California Based Wholesale Lender Majestic Home Loan Reportedly Shut Their Doors On January 31st. Posts on social media say RMK Financial who does business as Majestic Home Loan has abruptly closed. Former AEs say the wholesale mortgage lender had to close their business due to a legacy issue. Another former AE posted a similar comment […]
Foreclosure Activity Rose In January For 21st Straight Month! Is The US Heading Into Another Housing Nightmare? Foreclosure activity rose in January and it’s not a good sign. This is also the 21st month foreclosure activity has been on the rise. ATTOM is reporting the number of foreclosure filings increased 2% in January from December. […]
Northpointe Bank Joins The Exodus Of Lenders Leaving Wholesale Lending And Correspondent Lending Northpointe Bank announced that it is exiting correspondent lending. The bank announced today that the last day to lock or relock a loan is on February 17, 2023, by 5:00 ET. Northpointe also stated that the absolute last day to fund a […]
Miami Real Estate Influencer Daniela Rendon Arrested On Federal Fraud Charges For Misusing $381,000 In COVID-19 Relief Funds Federal authorities have arrested Miami real estate influencer and broker Daniela Rendon. They have accused Rendon of allegedly using COVID-19 relief funds to fund a lavish lifestyle. Rendon’s lavish lifestyle consisted of private jets and luxury yachts. […]
Mortgage Debt Wipe Out! MFI-Miami Client Gets Judge To Wipe Out 1st Mortgage With PHH Mortgage. Then Gets SPS To Lower Balance On 2nd Mortgage From $128,000 to $25,000 What I’m about to tell you is one of the most incredible mortgage debt wipe out cases I’ve ever worked on. It took a few years […]
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