Habitat for Humanity Kansas City and NovaStar Financial Inc., Kansas City, Mo., have announced a pilot program under which NovaStar's mortgage servicing group is contributing personnel and systems to service mortgages owned by Habitat.The contribution, which is accompanied by job counseling and credit education for homeowners, frees the nonprofit group's resources for other activities, Habitat and NovaStar said. "NovaStar approached us last year with an idea for donating business expertise to help Habitat focus on our mission of broadening homeownership and revitalizing neighborhoods in our city," said Yahna Gibson, executive director of Habitat for Humanity Kansas City. "Nearly 150 families own Habitat for Humanity homes in Kansas City with active mortgages." The organizations can be found online at http://www.habitatkc.org and http://www.novastarmortgage.com.
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Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
5h ago -
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
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Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
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The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
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April 6 -
The White House's proposed 2027 budget would slash funding to the Community Development Financial Institutions Fund, the latest in an ongoing campaign from the Trump administration to dismantle the politically popular program.
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