Mortgage Grapevine poster Concerned American has started a thread titled “To all of you out there whining at me for being a rehab guy.” He notes that hedge funds have
These larger investors, he said, are buying foreclosures, thus keeping them from first-time buyers.
“Their buying is what is driving up home prices. Any complaints on them being vultures or bad guys?” The Grapevine’s response is at
These originators had the highest combined volume of Federal Housing Administration, Veterans Affairs and U.S. Department of Agriculture mortgages last year.
Rocket Cos. fell just $200 million short of United Wholesale Mortgage in Q1, as servicing recapture from its massive MSR portfolio fueled $44.7B in closed loan volume.
The buyer will add around 800,000 loans to its hefty servicing portfolio, while Valon said it will shift away from servicing to focus on technology.
The new law, which will mandate the Bureau of Indian Affairs to approve or deny loan applications within 30 days, passed with wide bipartisan support.
The real estate technology company reduced its workforce and consolidated select vendor relationships. These moves will save the company roughly $2 million.
The lenders' examples of using generative artificial intelligence were more practical than transformational, but in any case data challenges represent a common problem.
