American Home Bank, Orlando, Fla., has announced the introduction of Builder's Total Control, a turnkey mortgage operation for small to medium-size homebuilders.The program provides one-stop shopping financing packages to help builders compete with national and regional builders, the company said. "Larger builders have learned that they sell more houses, at higher prices, when they provide buyers with one-stop shopping for financing," said Jim Deitch, founder and chief executive officer of American Home. The company can be found online at http://www.bankahb.com.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
June 26 -
Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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