USFN recently joined forces with the Second Harvest Food Bank of Metrolina, a nonprofit hunger relief organization that supplies food and grocery items to charitable agencies that assist people in need. On June 9, over 40 members of USFN, a not-for-profit association of select attorneys; trustee companies and associates in the default services industry, volunteered their time to the SHFBM's food drive program. This service project took place at SHFBM's main warehouse in Charlotte, N.C. and consisted of inspecting and sorting incoming food donations and essential household products from both individual and corporate donors. The sorted food and products will later be distributed to thousands of families, agencies and local food pantries throughout 19 counties in North and South Carolina.
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Four new mortgage acquisitions show how companies in home finance are prioritizing advanced technology in what has turned into the year of consolidation.
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On Aug. 14, over 30% of the loans sent to Fannie Mae and Freddie Mac from each company were scored using VantageScore 4.0.
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About 73% of potential buyers intend to purchase within the next year, up slightly compared to the first quarter, according to a Veterans United survey.
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After losing money on production in most quarters between 2022 and 2024, independent mortgage bankers have achieved five consecutive quarters in the black.
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So far, annual home lending growth is on track to slow, but not stop, with some positive developments surfacing amid broader challenges.
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The overall defect share saw the largest jump in four years, as changes in mortgage rates brought a shift in volume mix, according to ACES Quality Management.
August 18









