Struggling alongside a slow purchase market, originations of adjustable-rate mortgages fell in the first quarter of the year. (Includes data chart.)
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A former chief of staff accused the Change Company of wrongful termination and whistleblower retaliation in a lawsuit, while Change said it terminated the employee after numerous reports of misconduct and safety concerns.
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After deploying new solutions for the non-QM market, Maxex has partnered with South Street Securities Holdings and Atlas Merchant Capital for a new equity investment round.
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Netherlands-based Anyone.com is the latest to throw its hat into the growing shared-ownership mortgage space. Its goal is to stretch available financing to assist as many homebuyers as possible.
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The Loan Store launches HELOC product; LendingPros debuts condotel financing solution; Carrington Mortgage introduces 40-year fixed-rate terms for non-QM products; RenoFi partners with TruStage for after-renovation-value HELOCs; WAMC merges with Terra Property Trust; UWM announces four new bank statement loan options.
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