by mdibrino@hqmloans.com | Mar 14, 2023 | Uncategorized
Finance of America (FoA) has released its figures for the full year 2022, revealing losses as the company winds down its mortgage originations business. The reverse mortgage lender reported a net loss of $716 million ($3.06 per share) and recognized an adjusted net...
by mdibrino@hqmloans.com | Mar 14, 2023 | Uncategorized
Arc Home CEO Richard Bradfield said Pallante’s “extensive knowledge and experience in the non-QM and non-agency space, coupled with his proven ability to lead a team of sales professionals and achieve stellar results, will be instrumental” in driving...
by mdibrino@hqmloans.com | Mar 14, 2023 | Uncategorized
The deal is the latest in Guild’s string of acquisitions. The company bought Legacy Mortgage in February, which expanded its presence in the southwest region. Legacy originates loans in four states: Arizona, Colorado, New Mexico, and Texas. “We continue to...
by mdibrino@hqmloans.com | Mar 13, 2023 | Uncategorized
The upshot: Higher interest rates are in the offing, he said. “Fed chair [Jerome] Powell communicated earlier this week that incoming data on the U.S. economy continues to show strength and that a higher level of interest rates, and potentially for a longer period of...
by mdibrino@hqmloans.com | Mar 13, 2023 | Uncategorized
Neighborhoods considered high risk or “hazardous” were often redlined by banks, NCRC explains, denying them access to capital investment that had the potential to improve the housing and economic opportunities of residents. Social upheaval in the US has helped...
