Housing Wire
NOVEMBER 1, 2022
Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .
Housing Wire
OCTOBER 25, 2021
“Omitting non-depository lenders, who currently hold a substantial portion of the mortgage lending market, from CRA monitoring leaves communities vulnerable to fair lending abuses in the New York State residential loan market,” the bill states. The state conducted the first nonbank CRA exam in 2009.
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Housing Wire
JANUARY 19, 2023
There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. In 2009, the Securities and Exchange Commission (SEC) charged two former executives at American Home Mortgage Investment Corp. Shocked employees didn’t receive their last paychecks.
Housing Wire
APRIL 7, 2022
In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. Before you do anything, you should ask your underwriter whether they will insure RON closings at all. How should you prepare for RON?
Miller Samuel
FEBRUARY 12, 2019
The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. And, in-turn, when the market falls, it will fall forever.
Listing Spark
DECEMBER 15, 2022
Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. Where can you find good sources of lending. It usually involves wrapping the existing mortgage and obtaining title insurance from a title company.
Housing Wire
DECEMBER 20, 2021
The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. Up to the task? billion at its peak in February 2021.
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