Mortgage assumption

Planet Home Lending to Use FICO Score 10 T for Deeper Insights into Mortgage Origination and Servicing Credit Performance

Retrieved on: 
Tuesday, April 9, 2024
Software, Data Analytics, Finance, Banking, Data Management, Professional Services, Technology, Fintech, 2022–23 Feyenoord season, Capital market, Organization, Government, Growth, Mortgage assumption, Credit

Planet will also employ FICO Score 10 T to further enhance retention and recapture analysis.

Key Points: 
  • Planet will also employ FICO Score 10 T to further enhance retention and recapture analysis.
  • Lenders including Cardinal Financial , Primis Mortgage , Premier Lending and others have recently adopted the model for non-conforming mortgages.
  • FICO Score 10 T can help lenders better manage credit risk and lower default rates while extending competitive credit offers to consumers.
  • “Planet’s use of FICO Score 10 T affirms its position as a forward-looking industry leader,” said Joe Zeibert, vice president of Mortgage and Capital Markets at FICO.

Forbright Bank Finances $6.4 Million Affordable Housing Project in Massachusetts

Retrieved on: 
Thursday, August 24, 2023
Residential Building & Real Estate, Banking, Social Services, Construction & Property, Professional Services, White House, Federal Government, State, Local, Public Policy, Government, Environment, Finance, Sustainability, United States Department of Housing and Urban Development, Partnership, Housing, U.S. Department of Housing and Urban Development, Office of Inspector General, United States Secretary of Housing and Urban Development, FDIC, HUD, Equal housing lender, MIP, Mortgage assumption, HAP, Commercial property, Real estate

Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable economy, utilized its newly established Housing and Urban Development (HUD) Lending platform to provide a $6.4 million loan to Willow Apartments in Lynn, Massachusetts.

Key Points: 
  • Forbright Bank, a nationwide full-service bank helping accelerate the transition to a sustainable economy, utilized its newly established Housing and Urban Development (HUD) Lending platform to provide a $6.4 million loan to Willow Apartments in Lynn, Massachusetts.
  • It’s owned and managed by an affordable housing developer with decades of experience developing, owning, and managing projects in the New England region.
  • The project has 44 units, 43 of which are covered by a Project Based Section 8 Housing Assistance Payments Contract (HAP Contract).
  • Forbright Bank ( www.forbrightbank.com ), Member FDIC, Equal Housing Lender, is a full-service bank taking action to decarbonize the economy.

Greystone Provides $10.6 Million in HUD-Insured Financing for Affordable Housing Community in Jacksonville, Florida

Retrieved on: 
Thursday, March 30, 2023
LTV, FHA, Housing, MIP, Mortgage insurance, Old American Company, HUD, Mortgage assumption, Commercial property

The financing was originated by Eric Rosenstock and Jesse Yodice at Greystone, on behalf of Royal American Companies.

Key Points: 
  • The financing was originated by Eric Rosenstock and Jesse Yodice at Greystone, on behalf of Royal American Companies.
  • Built in 1980, Oak Tree Apartments in Duval County consists of 26 detached buildings with 162 one-, two-, and three-bedroom units.
  • The $10.6 million HUD-insured financing carries both a 35-year term and amortization with a low, fixed rate and 90% loan-to-value (LTV).
  • “We were thrilled with our team’s passion for affordable housing and their dedication to getting us what we needed for this property.

Histogen Reports Year-End 2022 Results and Provides Business Update

Retrieved on: 
Thursday, March 9, 2023
Methicillin, Trial of the century, IND, Conatus, Acquisition, HST, Medication, Pfizer, Enzyme, ABSSSI, Knee, SAN, Mortgage assumption, Research, NSF, Patient, Extracellular matrix, CCM, Interim, Staphylococcus aureus, EVP, Apoptosis, Cartilage, CSO, Inflammation, COVID-19, Insurance, Caspase, Toxicology, Sale, MRSA, Safety, Pharmaceutical industry, Cryptocurrency, Allergan

Twelve Months Ended December 31, 2022 and 2021

Key Points: 
  • Twelve Months Ended December 31, 2022 and 2021
    For the years ended December 31, 2022 and 2021, we recognized license revenues of $3.8 million and $27 thousand, respectively.
  • For the years ended December 31, 2022 and 2021, we recognized grant revenue of $0 and $0.1 million, respectively.
  • Research and development expenses for the years ended December 31, 2022 and 2021 were $5.0 million and $8.5 million, respectively.
  • General and administrative expenses for the years ended December 31, 2022 and 2021 were $9.4 million and $7.8 million, respectively.

