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Industry News
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Consumer Lending In The Digital Age
The pandemic has left its mark on nearly every industry, either for better or for worse, and consumer lending is no different.
loanDepot CEO Anthony Hsieh Purchases 3.2M Shares Of Company Stock
Hsieh's recent purchases exceed the number of shares that he sold during loanDepot’s Initial Public Offering.
Dearfield Fund For Black Wealth Cuts $40,000 Off Home Purchases
The newly created Dearfield Fund for Black Wealth offers first-time Black homebuyers up to $40,000 in down payment assistance.
Planet Home Lending Adds Las Vegas Team
Planet Home Lending hired branch manager Ruben Moreno to lead its new Las Vegas team.
SRE Mortgage Alliance Closed In 4Q 2021, All Staff Laid Off
Company president confirms wholesale division cuts; business now operating via SRE.com.
More Originators/Aggregators Set Their Sights On Securitization Opportunities
Fitch Ratings added six originators/aggregators to its coverage over the past quarter, which Fitch believes, is as a result of more originators and aggregators turning to securitization opportunities.
KBRA Assigns Preliminary Ratings To OBX 2022-NQM2 Trust
Kroll Bond Rating Agency assigned preliminary ratings to eight classes of mortgage pass-through notes from OBX 2022-NQM2 Trust.
32% Of Black Homeowners Believe Their Homes Were Unfairly Appraised
A 2022 LendingTree study reported that 32% of Black homeowners believe that their home's value was unfairly appraised.
Freddie Mac To Launch Direct-Deposit Assessment Tool
The new, automated assessment tool will help reduce paper documentation so loans can close faster.
Black Knight Acquires Remaining Interest In Optimal Blue Holdco for $1.16B
Black Knight Inc. acquired the outstanding interest of Optimal Blue Holdco LLC from Cannae Holdings Inc. and Thomas H. Lee Partners, L.P. for nearly $1.16 billion in stocks and cash.