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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CrossCountry Capital will partner with an Ares Alternative Credit fund and Hildene Capital Management after receiving $1 billion of equity capital commitments.
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The 30-year fixed rate mortgage was down another 9 basis points this week, Freddie Mac said, but much of this pricing was before the Federal Reserve meeting.
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Whereas AI can supercharge returns on investment in fulfillment and databases, the tech may also replace your entire staff, experts warned.
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The company will now consider loans up to $819,000 as government-sponsored enterprise-eligible, even though it cannot sell them to the agencies until Jan. 1.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
September 17