2015 Contracts Legal Lending 
Housing Wire
NOVEMBER 3, 2023
Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Change is proud to be certified as a CDFI and to continue our mission,” Carlos Salas, CEO of Change Lending, said in a statement.
Housing Wire
JUNE 6, 2023
Mid Valley, which started doing business with UWM in June 2015, sent at least 62 mortgages to Rocket and Fairway, the lawsuit claims. Mat Ishbia , UWM president and CEO, said in a statement, “It’s very unfortunate to see a company like Mid Valley breach their contract, but we’re going to continue to do what’s right for the broker community.”
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Housing Wire
FEBRUARY 25, 2022
The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.
Appraisal Today
DECEMBER 8, 2023
The process took several years of securing building permits, and the house was completed in 2015. The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”…
Appraisal Today
MAY 10, 2024
There is administrative time involved, as well as legal factors. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. From 2015 to 2018, there were 5 significant fires. In September 2015, a fire destroyed nearly 2,000 buildings and killed at least four people.
Simonson Real Estate
DECEMBER 6, 2022
Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time. Prospective Values.
Simonson Real Estate
JULY 10, 2020
The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.
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