40 state agencies commit to nationwide mortgage licensing system

Jan 27, 2008

Lender Lead Solutions launches new productsMortgagePress.comfixed-rate HECM product, fixed interest rate, LIBOR 85, Flex Margin Advantage product line Lender Lead Solutions introduced its first fixed-rate HECM product. The new product offers the assurance of a fixed interest rate for the life of the loan, eliminates rate fluctuations and has maturity conditions similar to those of a traditional HECM. Lender Lead Solutions also expanded their LIBOR 85 product offering within its Flex Margin Advantage product line. Its basis point margin pays a premium to the broker and provides increased liquidity to the consumer. 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.

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Jan 27, 2008

Diversity & Inclusion

Home Value Gap Narrows Between Hispanic And White Homeowners

Hispanic homeowners see home values rise, regaining ground lost during the pandemic.

Home appreciation among Hispanic homeowners lagged behind white homeowners throughout the COVID-19 pandemic, with the home value gap peaking at 12.4% in December 2021. However, the latest housing trends report by Zillow found that Hispanic-owned homes regained lost ground ov...

Courts

UWM's Motion To Dismiss RICO Class Action Denied As Moot

Plaintiffs' late August filing of an amended complaint means UWM must file a new motion to dismiss if it wishes to proceed with having the case thrown out.

A previous version of this article was published on Oct. 11, 2024, under the headline, "UWM's Motion To Dismiss RICO Class Action Denied". United Wholesale Mortgage (UWM) and the company’s CEO, Mat Ishbia, have had their motion to dismiss a class action lawsuit alleging ...