The reverse mortgage division of Fairway Independent Mortgage Corp. has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, real estate, homebuilding and title insurance industries. Pete Stebbins, 90, initially joined Fairway in 2012 and currently works as director of business development…
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The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in mortgage delinquencies since the start of COVID-19 pandemic. “The [NPL] sales program reduces the number of deeply delinquent loans in the Enterprises’ portfolios…
This is our second trade alert of the day.
The criminal charges against the Alexander brothers are now affecting Side’s civil lawsuit against them. Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners, that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. Side —…