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From HELOCs to blockchain: home equity moves forward

U.S. lenders are racing to tap homeowners’ record equity, rolling out new HELOCs, non-QM loans, and even blockchain-backed products to capture market share.   Boston Consulting Group’s third quarter recap noted that banks are focusing their mortgage operations on deepening customer relationships in order to grow, and this includes increasing second-lien lending. “Lenders continue to expand […]

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GSE stock move stirs fears of advantage for big banks

As policymakers mull a potential stock offering that would distance Fannie Mae and Freddie Mac from conservatorship, speculation about the impact on various parts of the business’ ecosystem has run rife. Wall Street and big financial institutions in general, which have been in consultation with the Trump administration in regard to an offering, stand to

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Inventory, affordability take center stage in House hearing

U.S. Rep. Mike Flood (R-Neb.) pressed federal housing officials Wednesday on what he described as costly and counterproductive red tape, using a House Financial Services Committee hearing to highlight regulations he feels are worsening the national housing shortage. The hearing focused heavily on interpretations of Build America, Buy America (BABA) requirements and their impacts on

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