On the National Mortgage News website this morning we broke another story about Bank of America losing yet another top LO. In a recent interview with bank officials we were assured that (a)it hates to lose these top producers and (b)it is trying to keep as many as possible. Still, they are departing – and not just from the Southern California campus. We're told of departures in Texas and the East Coast as well. Stay tuned...
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.
The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
Mortgage servicers would like to shed responsibility for second liens but they may be exchanging one set of workflows for others.
The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.
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.
The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
