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What fraud risks do HELOCs pose?

Uncategorized / Ricky Vasquez

Forged checks, false occupancy claims and scams on senior citizens are among the schemes  lenders should be aware of as growing interest in home equity lending catches the attention of fraudsters.  While home equity lines of credit have been available for decades, the rapid acceleration of mortgage rates over the past three years is raising […]

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Ginnie Mae lifts buydown limit for custom pools

Uncategorized / Ricky Vasquez

Mortgage companies could soon find it easier to sell the many single-family loans with interest-rate buydowns into the Ginnie Mae market as it plans to soon exempt custom pools from a recently added restriction. Ginnie, which guarantees securitizations of mortgages that other public entities back at the loan level, said it is updating temporary rules

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Compass talks M&A strategy at The Gathering

Uncategorized / Ricky Vasquez

Private listings and Clear Cooperation (CCP) have been Compass’s headline calling cards over the past several months, but at HousingWire’s The Gathering on Sunday, mergers and acquisitions were the primary focus.  In a conversation with Diego Sanchez, the president of HousingWire, Lacey Conway, the CEO of Latter & Blum and Compass executive vice president of

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