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 […]
Colorado officials push to save property tax breaks for seniors Read More »
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.
The Rolling Stones, real estate, and reality checks Read More »
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
VantageScore 4.0 is coming. But much work needs to be done Read More »
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
Federal regulators scrap 2023 CRA rule Read More »
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
Blend, Doma expand partnership with title solution integration Read More »
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
Fidelity National, FHFA to collaborate on ‘innovative title solutions’ Read More »
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
FHFA clarifies key VantageScore 4.0 implementation questions Read More »
New American Funding (NAF), a top-25 U.S. mortgage lender, notified the California attorney general last week of a data breach involving one of its vendors, which potentially compromises customers’ personal information. NAF on June 6 discovered “suspicious activity associated with information provided to one of our vendors that provided notary systems, Mobile Notary Zone,” according to
NAF reports data breach in California Read More »
A recent report from the Urban Institute analyzed potential reasons behind the increasing number of delinquencies on Federal Housing Administration (FHA) loans. While the increase is sizable, it’s not a cause for concern, the authors of the report suggest. Laurie Goodman, Jun Zhu, Ted Tozer and Jung Hyun Choi — the authors of the July
Urban Institute says rise in FHA mortgage delinquencies isn’t a cause for concern Read More »
The failure-to-launch trend that started with millennials is continuing with Gen Z, and many are turning to parents for assistance, according to a new column by Bloomberg. According to a 2024 Bank of America study, over half of adult Gen Zers reported that they don’t pay for their own housing. A separate study by Savings.com found
The bank of mom and dad can strain retirement Read More »