Master Financial Inc., Orange, Calif., has announced the addition of a tool to its Web-based loan origination system that allows access to loan information through wireless devices such as cellular phones and personal digital assistants.The tool, 30Second Desk Mobile, is available through any cell phone or PDA with wireless Web browser capability that is HTML 3.2-compliant, the company said. "Whether sitting before their borrowers at a coffee shop or an open house, brokers can price and quote without the burden of bulky equipment or scrambling to find Internet access," Master Financial said.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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