Anchor Loans, a private direct lender to residential real estate investors, has launched its Third-Party Originator (TPO) Channel to serve mortgage brokers, banks, private and non-QM lenders and other referral partners whose clients are home builders, developers and...
The U.S. Federal Trade Commission (FTC) is disbursing more than $1.2 million in refunds to borrowers who lost money to Consumer Defense, a fraudulent mortgage modification scheme. The FTC is sending payments to 6,261 consumers who will each receive $201.34. The agency...
Toronto-headquartered HomeEquity Bank has hired longtime journalist and broadcaster Peter Mansbridge as a strategic communications consultant. According to the bank, Mansbridge will be part of a campaign focused on the CHIP Reverse Mortgage. In a new campaign that...
Mortgage rates remained at the mid-6% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, slightly up from last week when it averaged 6.62%. A year ago at this time, it...
Foreclosure filings were reported on 357,062 residential properties in 2023, according to a new report from ATTOM. This represents a 10% increase from 2022 and a 136% spike from 2021, but it was also down by 28% from pre-pandemic 2019 and down by 88% from the 2010...
NRL Mortgage has partnered with the fintech Calque to launch The Trade-In Mortgage in 45 states. According to the companies, The Trade-In Mortgage enables homeowners to leverage their home equity to purchase a new home before selling their current one. By working with...
Hits and Misses for the Real Estate Week of June 29-July 3
