Lenders One Picks Preferred Correspondent Investor

St. Louis-based Lenders One Mortgage Cooperative named West Monroe, La.-based correspondent loan purchaser Affiliated Mortgage Company (AMC) as a preferred investor. The deal will afford Lenders One members special terms from AMC, who will in turn will market and promote its services to the members. “[Affiliated Mortgage] has a strong commitment to correspondent lending, and they also have a strong commitment to providing the type of customer service that is necessary to make a correspondent lending channel successful,” Scott Stern, Lenders One CEO, said in a statement. Affiliated Mortgage is a subsidiary of the Dallas-based Benchmark Bank. Write to Austin Kilgore.

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Opinion: Should Florida’s new HOA law go nationwide? 

Starting July 1st, Florida’s HB 1203 law will bring unprecedented changes to HOA regulations, curbing excessive powers and implementing mandatory training for board members. Residents will benefit from fairer rule enforcement, requiring a 14-day notice, a hearing, and an appeal before any fines. This legislation aims to promote fair housing practices and protect homeowner rights, marking a significant step forward in addressing longstanding issues within HOAs.

3d rendering of a row of luxury townhouses along a street

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