America's Senior Financial Services, Jupiter, Fla., is launching its "Branch Partners" origination platform.The company believes the new channel, its fourth, could contribute as much as $250 million in additional loan production in its first year. America's Senior has been planning such a division since July 2002. Initially, the company seeks to have 10 "partner" locations, and a percentage of their volume could be funded directly through America's Senior. Right now, the company is working to complete the funding needed to launch Branch Partners. Other channels at America's Senior include traditional mortgage lending, senior market (reverse mortgage) lending, and wholesale.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
July 9 -
Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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