The wholesale division of Rocket Mortgage, known as Rocket Pro TPO, is enthusiastically seeking to attract brokers through a variety of product improvements and services.
The financial support allocated for HUD-approved organizations offering counseling services, particularly in the area of reverse mortgages, will see a significant increase in 2023.
The high cost of extended care is undeniable. However, retirees could potentially find financial relief through the concept of reverse mortgages, as discussed by a financial consultant specializing in retirement planning.
360training.com, Inc., a company that offers regulated training online, has recently purchased Mortgage Educators and Compliance, an organization specializing in mortgage lending training.
In the early part of December, James Tuccori, a potential homeowner, initiated legal proceedings against @properties, making it the fourth instance of such a lawsuit concerning commission in the state of Illinois.
Cross Country Mortgage has asserted that it’s the pioneer mortgage lender to pledge to the distribution of MBS purely grounded on FICO Score 10 T.
In 2023, the home-equity lending industry saw significant growth, owed largely to the efforts of various freestanding mortgage banks extending their product lines throughout the year. Though there was a slight hiccup in the third quarter due to mortgage rates exceeding 7%, the sector held steady and thrived nonetheless.
As we step into 2024, various new and existing funding alternatives, grant schemes, and legal measures are being utilized to assist homeowners and constructors in generating essential infill housing. These mechanisms will contribute to some extent, but the necessity for savvy lenders to develop more dynamic financing solutions for Accessory Dwelling Units (ADUs) remains critical.
There’s a possibility that 2024 may emerge as an ideal time to apply fresh capabilities, with anticipated advancements in both mortgage rates and the availability of housing. However, this hinges on the condition that 2023 becomes a year worth remembering.
The market didn’t fare very well in 2023 and it seems that the upcoming period may follow suit. Continue reading for critical insights that you should be aware of.