by mdibrino@hqmloans.com | May 25, 2023 | Uncategorized
PacWest Bancorp has sold its residential business-purpose business, Civic Financial Services, to real estate lending firm Roc360, the Wall Street Journal reported this week. The struggling Los Angeles-based regional bank closed the deal on Tuesday, but didn’t disclose...
by mdibrino@hqmloans.com | May 25, 2023 | Uncategorized
Company now in its 20th year Celebrating its 20th anniversary after its 2003 launch, Open Mortgage has seen the various iterations of marketing, Gordon said. He agreed the labor-intensive nature of social media productions is daunting for many. “Loan officers like to...
by mdibrino@hqmloans.com | May 25, 2023 | Uncategorized
“Holly MacDonald-Korth has shown herself to be a strong, innovative, compassionate, and responsive leader for KDM,” Korth said. “Holly has essentially been acting CEO for a couple of years now, and I am confident that with her at the helm, KDM will continue on its...
by mdibrino@hqmloans.com | May 25, 2023 | Uncategorized
“[The hearing] emphasized the need to continue this dialogue,” Park added. “The testimonies we heard will help shape our ongoing agency-wide efforts to understand and address bias in the industry.” Read more: Firm claims it’s “blind” to appraisal bias Federal...
by mdibrino@hqmloans.com | May 24, 2023 | Uncategorized
Unless an exemption applies, “neither a retaining sponsor nor any of its affiliates may pledge as collateral for any obligation (including a loan, repurchase agreement, or other financing transaction) any ABS interest that the sponsor is required to retain with...
by mdibrino@hqmloans.com | May 24, 2023 | Uncategorized
Added NAHB’s chief economist, Robert Dietz: “April saw an increase in new home sales as buyers sought new construction even as builders struggle to keep up with demand because of a shortage of distribution transformers and skilled construction workers,” he said....
