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Moody’s reaffirms ‘above-average’ quality rating for reverse mortgage servicer Celink

Housing Wire

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing contract and is a HECM subservicer for several major lenders. Celink assumed control of the HECM servicing contract with HUD in late 2022. The assessment scale ranges from SQ1 (strong) to SQ5 (weak).

Mortgage 333
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SERHANT. enters Orlando real estate market

Housing Wire

The Raumakers began their career in real estate in 2016 at Keller Williams before joining eXp Realty in 2018 and launching The Home Squad. “In A core focus for The Home Squad has always been agent development and empowerment, and we believe this mutual philosophy that we share with SERHANT. in violation of their contract.

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Cenlar FSB promotes leaders in wholesale bank division

Housing Wire

This includes setting pricing for prospective clients, managing pricing for existing clients as they renew their contracts, and identifying other opportunities to support Cenlar’s clients and their homeowners.

Valuation 317
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Opinion: Two legal issues relevant to FHFA’s review of FHLB system

Housing Wire

The most recent example of a decline in districts to ll resulted from the 2015-2016 merger of the Seattle and Des Moines institutions into a Des Moines District Bank. However, the smaller FDIC-insured institution members are permitted to obtain long-term advances to fund small business and community development activities.

Legal 300
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. A $175 million investment from private holding company StoicLane in October would be used to grow operations and refine and develop new technologies.

Mortgage 348
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

Merle Whitehead, who in 2016 sold his brokerage RealtyUSA to Howard Hanna Real Estate Services , “years ago, worked diligently to increase the share of buyers who were under contract to work with his agents,” says Murray. I was just too busy building the company, selling real estate and developing properties.”

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Why a California law to create housing units hasn’t worked

Housing Wire

Several startups are looking to capitalize on the passage of SB 9, including BuildCasa, a venture-backed firm that pays homeowners up to $400,000 for their excess lot space, handles all applications and other permits, and then sells the plot to a developer who can build on it.

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