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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Investor 377
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The 2024 mortgage M&A playbook

Housing Wire

nationally, per Inside Mortgage Finance (IMF) estimates. When we’ve been in situations like this in the past, we’ve done the same thing where we want to continue to gain market share and, at the same time, add good sales and fulfillment talent to our franchise.” There were also a few cases of bankruptcy.

Mortgages 376
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Smart Rate, Michael Strauss no longer authorized to do business in Illinois

Housing Wire

“I broker business-purpose loans completely in a manner which is fully compliant with all laws and regulations and anything said to the contrary is incorrect,” Strauss told Inside Mortgage Finance (IMF) in early September. The address listed is 610 Park Avenue, New York, a residential property for sale for $19.9

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New American Funding eliminates hundreds of jobs

Housing Wire

In June of last year, New American Funding announced plans to expand its footprint across much of the country by hiring LOs and other sales staff. According to data from Inside Mortgage Finance , New American Funding originated $9.1 billion in the first six months of 2022, down 42.7% from the first six months of 2021.

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Why I Should Consider a Short Sale

Realty Biz

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? Are there any benefits of short sales compared to other options?

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Risk of mortgage fraud is on the rise in the current market

Housing Wire

Hill also was accused of defrauding his employer out of $480,000 in sales commissions. The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. percent in February 2022,” a March report by the Urban Institute ’s Housing Finance Policy Center states. Million — [Tampa, Florida].

Mortgages 382
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The 2022 housing market: A tale of two halves

Housing Wire

“With the economics of cash-out refinance worsening amidst higher rates , homeowners are showing increased willingness to use home equity lines of credit (HELOC) and home equity loans to tap equity,” a Housing Finance Policy Center report states. Layoffs, LOs leaving the industry for good.

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