Tag : mortgages

More Data Means More Creditworthy Mortgages with VantageScore 4.0 versus FICO 10T
Credit Bureaus Mortgage News

More Data Means More Creditworthy Mortgages with VantageScore 4.0 versus FICO 10T

Business Wire
by Business Wire0
Over 5 Million Creditworthy Mortgages Excluded from the New Fannie and Freddie Historical Mortgage Data Set Due to FICO’s Obsolete Methods VantageScore 4.0 Includes 5 Million More Creditworthy Mortgages Compared to 10T, a $1 Trillion Origination Opportunity for Mortgage Lenders Incrementally Scored VantageScore 4.0 Borrowers Demonstrate Comparable Risk Versus Legacy......
HELOC Just Got Better for New England Homeowners: Machias Savings Bank Partners for Enhanced Digital Lending in Manchester, NH
Banking News

HELOC Just Got Better for New England Homeowners: Machias Savings Bank Partners for Enhanced Digital Lending in Manchester, NH

Cision PRWeb
by Cision PRWeb0
Machias Savings Bank has strengthened its digital lending platform through a new partnership with Vikar Technologies and has established its first branch in Manchester, New Hampshire, to serve the region’s growing home equity financing needs. A recent partnership between Machias Savings Bank and Vikar Technologies brings enhanced digital lending capabilities to......
87% of American Borrowers are Overpaying for Their Mortgages, Costing Households $65B Annually
Finance Mortgage News

87% of American Borrowers are Overpaying for Their Mortgages, Costing Households $65B Annually

Business Wire
by Business Wire0
Bankrate study reveals the “hidden homeownership tax” — an annual drag of over $3,300 annually on household wealth that penalizes borrowers across every income level, age group, and credit tier New Bankrate research finds 87% of American mortgage borrowers are likely overpaying for their home loans as of 2025. It’s......
Angel Ai Bypasses Biased Bankers and CPAs, Delivering 5-Minute Warranted Loan Decisions Directly to Borrowers
Banking Finance News

Angel Ai Bypasses Biased Bankers and CPAs, Delivering 5-Minute Warranted Loan Decisions Directly to Borrowers

EIN Presswire
by EIN Presswire0
Eliminating human biases and bottlenecks of traditional banking, AngelAi’s financial AI dismantles “nightmare” loan closings with flawless, autonomous execution Sun West Mortgage Company and Celligence today announced a monumental leap forward in mortgage technology: Angel Ai (www.angelai.com) has achieved fully automated income calculations. The advanced Financial AI can now accurately......
Community First National Bank Expands Reverse Mortgage Services Nationwide Through Reverse Solutions Division
Banking Mortgage News

Community First National Bank Expands Reverse Mortgage Services Nationwide Through Reverse Solutions Division

EIN Presswire
by EIN Presswire0
Lenexa, Kansas-based lender offers FHA-insured and jumbo reverse mortgages to homeowners 62 and older across all 50 states Community First National Bank, a federally insured community bank headquartered in Lenexa, Kansas, has announced expanded availability of its reverse mortgage services through its dedicated Reverse Solutions division. The division offers Home......
Global Mortgage Group Closes $18M Asset-Based Bridge Loan in 8 Days for Chinese Tech Founder in Los Angeles
Finance Mortgage News

Global Mortgage Group Closes $18M Asset-Based Bridge Loan in 8 Days for Chinese Tech Founder in Los Angeles

EIN Presswire
by EIN Presswire0
An $18M asset-based bridge loan closes in just 8 days, demonstrating GMG’s expertise in cross-border luxury real estate financing. America Mortgages delivers 8-day closing for prominent entrepreneur amid company sale, demonstrating unmatched velocity in cross-border UHNW real estate financing Global funding reach paired with deep local expertise uniquely positions us......
America Mortgages Closes $25M Cross-Coast Bridge Loan for UAE Investor in 10 Days
Fintech Funding Mortgage News

America Mortgages Closes $25M Cross-Coast Bridge Loan for UAE Investor in 10 Days

EIN Presswire
by EIN Presswire0
America Mortgages funds $25M Manhattan and Beverly Hills bridge loans for a UAE UHNW investor, executing a complex cross-border transaction in 10 days. 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲𝘀 𝗖𝗹𝗼𝘀𝗲𝘀 $𝟮𝟱 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗖𝗿𝗼𝘀𝘀-𝗖𝗼𝗮𝘀𝘁 𝗕𝗿𝗶𝗱𝗴𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗦𝗮𝗺𝗲 𝗗𝗮𝘆—𝗨𝗔𝗘 𝗕𝗶𝗹𝗹𝗶𝗼𝗻𝗮𝗶𝗿𝗲 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗠𝗮𝗻𝗵𝗮𝘁𝘁𝗮𝗻 𝗣𝗲𝗻𝘁𝗵𝗼𝘂𝘀𝗲 𝗮𝗻𝗱 𝗕𝗲𝘃𝗲𝗿𝗹𝘆 𝗛𝗶𝗹𝗹𝘀 𝗘𝘀𝘁𝗮𝘁𝗲 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗶𝗻 𝗥𝗲𝗰𝗼𝗿𝗱 𝗧𝗶𝗺𝗲 What makes GMG and......
Banking Digital Payments Featured Finance Fintech

Digital and Retail Banking: What Will Redefine Banking Concepts?

Fintech Staff Writer
by Fintech Staff Writer0
The digital revolution has fundamentally reshaped the banking landscape, with online and mobile platforms now at the forefront of financial services. As digital transactions dominate, the relevance of physical bank branches has been brought into question. Yet, contrary to predictions of their extinction, physical branches remain an integral part of......
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......
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