AD Mortgage is launching a new policy arm, with its first initiative aimed at upcoming US Federal Housing condo changes involving the elimination of limited reviews. Processing Content The wholesale lender sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing, particularly in Florida, […]
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The addition of the assets of AmeriTrust Mortgage will allow Union Home Mortgage to expand its ability to produce non-qualified mortgages, CEO Bill Cosgrove said. Processing Content The transaction was first reported by HousingWire. Financial details were not disclosed. This is the latest mortgage company buy for Union Home. In September, it purchased the origination
Union Home CEO expects more M&A after AmeriTrust deal Read More »
Nonbank mortgage giant Rocket Cos. closed on a multibillion-dollar credit agreement with JPMorgan Chase on Thursday that will replace the facility it took out while two of its large acquisitions were pending last year. Processing Content The new credit line Rocket will use for general corporate purposes has an initial $2.5 billion capacity and allows
Rocket Cos. strikes new deal for JPMorgan Chase financing Read More »