Support

Tag: loan

35,000 More Public Servants See Their Student Loan Balances Reduced or Erased

July 31, 2024 No Comments Education , ,

Thousands more public servants will soon see their student loan balances reduced or erased, the Biden administration announced on Thursday. The relief is part of the administration’s efforts to overhaul the nation’s Public Service Loan Forgiveness program (PSLF). “This is relief that will bring real change in [borrowers’] lives, and marks another win for this [...]read more35,000 More Public Servants See Their Student Loan Balances Reduced or Erased

How I Went From Payday Loan Debt To Being Debt Free And Saving $50,000

June 14, 2024 No Comments Personal finance , ,

Hello! Today, I have a great debt payoff story to share from Davina (from the blog Davinas Finance Corner). Here’s how Davina went from being in payday loan debt for 1.5 years to being debt-free, saving over $50,000 and building a five-figure investment portfolio. Enjoy! In this post, I will share how being stuck in… [...]read moreHow I Went From Payday Loan Debt To Being Debt Free And Saving $50,000

As the VA loan turns 80, its economic impact is in the trillions

June 12, 2024 No Comments Real estate , , , ,

“The economic impact analysis considers what the economy would have looked like if the VA loan hadn’t existed,“ the report explained. “It found the loan program has withstood various market changes, accounting for as much as 11% of new home mortgages in the postwar building boom. Total VA loan volume in 1947 was more than [...]read moreAs the VA loan turns 80, its economic impact is in the trillions

Cap On Servicer Fees For FHA Loan Assumptions Doubled To $1,800

May 23, 2024 No Comments Real estate , ,

While lenders welcomed the increase, it might benefit homebuyers as well, by giving loan servicers more incentive to process FHA loan assumptions quickly. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. [...]read moreCap On Servicer Fees For FHA Loan Assumptions Doubled To $1,800

Mortgageball: Making a profit on $10,500 a loan

May 23, 2024 No Comments Real estate , , ,

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. The promises of the 2018  housing industry aren’t the promises of today. That hot tech thing or product that you had to have in 2018?  Nobody’s talking about [...]read moreMortgageball: Making a profit on $10,500 a loan

Wells Fargo has a new home loan sales leader

May 22, 2024 No Comments Real estate , , ,

Sandra Ho, a managing director at JPMorgan Chase, will join Wells Fargo next week as its head of home lending sales, Wells Fargo said in a statement Monday. It is a newly created role, and Ho will lead Wells Fargo’s consumer direct and distributed sales forces. She will report to Serhat Oztop, head of sales [...]read moreWells Fargo has a new home loan sales leader

Better improves loan volume by 25% but remains unprofitable in Q1

May 14, 2024 No Comments Real estate , ,

Better Home & Finance Holding Co., the parent of digital lender Better, strongly improved its mortgage production and revenues in the first three months of 2024. But expenses continued to increase and the company remained unprofitable during the period. Better posted a net loss of $51.5 million from January to March, up from a loss [...]read moreBetter improves loan volume by 25% but remains unprofitable in Q1

Panorama Mortgage Group launches 1% down payment loan program

May 9, 2024 No Comments Real estate , , , ,

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment, the company announced on Wednesday. The new offering, known as the 1st Generation Homebuyer program, also includes a 2% grant to reach the conventional down payment minimum of 3%. “We believe [...]read morePanorama Mortgage Group launches 1% down payment loan program

Trade groups express concerns on VA timeline for defaulted loan purchase program

May 7, 2024 No Comments Real estate , , , , , ,

Representatives of the Mortgage Bankers Association (MBA) and the Housing Policy Council (HPC) are urging leaders at the U.S. Department of Veterans Affairs (VA) to delay a mandatory compliance date with the agency’s Veteran Affairs Servicing Purchase (VASP) program, which aims to prevent foreclosures against military personnel who experienced financial hardship due to the ongoing economic [...]read moreTrade groups express concerns on VA timeline for defaulted loan purchase program

Top New Jersey Loan Mortgage Originator Charged with Fraud

April 27, 2024 No Comments Real estate , , , ,

At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. The leader of a five-person team that originated billions in loans for a New Jersey-based mortgage lender has been charged, along with one [...]read moreTop New Jersey Loan Mortgage Originator Charged with Fraud