As chief financial officer for UWM, Hubacker will oversee all financial aspects of the company, including accounting, internal and external reporting, financial compliance, tax, treasury and liquidity management, and budgeting and forecasting. Before joining UWM, Hubacker spent 18 years at Deloitte & Touche, most recently as a partner. He also served as vice president, assistant … [Read more…]
Another Millennial or even Gen-Z focused mortgage lender has come online, literally, to offer you a mortgage. Iâm talking about Laurel Road, which sounds like a really neat place to get a home loan. They claim to âoffer an end-to-end digital experience,â meaning you can go through the entire home loan process without leaving your… Read More »Laurel Road: Truly Digital Mortgages Built Entirely Online
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Mortgage Q&A: “Can you pay the mortgage with bitcoin?” First off, I apologize for writing an article about bitcoin. I know itâs all the rage right now and Iâm just adding to the hype, but itâs newfound relevancy warrants this post, maybe. U.S. Mortgage Lenders Accept U.S. Dollars At the moment U.S. dollars are the… Read More »Can You Pay the Mortgage with Bitcoin?
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Mortgage Q&A series: âWhat is a letter of explanation?â If youâre currently going through the joyful process of obtaining a home loan, you may have been asked to furnish a âletter of explanationâ or LOE to provide a little more color to what the underwriter might feel is a complicated matter. You can think of… Read More »What Is a Letter of Explanation? Your Chance to Talk to an Underwriter
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Franklin American Mortgage Company was established in 1994 as a small mortgage lender with a single office in Brentwood, Tennessee. Within one year of its founding, Franklin American had expanded its reach to residents in Texas and continued to grow until it was acquired by Citizens Bank in 2018. Although the merger with its parent […]
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As interest rates continue to move upward, more buyers are considering buydown methods to make homeownership more affordable. One of these is the 2/1 buydown, which allows borrowers to pay more upfront while enjoying reduced interest rates for the first two years of their mortgage. If youâre looking for ways to save on your mortgage,… View Article
The post What Is a 2/1 Buydown and How Does It Work? first appeared on Total Mortgage.
Correction: An earlier version of this story mistakenly credited multiple quotes from a motion by Townstone’s lawyers to U.S. District Judge Franklin U. Valderrama. American Banker regrets those errors, which have been corrected. A federal judge has dismissed a redlining lawsuit filed by the Consumer Financial Protection Bureau against a Chicago mortgage lender, rejecting the … [Read more…]
Today weâll check out âNFM Lending,â a Baltimore area mortgage lender that has been around since the 20th century. Also known as âAmericaâs Common Sense Lender,â NFM believes every home loan transaction should start with a conversation to get to know the clientâs unique financial situation. They are also an Earth-conscious lender with a company-wide… Read More »NFM Lending Review: A Baltimore Area Mortgage Lender That Bridges the Gap Between Online and In-Touch
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Today weâll take a look at âCanopy Mortgage,â a Utah-based mortgage lender that is big on transparency when it comes to rates and fees. They recently launched a self-serve mortgage rate comparison site called GorillaRates.com that lets potential customers generate real-time quotes 24/7. This means you no longer have to speak with a human being… Read More »Canopy Mortgage Review: Proprietary Tech and Some of the Best Pricing in the Industry?
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Thereâs been a lot of negativity regarding the housing market lately, some that I feel reflects the usual seasonal slowdown more than anything else. Yes, listing prices often fall in autumn because there are typically more homes on the market and fewer prospective buyers chasing them late in the year. That leads to price reductions,… Read More »Purchase Mortgages Expected to Increase Next Year Despite Higher Interest Rates, Pessimism
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