HUD general counsel issues RESPA informal opinions – NMP Skip to main content

HUD general counsel issues RESPA informal opinions

National Mortgage Professional
Aug 18, 2008

NetMore America Inc. secures $5.5 million in capital investmentsMortgagePress.comloan volume, warehouse lenders NetMore America Inc. announced it has obtained a total of $5.5 million in funds to date, including $3 million in capital secured during June 2008. NetMore will use the funds obtained in June 2008 to strengthen its balance sheet and as equity capital needed to increase its permissible loan volume with its warehouse lenders. NetMore also announced the appointment of Bill Prater, managing partner of Northland Capital LLC, to chair the informal advisory board of NetMore. Prater is the CEO of Leriot LLC, a management and organizational development firm. Prater co-founded and served as CEO of an investment banking firm for 18 years, has been involved in improving stakeholder relations and profitability in more than 80 companies, and has more than 30 years of experience in business development, finance, management, marketing and sales. NetMore America Inc. is a retail and wholesale mortgage lender based in Walla Walla, Wash. For more information, call (509) 526-4007 or visit www.netmoreamerica.com.
Published
Aug 18, 2008
Lenders Complain FGMC Is 'Radio Silent' On Loans

Company said it would stop purchasing new loans in the wake of its mass layoff last week; seeking court-approved financing.

Industry News
Jun 30, 2022
AnnieMac Home Mortgage Acquires OVM Financial

Wants to expand its outreach into the Mid-Atlantic region.

Industry News
Jun 30, 2022
Ready Life Launches Black-Owned Fintech To Help Underserved Borrowers

Ready Life, led by two Black entrepreneurs, is taking aim at the racial wealth gap by starting a mortgage fintech.

Industry News
Jun 30, 2022
FGMC Files For Chapter 11 Bankruptcy Protection

FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.

Industry News
Jun 30, 2022
FGMC Paying Severance To Ex-Employees

Late-night email tells laid-off workers they'll receive one week of pay for each year of service.

Industry News
Jun 29, 2022
Texas, N.Y. Law Firms File Class-Action Suit vs. FGMC Over Layoffs

Both firms represent a former employee suing over lack of 60-day notice before mass layoff on June 24.

Industry News
Jun 29, 2022