For some strange reason American International Group has stopped reporting the mortgage insurance activity of its MI subsidiary, United Guaranty Inc. of Greensboro, N.C. to National Mortgage News. We asked nicely, but the firm won’t tell us how many new MI policies UGI wrote in the first quarter or the volume of its insurance-in-force. Nothing much could be found in AIG’s recent 10-Q either. Two years back bottom fisher Wilbur Ross was looking to buy UGI at a fire sale price, but AIG balked on the deal…
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Opponents argued that Provident Bank, which bought Lakeland in 2024, had yet to disburse millions of dollars remaining on a mortgage subsidy fund.
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The competitive and controversial leader, who will stay on the board, oversaw rapid growth but also a massive downsizing, and a notorious mass firing over Zoom.
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The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
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Mortgage servicers would like to shed responsibility for second liens but they may be exchanging one set of workflows for others.
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The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.
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The market is bifurcated into those looking for affordable housing outside of metropolitan cores and high-end buyers prioritizing lifestyle. Still, both groups are looking south.
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