Secured Diversified Investment Ltd., Scottsdale, Ariz., has announced a joint venture agreement (through a mortgage lending services subsidiary) with Allpointe Mortgage that will enable SDI to originate, process, broker, and fund mortgage loans throughout the United States.Allpointe, based in Canonsburg, Pa., a suburb of Pittsburgh, is the mortgage banking subsidiary of National Real Estate Information Services. "Our new relationship with Allpointe Mortgage will allow SDI, and its sister companies, to greatly expand their business models and service offerings," said Jan Wallace, SDI's chief executive officer. The SDI subsidiary involved in the arrangement is Secured Lending LLC. The companies can be found online at http://www.secureddiversified.com and http://www.allpointe.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18