The news that the privately held Prospect Mortgage of Sherman Oaks, Calif., has hired industry veteran Amy Brandt to head its foray into both servicing and correspondent lending should surprise no one. Brandt is a well respected mortgage manager who knows the business inside and out. Her ascension there is just another signal that nonbanks see a major opportunity in residential finance – despite all the talk of how Basel III
Providence, Rhode Island, headed Zillow's hottest rental markets list, beating out New York and San Francisco, the company announced Monday.
Department of Housing and Urban Development officials indicated that there are improvements in some delinquency stages and cure rates are better than expected.
In a settlement agreement last year, the bank will assist low- and-moderate income borrowers residing in, or buying homes in such Census tracts.
All of the Las Vegas-based company's channels, including Alterra Home Loans and Travisa Financial, will go by SimplyPMG, it announced Monday.
Secondary market experts are split on whether the Fed's next move will be a rate decrease in 2027 or an increase, as more observers are now thinking.
When a company adds a new mortgage from an investor or pilots a new concept, how well it goes depends on margins and liquidity as well as loan officers.
