Latest Updates Around The World
According to the company, the tool uses a “proprietary mix” of indicators to flag mortgages within a servicing portfolio that may require attention. Servicing and retention teams can use these signals to conduct outreach campaigns through borrower touchpoints such as online portals and monthly statements. The company said the platform tracks engagement at the offering […]
Down payment assistance programs continue to play a role in expanding access to homeownership, offering an average benefit of approximately $18,000. DPR said the level of assistance reduces a homebuyer’s loan-to-value ratio by approximately 8.8%, improving borrower qualifications and overall loan profiles. Many programs also cover closing costs, prepayment fees, mortgage interest rate buydowns, and […]
Central to the issue was whether the $350,000 deposited into Platinum One’s account in 2023 were loans from NEXA or capital contributions from Kortas and Grella through their joint company. The ruling is separate from the ongoing NEXA partnership dispute. That lawsuit was filed in April 2024 and involves NEXA accusing Grella and his wife, […]
Mortgage purchase application details Purchase request data had another positive week, both on a weekly and annual basis. The main goal with this data set is to get at least 12 to 14 weeks of weekly gains, and so far the year is moving in that direction. Last week we saw 5% week-on-week growth and […]
“For years, analysts have held out hope that the aging baby boom generation would trigger the ‘Silver Tsunami’ – a massive wave of homes being unlocked and coming back onto the market,” the paper said. report declared. “However, new data indicate that the Tsunami may instead hit the beach as a gentle, rolling wave.” California’s […]
Borrowers include first-time homebuyers, veterans, seniors and residents of urban, rural and tribal communities. Total MBS issuance for fiscal 2025 was $526.4 billion, driving a 7.2% year-over-year increase in Ginnie Mae’s outstanding portfolio. According to the report, the portfolio grew by $190.9 billion to more than $2.8 trillion at the end of September. “Continued strong […]
Editor’s note: This interview has been edited for length and clarity. Sarah Wolak: Since it’s your first week at Go, I wanted to ask how you got into the role. Jay Promisco: Ultimately, I just met the founders and the investment team behind them [majority owner] Jordan Hansell, and spent a lot of time making […]
Many real estate agents say day-to-day practices are unlikely to change dramatically because professional organizations and state regulators already impose strict fair housing requirements. Debbie Drummond, head of The Debbie Drummond Real Estate Team at Simply Vegashas been in Las Vegas since 2003. She notes that fair housing compliance remains embedded in routine practice. “I […]
“Financially, the American dream shouldn’t be homeownership, it should be financial independence,” said Robert Johnson, CEO of Economic Index Associates and a professor at Creighton University, said in the report. “People fall prey to stories of individuals realizing substantial profits by buying a house and selling it years later at a much higher price.” He […]
In the past six months, per Modex data, Go Mortgage came from $279.42 million. In the past year, the company’s volume was $619.35 million across 1,754 units. Promisco brings more than 20 years of leadership experience in building and scaling mortgage and financial services platforms. His background includes stints as president at Sierra Pacific Mortgage […]
