The residential primary servicer ratings of American Home Mortgage Servicing Inc. for prime, alternative-A, and home equity/home equity lines of credit products have been upgraded from RPS3 to RPS3-plus by Fitch Ratings.Fitch attributed the upgrades to operational and technological improvements to the company's servicing platform. As of June 30, AHMS serviced nearly 208,000 loans with an unpaid principal balance of over $43.5 billion, the rating agency said. AHMS is a subsidiary of American Home Mortgage Investment Corp., a real estate investment trust based in Melville, N.Y. Fitch can be found online at http://www.fitchratings.com.
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AD Mortgage sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing.
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With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.
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The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.
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Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
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Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
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Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
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