Conforming, FHA loan limits rose for 2024, but who benefits?
The increase in conforming and FHA loan limits will help certain homebuyers, but will it move the needle enough on affordability challenges?
Source: housingwire.com
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Mid America Mortgage Rebrands To Click n' Close – NMP
Mid America Mortgage, Inc. announced it has rebranded as Click n’ Close on June 27. The rebrand comes shortly after the sale of its retail lending operations to Legend Lending, which is based in Houston. The multi-stage company, which specializes in Native American home loans, says they will retain retail operations related to its reverse mortgage and Native American lending business. Additionally, the company will focus on delivering innovative down payment assistance (DPA) and adjustable-rate mortgage (ARM) products through its third-party originator (TPO) channels.
Source: nationalmortgageprofessional.com
Mid America Mortgage selling retail lending business to Legend
Mid America will retain its focus on technology, third-party originations and secondary market executions for specialty products while helping the acquirer expand the scope of its operations.
Source: nationalmortgagenews.com