New York became the latest state to officially enact legislation that outlaws the practice known as Non-Title Recorded Agreements for Personal Services or NTRAPS, which threatens senior citizens with loss of their homes. Processing Content Gov. Kathie Hochul signed the bill into law after it passed the New York State Legislature with wide bipartisan support […]
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Mortgage applications have swung up and down over the last two months as mortgage rates have stabilized, according to the Mortgage Bankers Association. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, decreased 3.8% on a seasonally-adjusted basis from one week prior for the week ending Dec. 12, as mortgage
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UWM Holdings will purchase Two Harbors Investment, a real estate investment trust branded as Two, in an all-stock transaction valued at $1.3 billion. Processing Content Under the terms of the agreement, Two shareholders will receive a fixed number of UWM shares at an exchange ratio of 2.33 times. This implies a price of $11.94 per
UWM buying Two in a $1.3 billion stock deal Read More »