Fairway Independent Mortgage Corp., a mortgage broker/banker with over 100 branches nationwide, has established a reverse mortgage division."In order to properly service this growing segment, we knew we'd need to establish a division that ensures consistency and compliance," said Gary Nelson, vice president of national sales at Fairway. ".... As baby boomers age, more and more homeowners are becoming qualified for reverse mortgages every day. We're establishing a program to provide standardized delivery of reverse mortgages, so obtaining a reverse mortgage will be just as consistent, convenient, and straightforward as getting a standard mortgage from any Fairway location." Fairway can be found on the Web at http://www.fairwayindependentmc.com.
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The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
1h ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
3h ago -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
8h ago -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16 -
In a motion to dismiss UWM's suit, Ramon Walker argues the trademark infringement claim made by UWM is a "pretext to muzzle [his] criticism."
April 16 -
The Federal Reserve chair's comments coincide with the spring meeting of the International Monetary Fund and the World Bank Group in Washington. They also come as groups like the Basel Committee on Banking Supervision are being scrutinized.
April 16