Radius Mortgage Capital LLC, San Diego, has selected GMAC Mortgage Corp., Horsham, Pa., to handle the special servicing of mortgage loans.Radius is a whole-loan mortgage investor that focuses on credit-sensitive and liquidity-impaired residential loans. GMAC Mortgage said it will provide interim and retained subservicing for Radius' complete portfolio of first and closed-end second mortgages. The companies can be found online at http://www.radiusmc.com and http://www.gmacsolutions.com.
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AD Mortgage sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing.
July 17 -
With margins remaining compressed, Bill Cosgrove sees mortgage industry consolidation continuing in the near future, and Union Home will be a player.
July 17 -
The large nonbank mortgage company is replacing a multibillion-dollar facility it took out last year before the Mr. Cooper and Redfin deals closed.
July 17 -
Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
July 17 -
Cities in two southern states dominate the list for real estate, affordability, and quality of life, according to WalletHub.
July 17 -
Jay Farner takes a majority ownership stake in Detroit's professional soccer franchise through the investment group he launched after leaving Rocket in 2023.
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