Write Way Solutions, Phoenix, has announced the introduction of a new service to help lenders create more effective mortgage marketing letters.Company owner Tom Trush said many such letters "are focused more on trickery" than on providing useful information. "My objectives are focused on writing results-oriented copy that stresses a lender's capabilities using honest offers that are targeted toward a specific consumer," he said. As part of the launch, the company is offering two free reports: "9 Hidden Secrets to a Powerful Mortgage Marketing Letter" and "8 Sure-Fire Tips for Enticing Readers in Your Mortgage Marketing Letters." The company can be found online at http://www.writewaysolutions.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