The Pennsylvania Superior Court ruled that Reverse Mortgage Funding's lien on the property remained intact, asserting its senior priority over the original mortgage despite the foreclosure auction proceedings.
Peter Sciandra, executive vice president at Fairway Independent Mortgage Corp., states that connecting with borrowers effectively starts with the salespeople they first interact with. He emphasizes the importance of having good loan officers as they significantly contribute to the business's growth. Supporting loan officers is crucial to help them generate their own business without becoming overly reliant on external leads, which could dry up, affecting overall business health.
"The return of ReMIT will continue to be a supportive foreclosure prevention tool for D.C. residents. It's imperative to take action and provide financial assistance to retain and preserve homeownership in the District, especially for our long-term residents."