On Dec. 9, Sterling Bancorp reported in a regulatory filing that its subsidiary, Sterling Bank and Trust FSB, suspended the Advantage Loan program following an audit of the documentation on past loans. The company did not say how long the program would be halted or specify if there were significant problems in the documentation, but stated that its decision was needed so “it could put in place additional systems and controls to ensure the bank’s policies and procedures are followed on loans originated under the program.”Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market
Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...
LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators
A new mortgage technology startup is betting that borrowers will increasingly turn to artificial intelligence to find a loan originator, and it wants to make sure AI knows whom to recommend.LenDb.ai, launched Thursday by venture studio Draper Goren Blockchain, has assembled ...
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