Homeowners are used to refinancing their mortgage to borrow additional money, but some lenders also allow consumers to access extra funds parked in their driveway.
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FICO holds price for commitments as Pulte plans more action
FICO announced it will maintain its mortgage industry price for credit scores through tri-merge resellers at $10 for members of its Preferred Program.
Market HELOCs at local level, not broadly, to be successful
In an increasingly competitive business segment, having the data to do targeted marketing at the neighborhood level will help home equity application conversion rates.
Rocket, United Wholesale Mortgage add new members to c-suite
NEXA Lending also welcomed Andrew Deyo as leader of its Business Development Marketing program, and Flyhomes added three members to its leadership team.
Lenders tighten credit as rate hikes shrink refi market
Among the products disappearing from menus in September included those for cash-out refis and investor home purchases, the Mortgage Bankers Association said.
UWM scraps credit score minimums amid KBW downgrade
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