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Legacy Mortgage

The Legacy Group - Mortgage | Capital | Escrow

We are a respected, independent mortgage, capital, and escrow company. An employee owned organization, which is committed to helping individuals ...

Recent Analysts’ Ratings Changes for PennyMac Mortgage Investment Trust (PMT)

A number of research firms have changed their ratings and price targets for PennyMac Mortgage Investment Trust (NYSE: PMT):

2/4/2019 – PennyMac Mortgage Investment Trust was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating. 1/25/2019 – PennyMac Mortgage Investment Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PennyMac Mortgage Investment Trust is a real estate investment trust. The Company operates as a specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets.

The Money Store hires former Movement Mortgage regional director

Direct mortgage lender The Money Store has appointed Mack McConkey as division manager for the western states.

"The resurgence of a brand with such an extraordinarily successful legacy is an opportunity that provides the perfect platform to benefit customers, loan originators and real estate professionals navigating the market conditions in 2019 and beyond," said McConkey. "As the market has evolved, having an agile organization which can deliver highly competitive rates and programs to customers, with a system that delivers top speed and efficiency, while compensating mortgage professionals fairly, is a superior value proposition that achieves a new industry standard. Ultimately, this is what helps the company thrive in the communities we serve."

McConkey brings 25 years of experience to the role. He has previously held positions at Wells Fargo, Countrywide, Medallion and Movement Mortgage.

"I have known Mack for 15 years, and he has been successful every step of the way along his career path,” said Peter Alvarez, chief operations officer for The Money Store. “Among the many positive attributes and skills that he possesses is the ability to identify talent in the marketplace and assisting that talent to achieve great things. He finds the right people and helps build successful people wherever he goes. Mack is a significant addition to The Money Store, and we are very excited to have him."

lagacy mortgage?

my husband and i are fixing to buy our first house and we found a great lender, which is legacy mortgage. we got 100% financing with them and they are paying for the inspection. im just wondering, has anyone gone through them before?

The only thing I find odd is why a bank would pay for an inspection.

Loans don't require it, that is a buyer's option.

An appraisal, isn't the same as an inspection.

Never heard of that....sounds very odd.