Tag : mortgages

Redfin Report: 89% of People With Mortgages Have an Interest Rate Below 6%, Down From a Record 93% in 2022
Fintech News

Redfin Report: 89% of People With Mortgages Have an Interest Rate Below 6%

Fintech News Desk
by Fintech News Desk0
The share of homeowners with relatively low rates has fallen because some have given up on waiting to move until rates nosedive, and everyone who has purchased a home in the last year did so when rates were above 6% Nationwide, 88.5% of U.S. homeowners with mortgages have an interest......
Approximately Five Million New Borrowers to Gain Access to Mortgage Market Using VantageScore 4.0
Mortgage News

Approximately Five Million New Borrowers to Gain Access to Mortgage Market Using VantageScore 4.0

PR Newswire
by PR Newswire0
New Research Indicates Lenders Could Originate Up To $1 Trillion In New High-Quality Mortgage Loans Adoption of VantageScore 4.0 Helps Address the Racial Homeownership Gap While Improving Predictive Performance VantageScore released research on the quantitative impact of requiring VantageScore 4.0 credit scores, as mandated by the Federal regulator, for all Government-Sponsored Enterprise......
The Payments Association Delivers Cost-Of-Living Recommendations to Government and Regulators
Digital Payments News

The Payments Association Delivers Cost-Of-Living Recommendations to Government and Regulators

Fintech News Desk
by Fintech News Desk0
As the cost-of-living crisis continues to impact millions of people across the UK, The Payments Association, which celebrates innovation and collaboration across the payments industry, presented its report, ‘Navigating the rising cost of living: Payments innovation as a game-changer’, to an array of cross-party MPs and representatives from regulatory bodies......
BitPay Debuts Bill Pay, Enables Users to Pay Bills with Cryptocurrency
Cryptocurrency Digital Payments News

BitPay Debuts Bill Pay, Enables Users to Pay Bills with Cryptocurrency

PR Newswire
by PR Newswire0
BitPay Bill Pay makes paying bills with crypto as convenient and secure as any other payment method BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, announced the launch of BitPay Bill Pay, a new solution that allows cryptocurrency users to pay bills directly from their crypto wallets. From credit......
Experian Expands Coverage For Real-time Income And Employment Verification
Lending Mortgage News

Experian Expands Coverage For Real-time Income And Employment Verification

Business Wire
by Business Wire0
New Experian Verify enhancement empowers consumers to provide permissioned access to their payroll accounts In an effort to help lenders quickly and easily verify income and employment information, Experian announced consumers can now choose to share information directly from their employers’ payroll service through Experian Verify when applying for credit,......
Banking Fintech Mortgage News

Homeowners Are Protected From “Zombie Mortgages” By New CFPB Regulations

Fintech Staff Writer
by Fintech Staff Writer0
What is “Zombie Second Mortgage”? The origin of these “zombie” mortgages may be traced back to “piggyback” mortgages, when a mortgage, also known as a “80/20 loan,” consisted of a first lien loan for 80% of the home’s value and a second lien loan for the remaining 20%. The second......
OnPoint Community Credit Union Opens First Corvallis Branch in Local Fred Meyer
Finance Fintech News

OnPoint Community Credit Union Opens First Corvallis Branch in Local Fred Meyer

PR Newswire
by PR Newswire0
New location provides the community with easy access to a full suite of financial services, financial education tools and resources OnPoint Community Credit Union will open its first branch in Corvallis on May 15, 2023, increasing the community’s access to financial services. OnPoint’s new Corvallis Branch, located in the Fred Meyer at 777 NW Kings Blvd., is......
San Diego Wave FC and PenFed Credit Union Announce Multi-Year Partnership
Fintech News

San Diego Wave FC and PenFed Credit Union Announce Multi-Year Partnership

PR Newswire
by PR Newswire0
PenFed Credit Union named presenting sponsor of Military Appreciation Night at Snapdragon Stadium San Diego Wave Fútbol Club announced a multi-year partnership with PenFed as the Official Credit Union of Wave FC. PenFed Credit Union, the nation’s second-largest federal credit union, will serve as the presenting partner of the Wave’s......
After Record Year, Sterling Mortgage Income Fund -- Canadian Trust Plans Special Distribution for Unitholders
Fintech Funding Mortgage News

After Record Year, Sterling Mortgage Income Fund — Canadian Trust Plans Special Distribution for Unitholders

Fintech News Desk
by Fintech News Desk0
Unitholders in the Fund will soon get a special dividend in addition to their 7% annual preferred earnings after another strong performance in 2022 After a record year of strong returns, unitholders in Sterling Mortgage Income Fund – Canadian Trust, who Sterling Financial Group Inc. is the Investment Manager of,......
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