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New Wave sues Sprout for defaulting on $32M purchase of mortgages

Housing Wire

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. After accepting Sprout’s written offer, the parties started the due diligence process. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. 20, 2022, to Feb.

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New Wave sues Sprout for defaulting on $32M purchase of mortgages

Housing Wire

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. After accepting Sprout’s written offer, the parties started the due diligence process. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. 20, 2022, to Feb.

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Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The reperforming-loan sale is slated to close by late October 2022, after due-diligence period.

Loans 378
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LauraMac appoints Rick Seehausen as chief strategy officer

Housing Wire

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings. where he will continue to serve in this role.

Loans 299
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Announcing the 2024 Class of Rising Stars!

Housing Wire

Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz (..)

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. Market conditions have certainly trended downward for residential or commercial real estate.

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From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. The lender needs to do their due diligence on the property you’re buying, too. Reputable lenders do due diligence before they give a preapproval letter,” Maggio says.

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