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As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts

Housing Wire

“In line with guidelines from our lending partners and other entities that own or insure mortgages, NAF will offer forbearance assistance to customers whose homes are uninhabitable or who cannot work due to the wildfires,” the company told RMD in a statement. Reach out to your clients, he said.

Insurance 396
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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.

Lending 361
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Double whammy: Florida condo market grapples with rising insurance costs, milestone inspections

Housing Wire

While it may be easy to attribute the slower market conditions to the state’s well-publicized insurance issues , local agents say there is a perfect storm of factors. “It Insurance is still a major hurdle for many. Altos’ data shows that the 90-day median time on market jumped from 49 days a year ago to 70 days as of mid-July.

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Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. Poplar co-founder Chuck Hattemer will also join Evernest to guide integration and growth initiatives. It combines its platform with local teams to carry out these services.

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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29

Lending 397
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Incenter Lender Services hires two VPs to oversee national accounts

Housing Wire

“Our clients appreciate their ability to internalize their core challenges, and apply their comprehensive industry knowledge to solving them.” “Its a pleasure to be with a company that can consistently support our clients.

Valuation 370
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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Patent & Trademark Office. Nettleingham is a shareholder at Maddin Hauser.

Mortgage 418