The net profit margin outlook for mortgage lenders turned positive for the first time in nearly three years, due primarily to strong demand expectations for both purchase and refinance mortgages, according to Fannie Mae’s Q2 2019 Mortgage Lender Sentiment Survey®. “Lenders ...

Tagged with: lenders

Civic Financial Services reached a mortgage milestone in the private lending arena, funding over $108 million in the month of April. “Funding this level of volume in one month is quite an accomplishment, and even mightier when you consider this ...

Tagged with: lenders

One of the best ways to learn is from the experiences of others, thus the topic of today’s email. If you have one or more mortgages with escrow accounts, when was the last time you really looked at the statements showing ...

Tagged with: lenders

The profit outlook for mortgage lenders fell for the ninth consecutive quarter in the final three months of 2018 due to a decline in demand for loans to buy homes and refinance existing mortgages, a quarterly survey of mortgage lenders ...

Tagged with: lenders

Real Estate transactions have several participants seated at the closing table that are responsible for the success of the deal and that make a profit from the deal. If you were to sit down and figure the hours spent working ...

Tagged with: lenders

Creditors scored a big win on Nov. 1, as the North Carolina Court of Appeals ruled that lenders can rescind a certificate of satisfaction—the formal legal notice that a deed has been paid off in full—if the rescission was the ...

Tagged with: lenders

DEAR BENNY: My son is selling his home. His listing agent presented him with two contracts. One contract was full price, but with a number of contingencies – the main one was that the purchase was contingent on the sale ...

Tagged with: lenders