Housing Wire

OCTOBER 15, 2024

billion in home loan production. Fairway operates in the Birmingham area under the trade name MortgageBanc , which it acquired in 2009. In neighborhoods with Black populations of 80% or more, Fairway granted loans at less than one-eighth of the rate of its competitors. The company ranked No. 12 among the largest U.S.

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Advertising Lending Loan Officers Retail 468

Housing Wire

FEBRUARY 9, 2023

The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together. Headquartered in Dallas and founded in 2009, Town Square reached $805 million in volume in the last 12 months, the Modex data shows.

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Mortgage Retail Loan Officers Lending 370

Housing Wire

JANUARY 19, 2023

The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex. We are no closer to being paid and he had the capital to open up Smart Rate Mortgage,” said a former employee who requested anonymity due to an ongoing legal case.

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Mortgage Investors Legal Loan Officers 418

Will Springer Realtor

AUGUST 1, 2023

Short sales were a common sight in the housing recession around 2009 but they have since faded from the headlines as homeowners typically find buyers before facing financial doom. In addition to the homeowner, only licensed lawyers, loan officers and real estate brokers can conduct a short-sale negotiation. What is a short sale?

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Sellers Real Estate Buyers Legal 36

AmeriMac

SEPTEMBER 1, 2021

In 2009, Freddie Mac and Fannie Mae, government housing lending institutions, the Federal Housing Finance Agency (FHFA) and the New York Attorney General got together to create the Home Valuation Code of Conduct (HVCC). These legal changes lead to a sharp increase in the use of AMCs. AMCs as a concept were developed in the 1970s.

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Appraisal Valuation Law Lending 36

AmeriMac

MARCH 15, 2024

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. Loan officers can focus on other aspects of the loan origination process, knowing that the appraisal process is being handled by qualified professionals.

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Appraisal Appraisal Process Valuation Real Estate 36