Freedom Mortgage Corporation Begins Accepting Submissions for Celebrate Freedom Award

Retrieved on: 
Monday, March 1, 2021
Loans, Mortgage industry of the United States, Money, Finance, Mortgage loan, Economy, Mortgage assumption

MOUNT LAUREL, N.J., March 1, 2021 /PRNewswire/ -- Freedom Mortgage , one of the largest full-service mortgage companies and the #1 VA and #1 FHA (government-insured) lender in the U.S., began accepting submissions today for the second annual Freedom Mortgage Celebrate Freedom Award.

Key Points: 
  • MOUNT LAUREL, N.J., March 1, 2021 /PRNewswire/ -- Freedom Mortgage , one of the largest full-service mortgage companies and the #1 VA and #1 FHA (government-insured) lender in the U.S., began accepting submissions today for the second annual Freedom Mortgage Celebrate Freedom Award.
  • "At Freedom Mortgage, we have a tradition of giving back to the community and I'm proud we can return with the Celebrate Freedom Award for another year."
  • As an incentive to encourage submissions for the Celebrate Freedom Award, Freedom Mortgage will make a $5 donation to Feeding America for each of the first 600submissions, which is the equivalent of 30,000 meals.
  • For full contest rules and to enter the Freedom Mortgage Presents Celebrate Freedom Award contest, visit www.FreedomMortgage.com/Celebrate .

The Motley Fool Names Veterans United Home Loans Best Mortgage Lender for VA Loans

Retrieved on: 
Thursday, December 24, 2020
Commercial Building & Real Estate, Other Defense, Construction & Property, Finance, Public relations, Investor relations, Marketing, Communications, Professional services, Defense, Residential Building & Real Estate, Loans, Money, Finance, Mortgage industry of the United States, Financial services, Veterans United Home Loans, VA loan, Mortgage loan, Mortgage, Draft:Flat Branch Home Loans, Mortgage assumption, Commercial Building & Real Estate, Other Defense, Construction & Property, Finance, Public relations, Investor relations, Marketing, Communications, Professional services, Defense, Residential Building & Real Estate, Loans, Money, Finance, Mortgage industry of the United States, Financial services, Veterans United Home Loans, VA loan, Mortgage loan, Mortgage, Draft:Flat Branch Home Loans, Mortgage assumption

Veterans United Home Loans , the nations largest VA purchase lender, has been named the Best Mortgage Lender for VA Loans this year by The Ascent, a Motley Fool service.

Key Points: 
  • Veterans United Home Loans , the nations largest VA purchase lender, has been named the Best Mortgage Lender for VA Loans this year by The Ascent, a Motley Fool service.
  • More Veterans chose Veterans United to purchase their homes with their VA Home Loan benefit in Fiscal Year 2020 than the next four lender competitors combined, according to VA data.
  • Our employees are dedicated to providing the best possible customer experience to our Veterans and service members, said Nate Long, CEO of Veterans United.
  • What's more, Veterans United's offerings expand beyond just VA loans, making it a versatile lender for an array of mortgage loan needs.

Reverse Mortgage Company Collects Top Honor from TopConsumerReviews.com

Retrieved on: 
Monday, November 16, 2020
Mortgage, Loans, Finance, Old age, Reverse mortgage, Money, Mortgage loan, Quicken Loans, Financial services, Mortgage broker, Mortgage assumption

OVERLAND PARK, Kan., Nov. 16, 2020 /PRNewswire-PRWeb/ -- TopConsumerReviews.com recently awarded its best-in-class 5 star rating to One Reverse Mortgage, a leader among websites for individuals looking to obtain a Reverse Mortgage.

Key Points: 
  • OVERLAND PARK, Kan., Nov. 16, 2020 /PRNewswire-PRWeb/ -- TopConsumerReviews.com recently awarded its best-in-class 5 star rating to One Reverse Mortgage, a leader among websites for individuals looking to obtain a Reverse Mortgage.
  • This includes a mandatory counseling session with a HUD representative before a Reverse Mortgage loan can be approved.
  • To find out more about One Reverse Mortgage and other providers of Reverse Mortgages, including reviews and comparison rankings, please visit the Reverse Mortgages category of TopConsumerReviews.com at https://www.topconsumerreviews.com/reverse-mortgages/ .
  • One Reverse Mortgage was founded in 2001 and has grown to become the largest retail reverse mortgage lender in America.