A federal court has given preliminary approval to the settlement – only the latest in a number of recent cases over mortgage insurance kickbacks
Guaranteed Rate’s Shant Banosian – one of the top originators in the nation – talks about keeping business booming when rates are rising
Most industry watchers believe that the housing market finally turned the corner in 2012, stabilizing and beginning a sustainable recovery after a protracted, seemingly endless down cycle.
When the first flood of foreclosures swamped housing markets at the dawn of the Foreclosure Era in 2007, a new generation of investors saw the opportunity and discovered they could make much more money by holding and renting the properties they acquired than by flipping them. Rental income from tenants—often families displaced by the housing crisis—created the cash flows necessary to fund additional foreclosure purchases and the REO-to-rental business was born.