LV= partners with Scottish Widows to launch two later life products  

By: ameer@trustedteam.com

LV= will launch two equity release products as part of a new funding partnership with Scottish Widows.   The financial services firm says its LV= Lump Sum Lifestyle and Drawdown...

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Even cherry-picked office loans are causing problems for banks

By: ameer@trustedteam.com

Despite strong deal metrics, a recently booked loan involving a Boston office building has lead to headaches for Westerly, Rhode Island-based Washington Trust. Usually, banks aren't penalized for...

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Dave Stevens forsees the “worst winter the industry has ever faced”

By: ameer@trustedteam.com

Ginnie has the PTAP program, but the problem is that for the lender to use it, they had to claim that they were actually in default, or illiquid as...

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Judge denies effort to squash claims in agent commission case

By: ameer@trustedteam.com

A federal judge last week denied motions by real estate players to grant judgment in their favor in the ongoing, closely watched trial over real estate agent commissions.The trial...

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New correspondent lender focusing on underserved markets

By: ameer@trustedteam.com

Steve Thomas, the mortgage industry veteran behind Futurewave Finance, a minority-owned correspondent lender, found his career path in the capital markets included taking on a lot of roles around...

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Which specialty lending option provides the greatest opportunity in 2024?

By: ameer@trustedteam.com

Which specialty lending option provides the greatest opportunity in 2024? | Mortgage Professional

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Top VA loan originator takes charge of UMortgage’s military lending division

By: ameer@trustedteam.com

At UMortgage, Gade will collaborate with Jay Bunte, another top veteran loan originator and West Point alumnus. Together, they plan to strengthen UMortgage’s VA loan services and mentor loan...

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Serious mortgage delinquency rates hit lowest level since late 1990s

By: ameer@trustedteam.com

However, serious delinquencies (90 days or more past due, including loans in foreclosure) decreased to 0.9%, down from 1.2% in August 2022 and significantly lower than the 4.3% high...

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TPO Go strengthens sales team with veteran account executives

By: ameer@trustedteam.com

Adam Millstein, vice president and national sales manager, commented: “I’ve been associated professionally with Katie, Kim and Brice for many years. Their passion for this business is evident, and...

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Industry leaders applaud Biden’s plans to transform empty offices into homes

By: ameer@trustedteam.com

Broeksmit further addressed the current challenges faced by housing providers, such as high-interest rates and escalating labor and construction costs, against the backdrop of an inadequate housing supply. He...

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