Changing the retirement mindset can be a big hurdle, but a HECM might help

By: ameer@trustedteam.com

In addition to the demonstrated aversion that many seniors appear to have toward tapping their home’s equity according to recent data, another major hurdle that may not be as...

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Change Lending loses CDFI certification

By: ameer@trustedteam.com

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program...

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Better trims its losses in first public earnings

By: ameer@trustedteam.com

Digital lender Better Home & Finance posted a $45.5 million net loss in the second quarter, according to results released days after the firm's difficult debut on Wall Street.The...

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Magnitude of credit losses will depend on BoC’s ability to orchestrate a soft landing: RBC

By: ameer@trustedteam.com

While RBC posted stronger-than-expected earnings results, the bank said it expects credit losses to intensify in the coming months as interest rates remain elevated. In comments made during the...

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Lower says team issued high-risk loans before AmCap poaching

By: ameer@trustedteam.com

Lower is accusing a former branch manager and his team of filing over a dozen lucrative, bad loans before departing to a rival and taking confidential information with them.The...

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Incenter adds to MSR technology wave as its platform gets underway

By: ameer@trustedteam.com

Incenter plans to soon put their new mortgage servicing rights platform to work, adding to the increased attention technology in this space has gotten as higher interest rates have...

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BNK posts record loan book growth

By: ameer@trustedteam.com

BNK has had a transformational 2023 financial year as the company’s strategic expansion into higher margin lending is starting to deliver in a less favourable environment, according to the bank’s...

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Zillow Home Loans rolls out 1% down payment option program

By: ameer@trustedteam.com

Zillow‘s mortgage arm launched a down payment assistance program where the company will cover 2% of the borrower’s down payment at closing, allowing buyers to pay just 1% upfront. The...

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University Bank’s reverse division promotes Dujanovich, hires Ziegler

By: ameer@trustedteam.com

Michigan-based University Bank announced this week the promotion of one longtime professional and the appointment of another. Carol Dujanovich will now serve the division as SVP and director of...

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Commentary: For financial advisors, home equity is an ‘idea whose time has come’

By: ameer@trustedteam.com

At a wealth advisors conference with one of the most admired thought leaders in the financial services world, a statement was made that profoundly shifted the understanding of how...

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