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Minneapolis-based mortgage lender Luminate Home Loans has decided to shutter its NEO Home Loans division, which transitioned to the firm two years ago, the company announced on Friday. The expectation is that NEO will close by the end of February 2025. According to Luminate, the decision reflects, among other things, its “focus on integrating mortgage…
The National Reverse Mortgage Lenders Association (NRMLA) has elected its board officers and co-chairs for the 2024-2025 term, including a slate of new officers along with both new and returning co-chairs. Mike Kent, senior vice president of reverse asset management and industry relations at PHH Mortgage Corp., has been reelected as co-chair. This will be…
Sheryl Palmer, Taylor Morrison CEO, joins CNBC’s ‘Money Movers’ to discuss trends in homebuilding, what demographics are responding well to lower mortgage rates, and more.