Skip to main content

Florida industry appointments update - 10/1/2007

National Mortgage Professional
Oct 01, 2007

Lender Lead Solutions announces LIBOR-based HECMMortgagePress.comHECM Lender Lead Solutions has introduced a home equity conversion mortgage (HECM) based on the London Interbank Offered Rate (LIBOR) index. The company is the first lender in the reverse mortgage industry to announce a product based on the LIBOR index instead of the Constant Mature Treasury. This will keep brokers from being exposed to market volatility and allow them to increase flexibility and profitability. "The LIBOR-based HECM provides brokers added margin, while giving them the flexibility to structure rates and loan closing costs to meet the individual needs of borrowers," said David Peskin, CEO of Lender Lead Solutions. Melville, N.Y.-based Lender Lead Solutions, a division of Vertical Lend, is a reverse mortgage services company. For more information, call (888) 775-3631 or visit www.lenderleadsolutions.com.
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021