MILA launches prime product line

Jun 20, 2006

Silver Hill and Duncan Group produce commercial lending toolMortgagePress.comSilver Hill Financial LLC, The Duncan Group Silver Hill Financial LLC has announced an alliance with The Duncan Group, whereby the two companies will work together to produce a commercial lending section within Duncan's Mortgage Mastery Club, an online collection of mortgage training tools. As part of the alliance, Silver Hill will also sponsor a $200 discount off of the cost of club membership. The new section, titled "Commercial Lending," will provide in-depth tools specifically designed for residential mortgage brokers who want to expand their businesses by offering small-balance commercial loans. The section includes the "10-Day Jumpstart to Commercial Lending: Scripts for Success and Marketing Tools." Silver Hill Financial LLC is a nationwide commercial real estate lender based in Coral Gables, Fla. For more information, call (888) 988-8843 or visit www.silverhillfinancial.com. The Duncan Group is a mortgage training and motivation firm based in Duluth, Ga. For more information, call (866) 937-8633 or visit www.theduncangroup.com.

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Jun 20, 2006

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...