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• CFPB wants lenders to disclose reason for denial of credit May 27, 2022
  The CFPB reminded lenders they are required by law to disclose the reason a customer was denied credit, even if based on a complex algorithm. The post CFPB wants lenders to disclose reason for denial of credit appeared first on HousingWire.
• HW+ Member Spotlight: Jeremy Potter May 27, 2022
  Stavvy's Jeremy Potter shares why more people need to be thinking about greater investments and incentives for factory-built housing.  The post HW+ Member Spotlight: Jeremy Potter appeared first on HousingWire.
• Opinion: A unified approach for reducing appraisal bias May 27, 2022
  With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process. The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
• Freddie Mac single-family division chief announces resignation May 27, 2022
  Donna Corley, Freddie Mac’s head of single-family, has stepped down from her post at the government sponsored enterprise. The post Freddie Mac single-family division chief announces resignation appeared first on HousingWire.
• Purchase apps are at 2009 level: where’s the inventory? May 26, 2022
  Purchase application data is negative year over year, and this time it’s real. So where is all the housing inventory? The post Purchase apps are at 2009 level: where’s the inventory? appeared first on HousingWire.
• How top originators can build and retain borrower relationships May 26, 2022
  In the midst of a competitive purchase market, it’s more important than ever to foster existing borrower relationships. In light of this, HW Media CEO Clayton Collins spoke with Steve Reich, COO at Finance of America Mortgage, to learn more about tactics top originators are using to build and retain relationships with borrowers.  The post […]
• Opinion: A more balanced approach to manufactured home energy efficiency May 26, 2022
  The underlying methodology used to develop the final rule for manufactured housing energy standards are flawed. The post Opinion: A more balanced approach to manufactured home energy efficiency appeared first on HousingWire.
• Financial institutions jump into ARMs amid high rates May 26, 2022
  Two financial institutions rolled out new ARM products as a solution to the affordability issues caused by mortgage interest rate increases. The post Financial institutions jump into ARMs amid high rates appeared first on HousingWire.
• Freddie Mac automates pre-closing employment verification May 26, 2022
  Freddie Mac's asset and income modeler will now automatically verify borrower employment 10 days ahead of closing. The post Freddie Mac automates pre-closing employment verification appeared first on HousingWire.
• Florida-based LO accused of falsifying documents May 26, 2022
  A Florida loan officer faces 30 years in prison for allegedly falsifying documents to help borrowers qualify for a loan, the DOJ contends. The post Florida-based LO accused of falsifying documents appeared first on HousingWire.