loanDepot, Smith Douglas Homes Team Up

loanDepot, Smith Douglas Homes Team Up

loanDepot teamed up with builder Smith Douglas Homes to provide streamlined financing options for new home buyers. The new venture, Ridgeland Mortgage, offers home financing through loanDepot for new construction built by Smith Douglas. “Our new joint venture helps both companies make the American dream of homeownership possible for more families while providing Smith Douglas…

Fairway To Pay $9.9M To Settle Redlining Claims

Fairway To Pay $9.9M To Settle Redlining Claims

Fairway Independent Mortgage must pay nearly $10 million to settle allegations of redlining in Birmingham, AL. The Consumer Financial Protection Bureau accused Fairway of withholding credit from predominantly Black neighborhoods, a form of illegal lending discrimination. According to the Bureau, Fairway refused to act on data showing it didn’t serve majority-Black neighborhoods in the area…

Citizens Trust Bank Rolls Out Down Payment Assistance

Citizens Trust Bank Rolls Out Down Payment Assistance

Atlanta-based Citizens Trust Bank announced a new down payment assistance program for borrowers purchasing affordable homes. The grant offers up to $2,000 to eligible buyers looking to purchase affordable housing. Citizens says its goal is to help more Americans reach their homebuying dream, considering that saving for a down payment in a high inflation, high…

Rocket Pro TPO Competes For Loans Under $200K
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Rocket Pro TPO Competes For Loans Under $200K

By KIMBERLEY HAAS Leaders at Rocket Pro TPO are extending their promotion on 30-year conventional purchase loans at or under $200,000 as they gear up to be more competitive in that market this year. During an IGNITE: Live! webinar on Monday, Executive Vice President Mike Fawaz announced that they are continuing their 37.5 BPS credit…

Millennials Dominate In America’s Biggest Metros

Millennials Dominate In America’s Biggest Metros

Despite challenging conditions for first-time homebuyers, Millennials are actively engaging in the housing market, especially in the nation’s largest metros, according to a new analysis from LendingTree. The analysis found that Millennials– people aged 25 to 40 in 2021– make up a majority of homebuyers in most of the US’s largest metros, especially Denver, Seattle,…

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