Lending

Guaranteed Rate launches tech company
Guaranteed Rate launches tech company

The new technology streamlines workflow in the mortgage industry.

The Lending Issue: Ready, Set, Close!
The Lending Issue: Ready, Set, Close!

To help you best serve clients in these uncertain times, we consulted with three of the city’s top lenders to find out their expectations for 2021 and what changes caused by the pandemic are here to stay.

Bridge financing for developers takes a new form
Bridge financing for developers takes a new form

There’s no shortage of people borrowing money these days. The real challenge is matching up the right client with the right project, according to Gary Williams of Rothschild Capital Solutions.

Mortgage delinquency rates higher than 2019, but dropping
Mortgage delinquency rates higher than 2019, but dropping

“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.

Guaranteed Rate Super Bowl ad inspires positivity
Guaranteed Rate Super Bowl ad inspires positivity

The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.

Rice named Guaranteed Rate VP of Mortgage Lending in Illinois
Rice named Guaranteed Rate VP of Mortgage Lending in Illinois

Shaughnessy Rice was named vice president of mortgage lending for Guaranteed Rate in Illinois and will be based in Champaign, according to a press release. 

Loan limit boost of 7.4% good for Chicago buyers
Loan limit boost of 7.4% good for Chicago buyers

This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.

Mortgage market update: Lending standards tighten, but business is still brisk
Mortgage market update: Lending standards tighten, but business is still brisk

Four months after mortgage lenders started to tighten their standards in reaction to COVID-19-related uncertainty, Chicagoland lenders say they have yet to see a dramatic slowdown.

Think racial  disparities in  lending are a  thing of the past? Think again.
Think racial disparities in lending are a thing of the past? Think again.

Borrowing money can be a tricky undertaking for first-time homebuyers, but that’s long been the case in communities of color, where disparities in lending are a reality in the industry.

How has COVID-19 changed lending for Chicagoland brokers?
How has COVID-19 changed lending for Chicagoland brokers?

How has the latest drop in interest rates affected the businesses of Chicagoland brokers? Has their relationship changed with their most recommended lenders? These questions and more were answered by readers in our most recent survey.

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