Wells Fargo hints at how it will downsize its servicing portfolio

By: ameer@trustedteam.com

Wells Fargo offered more details about its approach to downsizing its involvement with mortgages during its earnings call, which revealed that its profitability has been halved compared to last...

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Fed survey: Home Loan bank advances are popular liquidity fallback for banks

By: ameer@trustedteam.com

Federal Home Loan bank advances are a popular option for banks facing falling reserve balances, a recent survey from the Federal Reserve found.Among banks that are members of the...

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Mortgage pros, quit overcomplicating the task at hand

By: ameer@trustedteam.com

“Dominate The One’s” was born out my appreciation for a tactic that was taught to me some 32 years ago and my frustration with how we in sales try...

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HUD proposes remedy to reduce appraisal bias

By: ameer@trustedteam.com

The Department of Housing and Urban Development is taking tangible measures to wrangle appraisal bias by giving Federal Housing Administration loan applicants the opportunity to challenge a property valuation.It...

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Investing in Distressed Mortgage Notes

By: ameer@trustedteam.com

Performing mortgage notes vs. nonperforming mortgage notes If you’re a real estate investor, you might be interested in learning about performing Mortgage Notes and nonperforming notes. These two types of...

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MFS selects OMS as primary origination platform partner

By: ameer@trustedteam.com

Market Financial Solutions (MFS) has chosen One Mortgage System (OMS) as its primary origination platform partner. The partnership will help landlord and broker interaction and will provide a platform to...

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LSL sells two firms to private equity firm Pivotal Growth

By: ameer@trustedteam.com

LSL has sold Group First – which comprises Mortgage First and Insurance First – and RSC New Homes to Pivotal Growth. Both firms specialist in the new-build sector. Pivotal Growth was...

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FHA One-Time Close Construction Loan Limits Are Higher In 2023

By: ameer@trustedteam.com

January 13, 2023 If you want to build a home from the ground up using an FHA One-Time Close Construction Loan, there’s good news for you in 2023. Your buying...

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ONS reports flat growth for monthly construction output in November

By: ameer@trustedteam.com

Monthly construction output is estimated to have flat growth (0.0%) in volume terms in November last year, the Office for National Statistics reveals. The latest data follows a downwardly revised...

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Newcastle Intermediaries adds range of 60% and 80% LTV two-year fixes

By: ameer@trustedteam.com

Newcastle Intermediaries has launched a range of 60% and 80% loan-to-value (LTV) two-year fixed-rate mortgage products. A two-year fixed rate at 4.75% (5.0% APRC) up to 80% LTV has an...

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