NYCmortgageLO posts on the Mortgage Grapevine that a client had a large deposit in his or her bank account in March, but no large deposits in the more than 90 days since. The borrower is doing a rate/term refinance and the underwriter wants NYCmortgageLO to source that deposit.
The poster is asking that under Freddie Mac's guidelines isn’t that deposit considered seasoned?
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Alongside a bill that gives homeowners a year of forbearance after state-declared emergencies, lawmakers will consider extending wildfire-related moratoriums.
United Wholesale Mortgage is one of multiple home lending partners Dan Sogorka and Mike Fawaz's new company plans to bring on board.
Assistant Secretary for Fair Housing and Equal Opportunity Craig Trainor encouraged the real estate industry to reconsider advice received from DEI experts.
Real is acquiring Motto's parent Remax in a deal valued at $13.80 per share, as the new Real Remax Group will have "two distinct models, one platform."
Sen. Thom Tillis, R-N.C., said on Sunday that he no longer opposes Kevin Warsh's nomination to serve as chair of the Federal Reserve following the Justice Department's announced closure of its inquiry into current Fed Chair Jerome Powell.
The office, which follows the state's criminalization of the white-collar fraud, will flag suspicious property filings and improve data-sharing across agencies.
