All Posts By Robin Masters
The Majestic Home Loan Legacy Issue That Caused It’s Collapse
The Majestic Home Loan Legacy Issue That Caused It’s Collapse Was Due To Late Owner’s Inexperienced Son When Majestic Home Loan has abruptly closed last month the company was pretty tight lipped about the cause. All the company said was it was a legacy issue. What was the mysterious and unspoken Majestic Home Loan legacy…
Majestic Home Loan Abruptly Shuts Down
California Based Wholesale Lender Majestic Home Loan Reportedly Shut Their Doors On January 31st. Posts on social media say RMK Financial who does business as Majestic Home Loan has abruptly closed. Former AEs say the wholesale mortgage lender had to close their business due to a legacy issue. Another former AE posted a similar comment…
Reverse Mortgage Funding LLC Is Dead
Reverse Mortgage Funding LLC Files Bankruptcy Fires 90% Of Staff It’s the final curtain for Reverse Mortgage Funding LLC aka RMF. The NJ-based reverse mortgage abruptly halted all funding shortly after Thanksgiving. then, last week they filed for bankruptcy protection. The group has further petitioned the bankruptcy court to allow it to make some minor…
US Bank Runs Away From Florida’s Marginalized Homeowners
US Bank Runs From Florida Housing Faster Than OJ Simpson In A Hertz Commercial And Without Warning In what might be a sign of a larger exit from the lending business, US Bank recently terminated its long-time relationship with Florida Housing Finance Corporation aka FL Housing. FL Housing is the state’s agency for, “Affordable housing…
MBS Market Warning: Is A Meltdown On The Immediate Horizon?
MBS Market Warning: On Any Given Day, The MBS Market Is 6 Hours Away From Total Collapse The volatility of the MBS market is a topic that absolute no one is talking about. Well that is outside the gin-soaked Wall Street cocktail parties. Many outside the industry mistakenly believe that Mortgage-Backed Securities market went away…