Guild Mortgage has announced its agreement to acquire the retail lending assets of Academy Mortgage Corp.
American Financial Resources (AFR) has announced that it completed the sale of 100% of the company to an investment group led by Proprietary Capital. The transaction was previously announced in August, and the transaction was completed on Feb. 8. AFR is a full-service mortgage banking company with direct, wholesale and correspondent lending divisions that offer products ranging from agency, non-agency, and government lending, with a niche in construction and manufactured home mortgage programs. Proprietary Capital is a fund manager based in Denver, providing an institutional platform for investors to gain exposure to the residential mortgage market and housing-related assets.
Better has announced the launch of Better Mortgage VA Loans, a fully digital VA loan program available to eligible veterans, service members, National Guard and Reserve members, and, in some cases, veterans’ spouses. The offering, available in all 50 states, allows qualified individuals to secure a primary residence mortgage for up to 100% of the purchase price with no downpayment requirement.
