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Silverstein Seeks $400 Million Office Loan
Quotes on mortgages of $350 million to $400 million are being considered. Even at the higher amount, the loan-to-value ratio would be less than 50%. That puts the assignment in the sweet spot for insurance companies, which compete aggressively for 

Help to Buy lenders in mortgage price war
Help to Buy lenders in mortgage price war Prospective buyers with small deposits are benefiting from a price war among mortgage lenders, say brokers, after the last of the major high street banks launched its 95% deal under Help to Buy. Barclays will offer a fee-free three-year fixed rate at 5

New Mortgage Rules Mean Paperwork For Borrowers, Not A Shutdown On ...
New Mortgage Rules Mean Paperwork For Borrowers, Not A Shutdown On ... The reason: the new rules effectively limit the fee a mortgage broker can charge, which in turn makes loans under a certain cap not profitable for mortgage brokers. “Loans between $110,000 and $160,000 are going to be the ones that are affected,” 

Loanstream Wholesale Adds Multiple Niche Loan Programs Giving the ...
These programs under OCMBC's Wholesale Division, LoanStream Wholesale, are part of the company's portfolio that serves unique needs in the mortgage and real estate market. LoanStream's wholesale lending programs helps Mortgage Brokers serve a 

Morganville New Jersey Mortgage Lenders Brokers - Emergency Report - Don't obtain a mortgage in Morganville, NJ until you watch this special video by mortgage lender and ...

Nonbank mortgage hiring picks up as lenders prep for homebuying season

The spring buying season generally bolsters purchase mortgage volume and that, combined with fierce competition for talent in the current market, is making lenders reluctant to cut staff or cease hiring.

But higher rates and more limited refinancing opportunities are reducing the business' profitability at the same time companies are increasing their seasonal reliance on home purchase cycles. Many lenders took losses during the seasonally weak first quarter, making long-term spending on hiring unsustainable.

"Profit margins are razor thin and everything is purchase business," said Sue Woodard, chief customer officer at mortgage marketing technology provider Total Expert, in a recent interview about the market conditions lenders are facing.

Even though many mortgage lenders are cash-strapped, they may be willing to spend on marketing or hiring that could help them fund more home-purchase loans or get more out of their servicing, which generally increases in value in a higher-rate environment.

Re/Max spinoff Motto Mortgage expands in South Texas

Motto Mortgage, Re/Max’s mortgage brokerage franchise that launched in 2016 , now has 80 independent offices across 29 states , with the latest addition being Motto Mortgage United in the South Texas market of Harlingen.

Each Motto Mortgage franchisee is paired with a real estate brokerage — and not just Re/Max brokerages; these partnerships are open to companies beyond Re/Max. Motto Mortgage loan originators work within real estate offices so that agents can help homebuyers obtain mortgage loans for a “one-stop shop” experience.

“At Motto Mortgage United, we set out to create and innovate a better kind of local mortgage brokerage — one built on integrity, superior customer service and mutual trust,” said Corina Cordova, the broker/owner of Re/Max United and Motto Mortgage United, who also noted she has a “passion for serving God, people and riding motorcycles.”

“Our customers appreciate the respectful treatment, honesty and sound advice we provide as a mortgage brokerage, and we strive to offer the best loan options that suit the needs of our clients,” Cordova added. “My goal for Motto Mortgage United is to grow the office with a solid foundation of systems, technology and compliance, and through hard work and dedication eventually expand into other markets.”