MIT Lending, the New York City-based wholesale and correspondent lending division of MortgageIT Inc., has announced the recent opening of five new branch offices in California, Washington, and Florida.MIT Lending said the new offices in Seattle, San Diego, and Woodland Hills, Calif., will be overseen by R. J. Arnett and Sharon Bitz, both senior vice presidents of the company's Western region. Its new Florida offices, in Jacksonville and Tampa, will be managed by Shelley Fadida, a Southeast regional vice president with MIT Lending. The company said it plans to open eight more branch offices by 2005. MIT Lending can be found online at http://www.mitlending.com.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18