Patriot Bank Settles DOJ’s Redlining Accusations for $1.9M

2024-01-19T12:31:37-08:00private lender servicing, private mortgage servicing|

Discover the DOJ's allegations against Patriot Bank, accused of avoiding mortgage services in Tennessee's majority-Black and Hispanic neighborhoods. Patriot denies redlining allegations. Stay informed.

Ameris Bank Introduces Borrower Assistance Program in Jacksonville

2024-01-19T12:09:03-08:00loan servicing private lenders, private lender servicing|

Learn about Ameris Bank's Borrower Assistance Program in Jacksonville, following their $9 million settlement last October to resolve redlining allegations. Private lenders may find this program interesting.

Enhanced Financial Accountability: A Comprehensive Guide for Fund Managers under the Corporate Transparency Act

2024-01-19T07:57:35-08:00private lender servicing, private mortgage servicing companies|

"The Corporate Transparency Act (CTA) brings financial transparency and anti-money laundering measures, impacting privately held entities in the US and globally."

Dark Matter Technologies Execs Prioritize Automation for Empower’s Market Dominance

2024-01-19T05:56:38-08:00private lender loan servicing, private lender servicing|

As an industry expert, I provide a clinical summary for executives of Dark Matter Technologies. Discover how automation & cost cutting in Empower LOS, along with AI's role in the origination process, can benefit private lenders.

Renting Proven More Affordable Than Homeownership in Majority of Local Markets

2024-01-18T13:22:19-08:00private lender loan servicing, private lender servicing|

Discover why renting is more affordable than homeownership in nearly 90% of local markets. Explore the insights from a recent study on Weekly Real Estate News.

MBS market imbalance drives increase in mortgage rates

2024-01-17T11:55:25-08:00private lender servicing, private money loan servicing|

"As GSEs increase their purchase of Mortgage-Backed Securities (MBS), private lenders might find potential opportunities. The Federal Reserve's potential end to Quantitative Tightening (QT) could offer a potential solution, albeit with uncertain outcomes." (155 characters)

Assessing the Economy’s Risks and Awaiting Lucrative Rewards

2024-01-17T10:24:17-08:00private lender servicing, private loan servicing company|

As a mortgage industry expert, I provide non-salesy summaries on industry news. Discover how private lenders can thrive in a tough economic climate and achieve significant gains. Expert advice and insights for success in the upcoming recession.

Katie Sweeney, AIME’s CEO, to transition and lead Broker Action Coalition.

2024-01-16T13:34:00-08:00private lender servicing, private mortgage servicing|

Katie Sweeney, Chairman and CEO of AIME, to lead Broker Action Coalition, AIME's lobbying arm. No replacement CEO announced yet. Insights for private lenders

Anchor Loans introduces third-party origination channel for fix-and-flip lending.

2024-01-16T12:02:07-08:00private lender servicing, private mortgage loan servicing companies|

Anchor Loans has introduced a TPO channel, catering to mortgage brokers, banks, and private/non-QM lenders, offering valuable solutions for private lending needs.

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