Down Payment Resource, Atlanta, said its analysis of mortgage loan applications found nearly one-third of declined mortgage loan applications are both declined for reasons that can be addressed with homebuyer assistance and eligible for homebuyer assistance programs.
Tag: Down Payment Resource
Industry Briefs May 19, 2022: Narrow Gauge Capital Acquires Inco-Check LLC
Inco-Check LLC, Boston, announced Narrow Gauge Capital completed acquisition of a majority interest in the company.
Industry Briefs May 12, 2022: Planet Home Lending to Acquire Homepoint Correspondent Assets
Planet Home Lending LLC, Meriden, Conn., entered into a definitive agreement to acquire certain assets of the delegated correspondent channel of Home Point Financial Corp., a mortgage originator and servicer and a subsidiary of Homepoint Capital Inc.
Industry Briefs Apr. 28, 2022: FHFA Announces GSEs’ Duty to Serve Plans for 2022-2024
The Federal Housing Finance Agency published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve Program., which outline the government-sponsored enterprises’ commitment to serving manufactured housing, affordable housing preservation and rural housing.
Housing Market Roundup Apr. 21, 2022
Here is a summary of housing/economic stories that recently came across the MBA NewsLink desk:
Industry Briefs Mar. 25, 2022: CFPB Targets ‘Unfair Discrimination’ in Consumer Finance
The Consumer Financial Protection Bureau announced changes to its supervisory operations it says will better protect families and communities from illegal discrimination, including in situations where fair lending laws may not apply.
Index Cites Gains in Home Buyer Assistance Programs
Down Payment Resource, Atlanta, said results of its latest Homeownership Program Index showed measurable quarter-over-quarter gains in program funding levels and an increased prevalence of programs aimed at assisting community heroes.