FICO, VantageScore stand against FHFA’s delay of new credit score model

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The FHFA announced Monday it is postponing its search for alternative credit scoring models, but both FICO and VantageScore expressed disappointment over the agency’s decision. And this delay may have created more questions than answers as credit scoring companies are left wondering: Who will really come out on top?

Fifth Third Bank app combats student debt

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The weight of student debt can often be paralyzing, however an app launched by Fifth Third Bank has reportedly freed up $1 million worth of loan debt for its customers. The Fifth Third Momentum is available to any Fifth Third debit card user and can be used with more than 30 major student-loan servicers, both public and private.

June foreclosure starts plummet to lowest level in nearly 2 decades

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Foreclosure starts just plummeted in June to their lowest level in 17 years. What’s more, foreclosure inventory plummeted 30%, dropping below the 300,000 mark for the first time in nearly 12 years.

Housing finance reform’s gridlock problem: Affordable housing

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[Expert commentary] Housing finance reform remains the single largest piece of unfinished business of the housing crisis. And the single biggest factor standing in the way of that business is getting agreement on how to ensure that the GSEs serve all Americans, not just the wealthy.

3 big things I learned at Digital Mortgage Trailblazers

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The first ever fully digital mortgage just closed in Texas, and Notarize threw a party. I went there, had some drinks, ate some stellar food and got to peer into the mortgage industry’s crystal ball.

Angel Oak luring more loan officers with record mortgage origination volume

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“We’re growing in every aspect of our business,� says CEO Mike Fierman. “We don’t see that slowing anytime soon. In fact, we believe this is only the beginning.�

FHFA: Home prices see slight increase in May

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Home prices increased slightly in May, rising only 0.2% from April, according to the latest monthly House Price Index from the Federal Housing Finance Agency, demonstrating a continual slow down in home price gains for the market.

What’s worse than assembling furniture? The current mortgage lending process

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While many other industries have turned to technology to optimize manual processes, mortgage underwriting has continued to lag behind on digital transformation. But what if every origination wasn’t like putting together a piece of wobbly furniture?

Overstock.com Enters the Property Management Business

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It’s the first phase of the online retailer’s venture, which eventually will include a portal for consumers to rent and buy homes.

Brokerage Reinvents For Sale Signs With ‘Iconic’ Look

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The firm wants to give traditional property advertisements a flashy, high-tech makeover.