Hanover Capital Partners, Edison, N.J., has embraced imaging practices for providing due diligence and quality control services to its investor customers with the selection of BlitzDocs, the flagship product of Alpharetta, Ga.-based Advectis.Advectis said Hanover has also become a BlitzDocs Certified QC Provider and BlitzDocs Certified Due Diligence Provider. As a certified provider on the BlitzDocs collaborative document network, Hanover is prepared to receive imaged loan folders from lenders using BlitzDocs to perform QC and due-diligence review, Advectis said. Lenders and investors can deliver imaged loan folders electronically to Hanover by this method. Hanover can be found on the Web at http://www.hanovercapital.com, and Advectis can be found at http://www.advectis.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28