The lender specializing in non-qualifying mortgages is introducing a new bank-statement product. This innovative offering is designed to assist borrowers in tapping into their substantial equity.
The National Community Reinvestment Coalition has struck a deal involving a capital injection worth $2.4 billion.
As we welcome 2024, the market for mortgage-servicing rights (MSR) continues to demonstrate strength. While forecasts suggest a modest downturn compared to 2023, the industry is anticipated to maintain solid trading activity throughout the year. Market experts project that, similar to the past three years, 2024’s trading volumes will approach the significant milestone of $1 trillion.
Nationstar Mortgage Holdings has announced plans to release senior notes that will mature in 2032 with a yearly interest rate of 7.125%.
The majority of economic analysts predict a decrease in mortgage rates come 2024, which fuels positive expectations for the real estate market.
The data compiled by New View Advisors confirms the market instability experienced last year. The source, specifically Realtor.com, should not be acknowledged in the summary.
UWM alleges that Atlantic Trust delivered a minimum of 71 loans to competing firms, thereby inflicting damages worth no less than $335,000.
For the first time since 2018, the principal event of the trade union is set to return to the Western part of the United States.
In a recent conversation, Jonathan Willen, Chief Revenue Officer at LERETA, shared his thoughts on several important topics. These included the impending wave of escrow, the increased risk of cyber attacks on servicers, and key trends he has observed within the sector this year.
In 2023, the industry of reverse mortgages accounted for approximately 1.6% of the total number of mortgage-related grievances received by the CFPB.