Kondaur Capital Corp. of Irvine — an investor in non-performing mortgages — expects its work force to triple to 900 workers by year-end.In an interview with National Mortgage News, company chairman and CEO Jon Daurio described Kondaur's business of buying and selling troubled loans "as very good right now. We're definitely in a growth mode." Indeed, rumors abound that Kondaur is quite active in the market but Mr. Daurio declined to comment on specific deals except to say that his company currently holds about 2,500 loans on its books. (For the full story see the Monday edition of NMN.
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The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
48m ago -
The Department of Housing and Urban Development got 67 responses to its request for information regarding the FHA program's Minimum Property Requirements.
1h ago -
Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
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Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
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The fee hike, which also raises the cost of assumptions, is part of the House pay-as-you-go rules to support a proposed expansion of veterans benefits.
10h ago -
Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
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