A loan officer has posted on the Mortgage Grapevine that they are looking for a $900,000 loan with a 60% loan-to-value ratio for a purchase of an owner-occupied property. The complicating factor is that the borrower is in the process of getting a divorce (although the loan officer says the terms have been finalized) and the only source of income is alimony to come from the ex-spouse.
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First American claims Liberty National's owner changed the company's name immediately after a judge held her firm liable for an erroneous wire transfer.
Lender and servicer Loandepot, reeling from a larger loss in the first quarter, could use the potential funds to cover daily operations or repay debt.
Alongside its cloud-based brokerage, the company said the acquisition will transform eXp's existing infrastructure into a multi-model platform.
The opinion that supports national banks' ability to avoid paying interest on certain mortgage accounts in New York is unlikely to be the last word.
The latest offer, 70 cents per share higher than previously agreed to, equals the cash proposal made by UWM Holdings to win over Two Harbors' shareholders.
Employers hired an additional 115,000 workers in April, while unemployment remained unchanged at 4.3%. Despite the positive headline figure, a spike in newly unemployed workers and a rising number of underemployed workers suggests instability under the surface.
