Nationwide Advantage Mortgage Co., Des Moines, Iowa, and the National Hispanic Corporate Council have joined forces to provide mortgage services for NHCC member corporations and employees.Nationwide Advantage, the mortgage affiliate of Nationwide, said it offers a 10-minute mortgage product that emphasizes speed, simplicity, and savings. The product is especially attractive to employers and organizations seeking to add a voluntary benefits program at minimal cost, the company said. "Our relationship with NHCC will be a valuable informational resource and provides the financial tools to lower the cost of buying and owning a home," said Robert Kallio, associate vice president of marketing for Nationwide Advantage. The company can be found on the Web at http://www.nationwideadvantage.com.
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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.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28