The Power Brokers of Beverly Hills

asked the S.U.V.’s driver, the real estate agent Branden Williams, nodding at a … “There’s the house that we designed with Lenny Kravitz. … the storied real estate firm for which they amassed $700 million in sales in 2019 alone.

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Mortgage rates continue to stay low at 2.73%

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac’s Primary Mortgage Market Survey. With mortgage rates hovering below 3% for over six months now, Sam Khater, Freddie Mac’s chief economist, said this may be a sign of

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UWM clears $1.33B in profits in Q4 2020

United Wholesale Mortgage originated more than $54 billion in mortgages and generated more than $1.3 billion in net income during the fourth quarter, the company revealed on Wednesday. The wholesale lender’s parent company reported $54.7 billion in originations, a 71% increase from the $31.9 billion the Michigan-based lender originated in

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IMF: CFPB mortgage servicer complaints drop in Q4

Mortgage servicers received less complaints at the Consumer Financial Protection Bureau (CFPB) in the fourth quarter of 2020, according to data from Inside Mortgage Finance. The data showed that mortgage protests overall decreased by 6.7% in the fourth quarter, while complaints about loan modifications dropped 10.1%, servicing concerns dropped 6.7%

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Illinois mortgage pros ensnared in alleged fraud scheme

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 million, the U.S. Attorney’s Office in Chicago said Tuesday. Federal authorities this week announced multiple fraud charges against real estate developer Andrzej Lajewski, 53; loan originator Agnieszka

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Vermillion Consulting CEO on how to lead during COVID-19

This HousingWire Daily interview transcription features a crossover episode from HousingWire’s Housing News podcast. In this episode, Vermillion Consulting’s Dale Vermillion discusses how mortgage lenders can best adjust their businesses during periods of growth and how they can also support their staff during tumultuous times. Listen to the full episode here and make sure to

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