Home Point is shrinking but still losing money
Headwinds in mortgage remain strong. Home Point CEO Willie Newman said Home Point owners would consider a dialogue about a sale.
Headwinds in mortgage remain strong. Home Point CEO Willie Newman said Home Point owners would consider a dialogue about a sale.
Home Point Capital is seeking a successor to chief financial officer Mark Elbaum, who will depart the company in April.
Blank-check firm Aurora Acquisition Corp. has extended the deadline to complete its merger with Better.com for the third time.
The recent trend of mortgage lenders requiring less and less money down might actually be a boon for investors everywhere. In case you havenât noticed, big lenders like Wells Fargo and Bank of America only require 3% down for a home purchase, and lately the number has dropped to 1% down thanks to other players… Read More »How Risky Mortgages Might Make You Money
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Wholesale lender Homepoint rolled out its HELOC product in hopes of courting more brokers in a margin-compressed market.
As chief financial officer for UWM, Hubacker will oversee all financial aspects of the company, including accounting, internal and external reporting, financial compliance, tax, treasury and liquidity management, and budgeting and forecasting. Before joining UWM, Hubacker spent 18 years at Deloitte & Touche, most recently as a partner. He also served as vice president, assistant … [Read more…]
Government-sponsored enterprise Fannie Mae has added a new timing restriction for cash-out refinances that will become mandatory on April 1 following a similar move by competitor Freddie Mac. Fannie has updated its selling guide to require any first-liens the refi pays off to have a note date at least 12 months earlier than that of … [Read more…]
Does technology always trump personal skills? Sometimes. But not all the time. Good LOs use the technology that best suits them in combination with their personal attributes to help borrowers every day. âIn space, no one can hear you scream. In cyberspace, no one can shut you up.â How âbout some IT-related stuff? Hereâs a softball: did you know that âBluetoothâ was named after Harald Bluetooth? The Bluetooth wireless specification design was named after the king in 1997, based on an analogy that the technology would unite devices the way Harald Bluetooth united the tribes of Denmark into a single kingdom. Another good use of technology is exhibited by Tim Lucas who writes, âThere are more than 5 million Native Americans in the U.S. but only about 140 approved lenders. I created a Section 184 calculator that shows the required down payment, MI costs, and more. There’s also a flowchart and a ton of info about the program.â Thank you, Tim! Hereâs some more good news: Ransomware victims are refusing to pay, impacting attackersâ profits. (Todayâs podcast can be found here and this weekâs is sponsored by Milestones. Giving homeowners an all-inclusive homeownership experience including home value and equity monitoring, home maintenance reminders and how-to articles, cloud-based document storage, one-click access to hire professionals for various projects around the home, and much more. Todayâs has an interview with Milestones CEO Dustin Gray on turning leads and transactions into forever clients.)
Lawyers raised compliance questions regarding UWM’s âControl your Priceâ initiative. Meanwhile, other lenders want to copy it.
The leading wholesale mortgage lender in the nation has brought the heat once again, this time offering 30-year fixed mortgage rates below 2% on FHA loans. United Wholesale Mortgage announced that borrowers can now lock in interest rates as low as 1.99% on FHA-backed loans via its popular Conquest program. The new Conquest for FHA… Read More »United Wholesale Mortgage Now Offering FHA Loans with Rates Below 2%
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