HUD, FHA further extend Maui foreclosure moratorium to 2025

The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-15, which extends a foreclosure moratorium on the Hawaiian island of Maui through Jan. 1, 2025, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs). The moratorium, initially scheduled to expire on May 6 after a previous extension, was

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Atlantic Coast Mortgage adopts Nextwave CRM

Virginia-based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow’s mortgage-oriented customer relationship management (CRM) product, Nextwave CRM, will be used by its loan originators across the 30 states it operates in. “Nextwave CRM was the clear choice to drive our customer-centric culture and CRM

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eXp Realty welcomes top-producing Philly team

The largest brokerage in the nation based on transaction sides has strengthened its presence in Philadelphia. On Thursday, eXp Realty announced that the top-producing Matt Fetick Team was making the move from Keller Williams to eXp. The team is led by Fetick and David Maio Williams, who bring more than

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What’s the rationale behind the Mr. Cooper-Flagstar deal?

If closed as expected, the acquisition of Flagstar Bank‘s servicing businesses has the potential to make the mortgage servicing rights (MSR) portfolios of Mr. Cooper Group reach the $1.56 trillion mark in unpaid principal balance (UPB), consolidating the company into the top mortgage servicer in the country.  Mr. Cooper executives

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