MortgageTree Lending, Modesto, Calif., has introduced a program designed to give independent mortgage brokerage companies greater control of the loan process.Under the Premier Broker program, brokers can underwrite loans, draw documents, sign off on loan stipulations, and offer MortgageTree's loan products from one central location, the company said. "Now, in addition to our successful net branching strategy, we're offering the Premier Broker option for highly motivated mortgage professionals who want to continue as independent brokers, yet who want greater control over the lending process as well as the growth and success of their businesses," said Diana Grossmann, executive vice president of MortgageTree. The company can be found online at http://www.mortgagetreelending.com.
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The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
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The product preserves borrower's first mortgage, and its potentially lower mortgage rate, without requiring the new monthly payments of a traditional HELOC, FOA says.
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The White House's proposed 2027 budget would slash funding to the Community Development Financial Institutions Fund, the latest in an ongoing campaign from the Trump administration to dismantle the politically popular program.
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Mortgage rates rising nearly 40 basis points from early-year lows have pushed some buyers out of the market, even as inventory and affordability remain better than a year ago, ICE Mortgage Technology found.
April 6 -
Lawsuits and probes are ramping up, and some courts have broadened the lending law's statute of limitations, said Bradley Partner Jonathan Kolodziej.
April 6 -
New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
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