Housing Wire
MARCH 7, 2024
Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. My guess is we’ll do 10 or 11 deals this year in the $5.5
Housing Wire
FEBRUARY 21, 2023
Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The terms of the deal do not include the FOA commercial vertical’s financial assets, which are comprised of loans and securitizations, according to the 8K filing.
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Housing Wire
JUNE 24, 2022
Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.
Housing Wire
JUNE 22, 2023
In early May, the company launched a commercial servicing division led by James DePalma and Janina Woods. In May, Planet closed a $150 million increase to its conventional MSR facility because, “Naturally, companies need bigger lines as they grow,” Dubeck said. Planet was very active in MSR deals in the first half of 2023.
Housing Wire
JULY 31, 2022
Trusted by over 1 million users, NotaryCam’s eClose 360 platform allows borrowers to close anytime from pretty much anywhere. NotaryCam’s customers are the first to express their satisfaction with the company’s future-thinking approach to closings. The pandemic has brought extra hurdles for everyone. Rick Triola.
Housing Wire
SEPTEMBER 29, 2022
If the deal goes through, it would instead focus on other lines of business , such as reverse mortgages, commercial lending and home improvement. ” The post FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources appeared first on HousingWire. The company ranked no. 33 among the top U.S.
Housing Wire
FEBRUARY 15, 2024
As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending. Shant has an incredible network.
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