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Equifax To Offer Expanded Bill Payment History To Lenders

The program is designed to expand the pool of potential homebuyers.

Industry News
Federal Agencies Announce Threshold for Smaller Loan Exemption

The 2023 threshold will involve exempting loans from special appraisal requirements for higher-priced mortgage loans.

Regulation and Compliance
Redfin: Housing Activity Plunges As Rates Reach 20-Year High

Price drops also reached a new high as home sales & listings start to decline.

Analysis and Data
JPMorgan Chase 3Q Profits Down 17% YOY

While net income also fell from previous quarter, results still beat analysts expectations.

Analysis and Data
Non-QM
REC. Oct 13, 2022
Close More Loans for Self-Employed Borrowers
Oct 13, 2022
The Interest
Helping Your Customers Improve Their Credit

Technology can help show how to get fast results

Oct 13, 2022
NMP's The Principal
Fitch Rates Non-QM Offering By PRPM 2022-NQM1 Trust

The loans were originated by Sprout Mortgage, Newfi Lending, and others.

Non-QM
Bank Associations Sue The CFPB Over Discrimination Regulations

The lawsuit claims the CFPB is exceeding its statutory authority outlined in the Dodd-Frank Act.

Regulation and Compliance
Homepoint Cuts Lending Capacity By $925M

Joins loanDepot in reducing capacity by around $1billion.

Wholesale