Coalition escalates calls for delay on Fannie, Freddie condo rules

The Community Home Lenders of America, Community Associations Institute and National Association of Mortgage Brokers doubled down on their previous pushes for more time to meet deadlines for certain condominium loan rule changes in a joint letter. Processing Content These groups reinforced calls for a year’s delay in some restrictions in the letter sent to […]

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Shant Banosian

Rate touts defection of 14 LOs from New American Funding

Rate is promoting the defection of over a dozen loan officers from New American Funding, who bring “nine figures” in production volume from the rival over to the Chicago lender, the company said. Processing Content The lending giant announced 14 new LOs coming from the retail competitor, including some originators who previously worked at Rate.

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