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Nations Lending, Carpenter Realtors launch Commitment Mortgage

Housing Wire

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We Nations Lending originated $3.43 Nations Lending originated $3.43

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FHFA releases fair lending final rule

Housing Wire

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. ” The National Association of Realtors (NAR) also expressed support.

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The LO edge in 2022? Realtors, Realtors, Realtors

Housing Wire

I think it’ll be a broken record but Realtors, Realtors, Realtors,” emphasized Rafael Montano, an LO at Rocket Mortgage. Rickey Green, community lending manager at Prosperity Home Mortgage, LLC , said that LOs can build a relationship with agents by adding value to an agent’s service.

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Non-QM lender NewFi launches correspondent lending channel

Housing Wire

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM Correspondent lending is also a relatively bright spot for a mortgage industry that’s suffered from low origination volume. from Q4 2022.

Lending 353
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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. The post Lone Peak Lending joins Panorama Mortgage Group appeared first on HousingWire.

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FHFA housing, condo co-op lending guidelines need improvement: Trade groups

Housing Wire

In addition, the groups “request transparency in the process of developing final guidelines for condo and housing cooperative lending requirements.” “Any In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. the letter states.

Lending 347
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Prosperity strikes deal to acquire JFQ Lending

Housing Wire

Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel. He said about 70% of Prosperity’s production comes from affiliate realtors.

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