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...
The Department of Veterans Affairs (VA) is planning to end a mortgage rescue program for veterans that was introduced less than one year ago. The Veterans Affairs Servicing Purchase (VASP) program went into effect last May with the goal of purchasing defaulted VA...
Detroit-based Rocket Companies (NYSE: RKT) recorded a $481 million loss in the third quarter on $647 million in total revenue. The company’s dismal third quarter performance followed a mild $178 million profit in the second quarter, when the company’s total revenue...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
