Author: PROGRESS In Lending

According to data from FormFree, only one in four Americans thinks their credit score is an accurate reflection of their financial status, new research suggests.

On Wednesday, June 28, 2023, staff from the CFPB’s Office of Regulations will host a RegCast on the small business lending rule. 

Planet Home Lending, LLC solidified its position as a Mortgage Servicing Rights (MSRs) investor with a $10 billion bulk acquisition from Village Capital & Investment LLC, Henderson, Nevada. 

ICBA Services Network, the business-services subsidiary of the Independent Community Bankers of America (ICBA), announced the election of Robert Barnes, president and CEO of Priority One Bank in Magee, Miss.; Ruth Christopher, secretary of Amador Bancshares Inc. in Las Cruses, N.M.; and Doug Ouellette, chief community banking officer of Mercantile Bank in Mt. Pleasant, Mich., to its board of directors.

ATTOM released its first-quarter 2023 U.S. Home Flipping Report showing that 72,960 single-family homes and condominiums in the United States were flipped in the first quarter. Those transactions represented 9 percent of all sales.

MBA Education, the education division of the Mortgage Bankers Association (MBA), announced that Rodrigo Lopez, CMB, Chairman of AmeriSphere Companies and MBA’s 2017 Chairman, will lead its Commercial/Multifamily Future Leaders Program beginning October 17, 2023. Lopez will take the helm from Sam Davis, President of Davis Advisors, LLC, who is retiring from the role and will be recognized at MBA’s Annual Convention and Expo, held October 15-18 in Philadelphia.

VyStar Credit Union, the 13th largest credit union in the country, and TransUnion (NYSE: TRU) have forged a new partnership to promote more financial inclusion in the mortgage sector. VyStar will leverage TransUnion and FinLocker data through its latest product, Dream2Own, to better serve its members during and well before the mortgage process, leading to more homeownership opportunities.

Mortgage applications increased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 16, 2023.