Posts Tagged: lenders

Opinion

‘Fintechs’ and California’s mortgage market: We need a fix

Illustration of a perspn getting mortgage information online. (Image: Rawpixel.com, via Shutterstock)

OPINION: When Californians think about home mortgages, we typically think of banks. But the top three mortgage lenders in California aren’t banks, they’re financial technology or “fintech” lenders. Typically known as nonbanks, they generally operate online only, have no branches and take no deposits.

Opinion

‘Fintechs’ and California’s mortgage market: We need a fix

Illustration of a perspn getting mortgage information online. (Image: Rawpixel.com, via Shutterstock)

OPINION: When Californians think about home mortgages, we typically think of banks. But the top three mortgage lenders in California aren’t banks, they’re financial technology or “fintech” lenders. Typically known as nonbanks, they generally operate online only, have no branches and take no deposits.

Opinion

Credit bill will hurt loan availability

A bank customer receives cash from his savings account. (Photo: Syda Productions, via Shutterstock)

OPINION: The California Legislature has just passed AB 539, which will significantly reduce the ability of millions of Californians to access credit when needed. Legislators will tout the bill passing as a success, when in reality, it benefits a small group of lenders at the expense of everyday Californians with less-than-perfect credit.

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