There is a strange contradiction developing in the mortgage market right now, and I think we need to be careful about how we talk about it. By most broad measures, the mortgage system is still in pretty good shape. There is no national foreclosure crisis, there is no...
For most people in real estate and mortgage, closing day has always carried a sense of finality. The papers are signed, the keys change hands, commissions are paid, the loan funds and everybody moves on to the next transaction. The homeowner, of course, doesn’t...
HomeServices of America, a division of Berkshire Hathaway (NYSE: BRK.A), announced that its subsidiary Prosperity Home Mortgage LLC is adding mortgage servicing to its portfolio of services. Prosperity Home Mortgage is a full-service retail mortgage lender focused...
Mike Kortas, founder and CEO of the mortgage lender NEXA, has announced the launch of evoLend, a mortgage servicing company. The new company is being promoted with the pledge “to put loan officers back in control of the borrower relationship after closing.” Unlike...
A crackdown by Immigration and Customs Enforcement (ICE) on illegal immigrant activity is being blamed for an Austin multifamily property moving to special servicing after nearly three-quarters of residents abruptly moved out. According to a Multifamily Dive report...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
