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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 374
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Mortgage lenders, borrowers react to banks closures 

Housing Wire

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. retail residential mortgage applications. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said. The recent crisis impacted homebuyers in different ways.

Mortgage 367
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Mortgage stocks are in free fall. So what’s next?

Housing Wire

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. In an earnings call with investors, CEO Anthony Hsieh said loanDepot was “fishing from a lot more pond” than its biggest competitors – more diversified in its channel mix, able to generate tens of millions of top-of-funnel leads.

Mortgage 378
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Vishal Garg unveils Better’s new strategy as a publicly traded company 

Housing Wire

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. We partner with best-in-class agents, insurance companies and title companies.

Realtors 366
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How to Find a Property Manager Company in Ohio

The Robert Weiler Company

As an investor, you know that income-generating properties can bring a reliable monthly cash flow and build long-term wealth. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Join a local commercial real estate investor network.

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Investing in Commercial Property for Sale in Columbus, Ohio? The Complete Beginner’s Guide!

The Robert Weiler Company

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought!

Investing 138
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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Also, see why Columbus is a hot spot for commercial real estate investors. Being in a flood-prone area can seriously affect your insurance premiums and property value; it could also cause a great deal of aggravation and stress if you experience the wrath of Mother Nature. It’s what we do! Budget, budget, budget! Express, Inc.,