Luminent Mortgage Capital Inc., San Francisco, has entered into a $1 billion warehouse facility with Greenwich Capital Financial Products Inc., according to Luminent.Of that total, $250 million is on a committed basis, the company said. Luminent, a real estate investment trust, can be found on the Web at http://www.luminentcapital.com.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
10m ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
18m ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
2h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25