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FOA announces amendment and update for bond exchange offer

Housing Wire

FOA also advised that any investors who participate could receive “a cash fee equal to 0.25% of the aggregate principal amount of outstanding 2025 unsecured notes that are exchanged,” according to the announcement. Anyone with potential interest in the agreement must signal their intent to participate by 5 p.m.

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FHA institutes new payment supplement partial claim

Housing Wire

The new option Partial claims are interest-free loans from HUD that borrowers use to make their payments current, with the remainder of the late payments added to the principal and extended for 30 years. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae. million COVID-19 loss-mitigation actions.

Principal 417
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HighTechLending leaders say flexibility, added value drive rebranded wholesale division

Housing Wire

California -based HighTechLending , a top-10 lender in the reverse mortgage industry, recently announced that it was rebranding its wholesale channel to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

Lending 412
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Mr. Cooper exits reverse servicing space with sale to MAM

Housing Wire

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion.

Sales 402
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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

A national research study conducted by Brand Builders Group found that some 74% of all Americans and 85% of millennials aged 35 to 44 say they are more likely to trust someone who has an established personal brand. Follow these tips to differentiate yourself from the pack and enhance your professional brand.

Agents 407
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. For real estate professionals, this option presents an opportunity to capture more sales. They have been able to reach sales goals with relative ease for over a decade.

Finance 461
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Investing in Success: Strong Branding and a Robust Online Presence

RIS Media

Frank Polsinello, principal of RE/MAX Hallmark Polsinello Group Realty, is well known for his exceptional work ethic and sharp negotiation skills. Working toward moving out of sales production altogether, they were able to focus on growing their team and scaling their business. “Amy was incredible from start to finish.