Despite numerous efforts to have the racketeering charges dismissed, the future appears to be fraught with difficulties for the prominent non-bank lender. The company has repeatedly sought to have multiple motions to dismiss the charges, but their attempts have thus far been unsuccessful. This ongoing legal predicament suggests that the lender could be facing significant…
American Mortgage Network’s Hybrid Consumer Direct Division: AmNet Direct
Intro American Mortgage Network is charting a new course in the mortgage industry with the introduction of AmNet Direct, their new hybrid consumer direct division. Designed by Joseph S. Restivo, the President and CEO of American Mortgage Network, this 100% employee-owned company is pioneering a unique concept that fuses the speed and efficiency of consumer…
May 2023 Housing Market
The present housing market is identified by a shortage of homes for sale and strong buyer demand, resulting in high prices and intense competition among buyers. The COVID-19 pandemic has caused a shift in housing demand, with people looking for larger homes that provide more space for remote work and outdoor activities. The median existing-home…
How To Setup Your LLC
Start an LLC The state you file in is very important. Call me to discuses.
Silicon Valley Bank Failure. Good For The Mortgage Market? YES!
Silicon Valley Bank (SVB) is a financial institution that is widely known for its specialization in providing banking services to technology startups and venture capitalists. Founded in 1983, it has been instrumental in funding and supporting the growth of many successful technology companies. However, in the early 2000s, the bank experienced a major setback that…
What Stocks Are At A Discount Today?
The banking stocks are clearly at a discount. Just be careful on what ones you purchase. Make sure you do your diligence when investing in any stocks. Bank stocks are a popular choice for investors looking to invest in the financial sector. While bank stocks can be a reliable investment for those seeking long-term growth…
FHA Announces Establishment of the 40-Year Loan Modification Loss
Establishes the 40-year standalone Loan Modification into FHA’s COVID-19 Loss Mitigation policies. The provisions of this ML may be implemented immediately but must be implemented no later than May 8, 2023. Agency Guides / FHA Single Family / Mortgagee Letters – 2023 / ML 2023-06: Establishment of the 40-Year Loan Modification Loss Mitigation Option (03/08/23)