage, Regulatory, VantageScore / Ricky Vasquez

Mortgage industry professionals had more questions than answers following last week’s bombshell announcement that the government-sponsored enterprises Fannie Mae and Freddie Mac have approved the use of VantageScore 4.0, a new credit scoring model. A week after the initial announcement, Federal Housing Finance Agency (FHFA) Director Bill Pulte answered several key questions. In an FAQ

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Judge dismisses Maryland appraisal discrimination case and defamation countersuit

Logan Finance promotes Dave Weatherford to TPO executive role

PAVE task force 2.0? Senate Democrat introduces appraisal bias legislation

Colorado officials push to save property tax breaks for seniors

The Rolling Stones, real estate, and reality checks

VantageScore 4.0 is coming. But much work needs to be done

Federal regulators scrap 2023 CRA rule

Blend, Doma expand partnership with title solution integration

Fidelity National, FHFA to collaborate on ‘innovative title solutions’

FHFA clarifies key VantageScore 4.0 implementation questions

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