Real estate investor Russel S. Bernard has announced the formation of Westport Capital Partners LLC, a firm that will specialize in opportunistic real estate investments.Mr. Bernard, 47, was most recently the real estate group portfolio manager at Oaktree Capital Management LLC. Before that, he was a managing director and portfolio manager of The Distressed Mortgage Fund at Trust Company of the West. Westport will be geared to institutional and private clients.
This data release means another milestone for the use of updated credit score models than the current FICO Classic has been met by Fannie Mae and Freddie Mac.
The real estate and fintech company completed the purchase of 100% of Mortgage One Group, marking a major step in its push into AI financing.
The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
The Department of Housing and Urban Development got 67 responses to its request for information regarding the FHA program's Minimum Property Requirements.
Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
