LynxBanc Mortgage Corp., Boca Raton, Fla., has added to its offerings the ability to arrange multicurrency mortgage facilities for international buyers purchasing homes in South Florida by working with the United Kingdom-based Lloyds TSB Bank."Florida has the highest share of real estate buyers from overseas of any state, 15[%] on average," said Stephen Parnell, chief executive officer of LynxBanc. "This new mortgage facility offers the overseas buyer the opportunity to switch between eligible international currencies easily and inexpensively up to four times a year." LynxBanc can be found on the Web at http://www.lynxbanc.com
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Loandepot is arguing that its local rival, West Capital Lending, has no standing to sue it over the statute meant to protect consumers from predatory lending.
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Christopher Peterson, a law professor at the University of Utah and former senior advisors at the Consumer Financial Protection Bureau, is the latest top hire for a Democratic state stepping up consumer protection.
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U.S. District Judge James Robart found the complaint lacked statutory standing for a RESPA claim and the plaintiffs failed to identify any deceptive conduct.
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The sale comes several months after private equity firm Hale Capital Partners acquired the financially troubled company formerly known as Voxtur Analytics.
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Meanwhile, MISMO has updated its guide to incorporate the updated scores for use with mortgage insurers and VantageScore Solutions rolls out a new model, 5.0.
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The real estate investment trust struggled with legacy assets and its bottom line, but sees a path forward with non-QM, third-party originations and AI.
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