FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources
FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources
Abstract
Amid the most challenging mortgage market in decades, multichannel lender Finance of America plans to sell its retail division and shut down its wholesale channel, multiple sources told HousingWire. The post FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources appeared first on HousingWire.
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Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail division and shut down its wholesale channel, multiple sources told HousingWire.
The post FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources appeared first on HousingWire.
Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail division and shut down its wholesale channel, multiple sources told HousingWire.
The post FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources appeared first on HousingWire.
Guaranteed Rate this week walked away from negotiations to acquire Finance of Americaโs forward mortgage retail channel, which may result in FoA closing the division, sources told HousingWire.
The post After forward retail deal with G-Rate collapses, FoA announces wholesale exitย appeared first on HousingWire.
Guaranteed Rate this week walked away from negotiations to acquire Finance of Americaโs forward mortgage retail channel, which may result in FoA closing the division, sources told HousingWire.
The post After forward retail deal with G-Rate collapses, FoA announces wholesale exitย appeared first on HousingWire.
Stavvy, a fintech at the intersection of lending and real estate, today announced partnering with mortgage lender Guaranteed Rate.
The post Guaranteed Rate taps Stavvy to scale eClosings appeared first on HousingWire.
Stavvy, a fintech at the intersection of lending and real estate, today announced partnering with mortgage lender Guaranteed Rate.
The post Guaranteed Rate taps Stavvy to scale eClosings appeared first on HousingWire.
Guaranteed Rate rolled out a personal loan product this week. It's also made major changes to its underwriting program.
The post Guaranteed Rate moves beyond mortgage appeared first on HousingWire.
Guaranteed Rate rolled out a personal loan product this week. It's also made major changes to its underwriting program.
The post Guaranteed Rate moves beyond mortgage appeared first on HousingWire.
Dive Brief:
Granite Construction reversed course on its plans to sell its water resources and mineral services operations Monday, saying that current market conditions undermined its efforts โto secure appropriate value for the businesses.โ
The firm will reincorporate financial results for the businesses in its continuing operations, and will no longer classify their assets and liabilities as held for sale. The move means that it will file quarterly segment information for the units for pre...
Dive Brief:
Granite Construction reversed course on its plans to sell its water resources and mineral services operations Monday, saying that current market conditions undermined its efforts โto secure appropriate value for the businesses.โ
The firm will reincorporate financial results for the businesses in its continuing operations, and will no longer classify their assets and liabilities as held for sale. The move means that it will file quarterly segment information for the units for pre...
Guaranteed Rate claims to embrace its responsibility to serve all homebuyers, regardless of which language they speak.
Guaranteed Rate claims to embrace its responsibility to serve all homebuyers, regardless of which language they speak.
A weekend topic starting with KPIX in California. โThough homes across the Bay Area continue to sell for record prices, some real estate experts say the market is beginning to level off. โI think weโre seeing a little bit ofโฆ
A weekend topic starting with KPIX in California. โThough homes across the Bay Area continue to sell for record prices, some real estate experts say the market is beginning to level off. โI think weโre seeing a little bit ofโฆ
Guaranteed Rate is diversifying its offerings amid a tougher mortgage market, by introducing personal loans.Customers can apply for the loans in 10 minutes and receive funds between $4K to $50K within hours, the Chicago-based lender announced this week. The transactions wonโt include origination, non-sufficient funds nor late fees and are available in 10 states. Borrowers can repay the loans in one-to-five year periods and can secure an APR of 5.74% as of Tuesdayโs announcement.ย โGuarant...
Guaranteed Rate is diversifying its offerings amid a tougher mortgage market, by introducing personal loans.Customers can apply for the loans in 10 minutes and receive funds between $4K to $50K within hours, the Chicago-based lender announced this week. The transactions wonโt include origination, non-sufficient funds nor late fees and are available in 10 states. Borrowers can repay the loans in one-to-five year periods and can secure an APR of 5.74% as of Tuesdayโs announcement.ย โGuarant...
Fannie Mae and Freddie Macโs first equitable housing plans will rely on mortgage company uptake of experimental underwriting strategies around credit, appraisals and more to address the wide homeownership gap between white and minority borrowers.In the plans released Wednesday, the two government-related agencies said theyโd be taking a test-and-learn approach in their efforts to bridge a divide thatโs starkest between Black and white households. For years, the homeownership rate for Blac...
Fannie Mae and Freddie Macโs first equitable housing plans will rely on mortgage company uptake of experimental underwriting strategies around credit, appraisals and more to address the wide homeownership gap between white and minority borrowers.In the plans released Wednesday, the two government-related agencies said theyโd be taking a test-and-learn approach in their efforts to bridge a divide thatโs starkest between Black and white households. For years, the homeownership rate for Blac...