Two Illinois law firms specializing in mortgage creditor's rights have announced that they will merge as of Oct. 1.Shapiro & Kreisman LLC and Fisher and Fisher, Attorneys at Law, PC said the new firm will operate as Fisher and Shapiro LLC and maintain its principal office in Northbrook, Ill., as well as an office in Chicago. Elizabeth Kaplan Meyers will be the managing attorney for the combined operation. Gerald Shapiro, a partner in the new venture, said the merger is "a natural move for both of our firms, as the legal needs of our clients continue to require increased investment in technology as well as the retention of highly experienced attorneys and staff."
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28