Equus Resources Inc., Atlanta, has announced the launch of the Genesis Program, under which the company will work with churches and community groups to educate their members about alternative mortgage and insurance programs that can help them restructure their finances.The goal is to reduce monthly mortgage payments to enable families to obtain additional services, such as health or disability insurance or a college savings plan, the company said. Genesis includes first-time homeowner mortgage programs and downpayment assistance, credit repair programs, interest-only mortgages, and other public and private financial programs, Equus said. The first Genesis Program is scheduled for June 13 at a church community near Atlanta.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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