Is credit card giant American Express contemplating an entry into residential finance? Such talk was making the rounds the past few weeks, but we're told the inquiries were preliminary. What makes this rumor interesting is that it may be a sign that some franchises have become so cheap that smart investors are giving mortgage banking another look. Then again, when companies like MetLife head for the exits, you have to wonder. Of course, MetLife is publicly traded. Public firms have less of a stomach for the business…
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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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The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
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