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Homestreet enters agreement to merge with Mechanics Bank

Housing Wire

Mechanics Bank and HomeStreet Inc. Under the terms of the merger which was unanimously approved by the boards of directors of both companies HomeStreet Bank will be merged with and into Mechanics Bank. Webb, chairman of the board of directors of Mechanics Bank, said in a statement.

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Truework appoints Randy Lightbody to newly-created head of mortgage role

Housing Wire

” With more than 35 years of experience spanning mortgage banking and financial technology, Lightbody most recently served as chief revenue officer at Computershare Loan Services. Lightbody also previously served as CEO of New York-based RECOVCO , a national due diligence firm.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

This typically includes: Recent pay stubs Last two years tax returns Recent bank statements Proof of any additional income or assets Discuss the budget Once you have the mortgage pre-approval, have an open conversation about your client’s financial situation. This is when your buyers need you the most. Have you spoken to a lender?

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2025 will be a year of Non-QM player diversification

Housing Wire

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. But insurance companies arent the only players taking note of the potential here, and we could see banks re-enter the non-QM space.

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19 real estate agent tips for beginners to kickstart their careers

Housing Wire

Have at least six months of savings in the bank Selling real estate takes time. Have at least six months’ worth of living and business expenses in the bank before you quit your other job and go all-in on your new real estate career. Pro Tip Open a separate bank account just for taxes. So plan ahead. Ask for referrals.

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Lending beyond limits: eRESI’s perspective on the future of Non-QM loans

Housing Wire

Second, was to build an internal, proprietary loan tech platform tailored to our specific needs as a correspondent lender, managing interactions with originators, third-party due diligence vendors, servicers, and custodians. HW: Your space is something that’s becoming increasingly more competitive.

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How to Find Cash Home Buyers in Macon for a Hassle-Free Home Sale

HomeLight

Do your due diligence Carefully evaluate cash-for-home companies before committing to any offers. Always request proof of funds, such as a bank statement, to ensure they have the financial capability to complete the transaction. Receive your offer in 24 hours and close in as few as 10 days. Available to sellers throughout Macon.