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SPS to acquire Rushmore Loan Management Services assets

Housing Wire

SPS) has struck a deal to acquire certain assets of Texas-based Rushmore Loan Management Services LLC. million loans. According to a June ratings report from Fitch Ratings , Rushmore serviced approximately 376,000 loans totaling $64.2 Select Portfolio Servicing Inc. billion as of March 31, 2022.

Loans 329
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Bookkeeping as the Antidote to Property Management

GeekEstate

Today’s showcase: APM Help] Even tech-enabled property managers are just property managers and people-problems are impossible to solve with software alone. Enter APM Help, a team of software experts providing property managers with 50+ units, bookkeeping support, training, bank reconciliations, and on-demand consulting.

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Announcing the 2024 Tech100 Real Estate winners!

Housing Wire

courted.io/ Real Estate Sales New York, NY CoreLogic corelogic.com/ Real Estate Sales, Multifamily / CRE and Real Estate Data and Analytics Irvine, CA Constellation1 constellation1.com/

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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

With this update, we are further clarifying that borrowers must be qualified using no less than the note rate for 7- and 10-year ARMs that are not high-priced mortgage loans or higher-priced covered transactions,” a change that goes into effect immediately.

Loans 393
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NAF in talks to acquire Draper & Kramer Mortgage Corp.: sources 

Housing Wire

As part of the deal , NAF would acquire the residential mortgage arm of Draper & Kramer , a property and financial services group established in 1893 by Arthur W. If the deal goes through, the companies would have about 2,130 loan officers, which includes 1,884 from NAF and 251 from DKMC, per data collected as of Jan.

Mortgages 332
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Financing proves an obstacle for ADUs

Housing Wire

Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans. How to minimize tenant turnover using online property management tools. Turnover is a huge expense for landlords and property managers across the world.

Finance 375
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Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

Housing Wire

Is the mortgage industry offering fair access to loans? The report suggests that the mortgage industry may be neglecting its duty to offer all applicants fair access to loans. If a lender has a supposedly neutral policy that results in them denying loans to people of a protected class (i.e.,

Mortgages 342