Housing Wire
JUNE 28, 2023
United Wholesale Mortgage (UWM) announced this week that it has added four bank statement loan offerings for self-employed borrowers. To qualify for loans of up to $3 million with up to 90% loan-to-value (LTV), self-employed borrowers can now provide bank statements to verify income rather than tax returns, W2s or pay stubs.
Housing Wire
MARCH 14, 2024
Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. Similar to the arguments made by the plaintiffs and their attorneys in the commission lawsuits, the authors of the paper argue that despite technological advances, agents still take a “high percentage commission.”
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Housing Wire
JANUARY 11, 2023
If a consumer’s bank account number, for example, comes into an employee’s email, and that email is not deleted, what happens if that employee is allowed to take that laptop home? Or if it’s accidentally left in a parked car in a large parking lot or forgotten and left behind in a public place? Not a one-time, all-hands email from management.
Housing Wire
SEPTEMBER 11, 2023
Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually.
Housing Wire
SEPTEMBER 7, 2023
For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”
Housing Wire
JANUARY 14, 2022
That’s standard for Rochester, a city on the banks of Lake Ontario that quickly grew after the American Revolution and gave birth to Eastman Kodak and Xerox , but whose population has tumbled from around 350,000 in the mid-20th century to just over 200,000 today. It left us breathless. In addition, the sale-to-list price ratio was 106.3%
Housing Wire
MARCH 6, 2024
In turn, the bank is expanding its board of directors, adding four new seats to include Mnuchin, the former Comptroller of the Currency Joseph Otting, Allen Puwalski from Hudson Bay, and Reverence Capital’s managing partner Milton Berlinski. ” On a call on February 7, management told analysts that the bank’s total liquidity was $37.3
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