Would-be home buyers now have easy access to a database of millions of mortgage applications through Homethinking.com, helping them see lenders who have the biggest presence in their market and details about the loans they've made. Providing a user-friendly way to access the Federal Reserve's Home Mortgage Disclosure Act (HMDA) database could help home buyers and real estate professionals choose a lender, and determine how past lending practices may affect particular markets as the credit crunch continues, said Homethinking LLC founder Niki Scevak. Scevak founded Homethinking.com in 2005 to help home buyers choose a Realtor based on actual transaction data. The company is expanding the concept to lenders with today's rollout of Mortgage.homethinking.com. Clicking on a state or c...
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