Category: Industry Updates

Lender wins access to $36M in Live Well Financial funds – Richmond BizSense

One of the largest lenders of Chesterfield-based Live Well Financial has begun to chip away at the balance of the nearly $70 million it’s owed by the bankrupt mortgage local company. Michigan-based Flagstar Bank this month won approval in federal

MarketWatch: Bank of America’s CEO has one simple reason why he doesn’t see a recession looming

MarketWatch: Bank of America’s CEO has one simple reason why he doesn’t see a recession looming. https://www.marketwatch.com/story/bank-of-americas-ceo-has-one-simple-reason-why-he-doesnt-see-a-recession-looming-2019-08-21

Fox Business: Treasury Plan for Fannie Mae & Freddie Mac near complete

Fox Business: Treasury Plan for Fannie Mae & Freddie Mac near complete. https://www.foxbusiness.com/financials/treasury-plan-for-fannie-and-freddie-nearly-complete-said-to-be-issued-after-labor

Municipal Employees Retirement System of Michigan Decreases Holdings in NMI Holdings Inc (NASDAQ:NMIH) – Mayfield Recorder

Municipal Employees Retirement System of Michigan cut its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 72.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned

Quicken Loans chairman Dan Gilbert returns to Michigan from Chicago rehab center

Billionaire businessman Dan Gilbert has returned to Michigan after spending the past two months at an out-of-state rehabilitation center following a stroke, Quicken Loans CEO Jay Farner said in a statement Tuesday. “On Friday, Dan Gilbert returned to Detroit to continue his

Mortgage News Daily: Fannie Mae Predicts Two Additional 2019 Rate Cuts, Here’s Why

Mortgage News Daily: Fannie Mae Predicts Two Additional 2019 Rate Cuts, Here’s Why. http://www.mortgagenewsdaily.com/08192019_fannie_mae_forecast.asp

Business Insider: The doomsday warnings about the US housing market are getting it backward

Business Insider: The doomsday warnings about the US housing market are getting it backward. https://www.businessinsider.com/us-housing-market-mortgage-rate-troubles-overblown-opinon-2019-8

Condo Buyers Will Soon Have an Easier Time Scoring a Mortgage | realtor.com®

https://www.realtor.com/news/real-estate-news/condo-buyers-will-soon-have-an-easier-time-scoring-a-mortgage/

Yahoo Finance: Buffett’s Berkshire adds to Bank of America stake, now valued at $27 billion

Yahoo Finance: Buffett’s Berkshire adds to Bank of America stake, now valued at $27 billion. https://finance.yahoo.com/news/berkshire-hathaway-warren-buffett-adds-bank-of-america-amazon-q2-095438654.html

Forbes: New FHA Guidelines Expand Access To Condo Mortgages

Forbes: New FHA Guidelines Expand Access To Condo Mortgages. https://www.forbes.com/sites/brendarichardson/2019/08/15/new-fha-guidelines-expand-access-to-condo-mortgages/

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