January 6, 2025
Much like the rest of 2024, key performance metrics for the reverse mortgage industry went on something of a roller coaster ride for the final month of the year. This is set against a backdrop of changes, with a new… Continue Reading…
The Consumer Financial Protection Bureau (CFPB) has sued Vanderbilt Mortgage & Finance for setting families up to fail when they borrowed money to buy a manufactured home. The CFPB alleges that Vanderbilt’s business model ignored clear and obvious red flags… Continue Reading…
A Washington, D.C. CPA has pleaded guilty to making a false statement on a mortgage loan application and failing to file an income tax return. According to court documents and statements made in court, Timothy Trifilo worked in tax compliance… Continue Reading…
In the newest episode of the Power House podcast, HousingWire President Diego Sanchez sits down for a conversation with Prosperity Home Mortgage CEO Justin Messer. The duo explore Prosperity’s transition from refinances to purchase mortgage originations, the company’s Realtor affiliate… Continue Reading…
A federal regulator sued a mortgage finance firm owned by Warren Buffett’s Berkshire Hathaway conglomerate on Monday, claiming it made loans to buyers of manufactured homes that it knew they could not afford. The civil suit, filed in federal court… Continue Reading…
The Wisconsin Realtors Association reports the number of homes for sale is on the rise. PC: Fox 11 Online GREEN BAY, WI (WTAQ-WLUK) — It’s a new year and with that comes new challenges for potential homebuyers. According to the… Continue Reading…
Florida-based Amerant Bancorp recently restructured its securities portfolio after selling its Houston branches.Amerant Bank As part of a broader effort to clear the decks for 2025 and sharpen its focus on its core South Florida footprint, Amerant Bancorp in Coral… Continue Reading…
Mortgage rates have popped back up to near 7% — 6.91% was the average reported by Freddie Mac last week. In May 2024, mortgage rates shot above 7% before falling back close to 6% in late summer in anticipation of… Continue Reading…
NEW YORK, Jan. 6, 2025 /PRNewswire/ — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager announced today that it provided a $62.5 million first mortgage, senior secured acquisition and lease-up loan collateralized by 303 East Wacker… Continue Reading…
The Consumer Financial Protection Bureau sued nonbank financing company Vanderbilt Mortgage & Finance Monday (Jan. 6), saying the company made loans to consumers despite evidence that they could not afford those loans. Vanderbilt is a unit of manufactured home builder… Continue Reading…