Avoid These Common Compliance Mishaps
Small mistakes can lead to severe consequences, including fines and legal actions
The SBA’s Win-Win Proposition
Savvy mortgage brokers can profit from this program while saving clients money
Quarterly loan originations fall to lowest point in more than two decades
Refinances, in particular, plummet to lowest number of originations this century
Notable mortgage industry additions and promotions, May 29-June 2
LoanDepot announced the promotion of veteran mortgage leader Alec Hanson to serve as its chief marketing officer. Hanson, who joined LoanDepot in 2011 and formerly served as the company’s senior vice president of production for the West division, brings nearly two decades of sales and production experience to the role. Hanson will lead a consolidated […]
The Allure of Luxury
High-end homes present an opportunity for jumbo mortgage experts
Residential Spotlight: Southwest Region
Warm-weather states remain resilient to an economic downturn.
Q&A: Muhammad T. Alameldin, Terner Center for Housing Innovation
Looser zoning restrictions could address housing crisis
Featured Top Originator: Christian Groomes, Lima One Capital
Christian Groomes is not your typical mortgage originator. He works in the private lending space, financing deals for real estate investors that others cannot. And at only 27 years old, he’s closing hundreds of deals per year. In 2022 alone, he originated 464 loans with a total volume of nearly $163 million. Like many other […]
Property tax increases put pressure on homeownership
In 2022, $339.8 billion in property taxes were levied on single-family homes in the U.S., a 3.6% increase from the $328 billion levied in 2021, according to an Attom Data Solutions analysis of 87 million U.S. single-family homes. This increase was more than double the 1.6% growth seen in 2021, although it was markedly less […]
Pride Month offers a reminder to assist LGBTQ+ borrowers
It’s common knowledge that members of marginalized communities are less likely to own their home. This also extends to the LGBTQ+ community, whose homeownership rate is about 20 percentage points lower than that of non-LGBT Americans. There are multiple barriers to entry for these prospective homebuyers. According to the UCLA School of Law’s Williams Institute, […]