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LodeStar integrates with Stewart

Housing Wire

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday.

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These mortgage lenders have cut jobs in 2022

Housing Wire

Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. Rosemont, Illinois-based Interfirst Mortgage Co.

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USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

The bank has 197 active loan officers and 12 branches across the country. The firm said it often finds positions elsewhere at USAA for those affected and encourages the impacted employees to apply for roles within its bank, property and casualty insurance group, and life insurance company. It has offices in seven U.S.

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Do You Need 20% Down To Buy A Home?

PennyMac

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. However your PMI can be removed (by request) once you’ve hit a 78% loan-to-value ratio in some cases. Check with your Human Resources department to see if this is a benefit that is offered.