‘Joker Broker’ Kills Another Real Estate Loan
I received a call a few weeks back from a broker who sends us real estate loans occasionally. He had a client that owns a property free and clear, a rental property.
Total Mortgage Sees Total Changes in 2013
Mortgage lenders must adjust to a radically different lending environment if they are to succeed in the year to come. Declines in mortgage originations, especially refinancings, and a return the basics of purchase mortgage lending will challenge lenders, and even so employment will shring significantly, John Walsh, CEO of Total Mortgage said in an interview with The Niche Report.
Mat Ishbia Promoted to President of USFS
Mat Ishbia has been named president of United Shore Financial Services, LLC (USFS), one of the nation’s leading independent mortgage lenders. Ishbia, 32, had previously served as president of United Wholesale Mortgage (UWM), USFS’s largest division and the fastest-growing wholesale mortgage lender in America.