First Florida Financial Group LLC, Fort Myers, Fla., has launched a program under CashToolBox.com aimed at helping builders and Realtors sell more properties by enabling borrowers to get a mortgage approval through the use of equity in their owned properties, or a relative's. Eddie Hoskins, president and chief executive officer of First Florida, said CashToolBox.com lends 125% LTV Pre-Closing Cash against a property's equity by using Mortgage Approval Tools such as the Credit Score Optimizer, Down Payment Assistance Gifter, Cash Reserves Booster, and Debt-to-Income Reducer. "When they generate needed cash and apply their 'tools' to un-approvable mortgage loan applications, in many cases they're able to get a loan approval and closing that had seemed impossible," Mr. Hoskins said. The company can be found online at http://www.cashtoolbox.com.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




