Wells Fargo commercial servicing sale makes Trimont a leader
WEBAug 20, 2024 — Wells Fargo plans to exit the third-party, non-agency commercial mortgage servicing business through a sale that will make the buyer a leader in one portion of the U.S. market. For reprint and licensing requests for this article, click here. Smart mortgage lenders are evaluating the effectiveness of their software tools in order to drive ...
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WEB4 days ago — News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
2021's Top Producers, Nos. 1-50 - National Mortgage News
WEBApr 12, 2021 — For the first time in the 23-year history of National Mortgage News' survey, there is a billion dollar producer at the top of the list. Christopher Gallo, a senior loan officer at NJ Lenders Corp. in Ho-Ho-Kus, N.J., logged …
Homeowners insurance a hidden risk for secondary market
WEBAugust 12, 2024, 11:17 a.m. EDT 8 Min Read. Homeowners insurance is labeled as one of the hidden costs for property owners, and their escalating prices could have an impact on the secondary and capital markets, in terms of loan salability and performance. Brad Finkelstein. Originations Editor, National Mortgage News.
House flipping loans could get a boost from Wall Street bond …
WEBJan 25, 2019 — In California alone, the percentage of flips purchased with financing was 48% in 2017, compared to 36.5% in 2014, according to a LendingHome report based on data from the lender and Attom. During 2017, 48,020 homes were purchased in the state to be flipped, compared with 28,646 in 2014. The current growth in financing is …
CFPB issues $2M penalty against VA lender - National Mortgage …
WEBAugust 29, 2024, 6:42 p.m. EDT 2 Min Read. The Consumer Financial Protection Bureau has issued a $2.25 million dollar fine against a nonbank lender, accusing it of deceiving servicemembers with misleading cost comparisons. Newday USA, which specializes in Department of Veterans Affairs-backed mortgages, …
2021 Best Mortgage Companies to Work For
WEBMar 1, 2021 — By Brad Finkelstein, Bonnie Sinnock, Paul Centopani, Heidi Patalano. March 1, 2021 6:18 AM. National Mortgage News presents its third annual Best Mortgage Companies to Work For — an awards program dedicated to recognizing the industry’s premier employers and providing them with employee feedback highlighting their strengths and weaknesses.
Multifamily, commercial forecast signals change of fortune
WEBAug 30, 2024 — The 2024 forecast now anticipates there will be just $539 billion in new loans on income-producing properties this year, down from January's estimate of $576 billion. But the group's 2025 numbers suggest that originations could rebound to $665 billion next year. Lower market financing costs combined with a large number of loans likely to ...
Florida - National Mortgage News
WEBIn Southwest Florida, high home insurance rates are driving away would-be buyers. Homeowners from Sarasota south to Naples, known for its eight-figure waterfront mansions, are having a tougher time selling their properties, and the buildup in inventory has caused home prices to fall at some of the fastest rates in the nation. By Michael Sasso.
2021 mergers and acquisitions in the mortgage industry | National ...
WEBDec 26, 2021 — The $9.2 billion-asset Veritex said in a press release that it will pay $53.9 million in cash for a 49% stake in Thrive. The deal is expected to close in the middle of 2021. Thrive operates in several states, including Texas, Ohio, Colorado, Kentucky, North Carolina, Kansas, Virginia, Florida, Maryland and Indiana.