Rutgers Investment Group Inc., a subsidiary of FirstPlus Financial Group, Irving, Texas, has announced an outsourcing agreement with HomeLoanAdvisors.com to provide mortgage processing and fulfillment services. Jack Roubinek, chief executive officer at Rutgers, said the pact allows both firms to do what they do best. "HomeLoanAdvisors.com manages the client contact, while we at Rutgers take care of the back-office work, pulling the whole package together for the borrower," he said. The companies can be found on the Web at http://www.firstplusgroup.com and http://www.homeloanadvisors.com.
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The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures.
3h ago -
Delinquencies among recent FHA originations are showing up alongside a notable volume of subordinate liens carried by the borrowers.
3h ago -
The share of sellers dropping their asking price fell in April as buyer demand picked up, though Sun Belt markets — especially in Texas — still saw widespread price cuts.
5h ago -
The real estate investment trust, while reporting a first quarter net loss, benefitted from growth and stable margins in its three mortgage production units.
6h ago -
The co-author of the landmark Dodd-Frank Act and progressive congressional trailblazer Rep. Barney Frank, D-Mass., has died.
6h ago -
The newest version of the House housing bill would make a ban on institutional investors owning some homes less harsh than the Senate version by removing a seven year mandate on selling build-to-rent homes.
May 19









