IndyMac Bank FSB, Pasadena, Calif., has announced a partnership with NeighborWorks America to sponsor the NeighborWorks Center for Foreclosure Solutions as part of an effort to implement a coordinated, nationwide foreclosure intervention strategy.The Center for Foreclosure Solutions focuses on outreach to homeowners in financial distress, with special attention to low- and moderate-income borrowers, by directing them to call 1-888-995-HOPE, a toll-free number where financial counselors are available around the clock. The program also includes online and face-to-face credit counseling. IndyMac can be found online at http://www.indymacbank.com, and NeighborWorks can be found at http://nw.org.
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Along with a 25% increase in production, Vishal Garg's scheme aims for monthly revenue growth of $7 million and a reduction of cash burn from $4 million to $0.
September 4 -
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
September 4 -
eXp World Holdings, the parent company of eXp Realty, and Kind Lending ended their mortgage joint venture, Success Lending, it was reported Wednesday.
September 4 -
The U.S. economy added 162,000 jobs in August, bouncing back from a surprise decline in July. The Fed's next interest rate decision will still hinge on next week's inflation reading.
September 4 -
As UAD 3.6's Nov. 2 mandate shrinks an aging appraiser pool, AnnieMac and Lower lean on AUS waivers and in-house teams to dodge 2022-style fee spikes and turn-time delays.
September 4 -
Mega investors, the smallest segment of non-owner occupied single family homebuyers, were responsible for one-quarter of the unit drop in second quarter sales.
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