More than earning a profit, a good lending program goes above and beyond to completely change a homeowner’s life for the better. This is what JPMorgan Chase is doing through their $30 billion Racial Equity Commitment through Correspondent Community Lending Program. David Lykken and Marc Helm explore this even deeper with Taeko Bashaw, the program’s … [Read more...]
03-01-2023 The Townstone Financial Case: CFPB, ECOA, and Fair Lending with Mitch Kider of WBK Firm
The Townstone Financial Case is the second suit against the CFPB (Consumer Financial Protection Bureau), which has been aggressively pursuing redlining claims against independent mortgage bankers over the past couple of years. This time, it lost, and this landmark case gives us key takeaways on just how much power should be in the hands of the CFPB … [Read more...]
01-31-2022 Weekly Updates With Alice, Allen, Matt, Les, and Rob
The first half of the Lykken on Lending program will feature our Weekly Updates....to read more info about our regulars and weekly updates go to our website! --- Weekly Updates With Alice, Allen, Matt, Les, and Rob It is January 31st, 2022. This show is created by mortgage professionals. It is for mortgage professionals. We're so grateful to … [Read more...]