Optimal Blue’s newly launched mobile app for the Optimal Blue PPE – one of the industry’s most widely used product, pricing and eligibility engine – gives loan officers full product and search... Read more »
In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate’s managing director and a top-producing loan officer. “This is a... Read more »
There’s no higher honor than serving in the United States Military, which I deeply understand as a former Army sergeant. And, like many of my fellow service members, I’ve experienced firsthand the... Read more »
It was late 2022 and Mike was feeling the pressure. Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers... Read more »
Advisory – Implementation of Section 106, Eliminating Barriers to Jobs for Loan Originators, of S.2155 (9/3/2019) Source link Read more »
Jamison Properties’ loan on an office complex in Encino has been sent to special servicing, after the landlord disclosed it would need more time to figure out a way to refinance it,... Read more »
The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from... Read more »
WS Communities, the apartment landlord founded by Neil Shekhter, has defaulted on a loan from Hankey Capital tied to a parcel in Santa Monica, The Real Deal has learned. The firm is... Read more »
Cleveland, Ohio-based fintech Upright has launched a debt service coverage ratio (DSCR) rental loan to investors, the company announced on Monday. DSCR rental loans are non-qualifying mortgages (non-QMs) used by real estate investors to... Read more »
After Los Angeles-based Shangri-La Industries defaulted on loans tied to seven Project Homekey developments across the state, one of the lenders called its lawyers. In August, contractor Johnson Electronics sued Shangri-La, asking... Read more »