Option One Mortgage Corp., Irvine, Calif., has announced the formation of a partnership with San Diego-based Prado Mortgage to help expand Option One's services to the Hispanic community and help Prado better serve its customers.Option One said the partnership was developed through its working relationship with Prado chief executive officer Gary Acosta and its involvement with the San Diego-based National Association of Hispanic Real Estate Professionals. Success in developing products for the Hispanic market "requires relentless innovation, so we wanted to align ourselves with a major lender that takes that approach to product development," Mr. Acosta said. Details of the alliance were scheduled to be announced at NAHREP's Hispanic Marketing Convention & Expo. Option One, a residential lender and a subsidiary of H&R Block, can be found online at http://www.optiononemortgage.com.
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Small businesses located near HUD's historic headquarters claimed the department's decision violated laws requiring that its offices stay in Washington, D.C.
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This data release means another milestone for the use of updated credit score models than the current FICO Classic has been met by Fannie Mae and Freddie Mac.
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The real estate and fintech company completed the purchase of 100% of Mortgage One Group, marking a major step in its push into AI financing.
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The Department of Housing and Urban Development got 67 responses to its request for information regarding the FHA program's Minimum Property Requirements.
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