Panorama Mortgage Group Appoints Philip Riccio Chief Financial Officer
Philip Riccio has been appointed chief financial officer for Panorama Mortgage Group, a multi-channel mortgage company headquartered in Las Vegas.
Riccio has two decades of...
First American: Home Prices Barely Increased in December
U.S. home prices increased slightly in December, rising just 0.1% compared with November and up 3.9% compared with December 2023, according to First American’s...
Mortgage Delinquencies Basically Flat in December But Foreclosure Starts Jumped
The national mortgage delinquency rate stood at 3.72% in December, a decrease of 0.60% compared with November but up 4.02% compared with December 2023,...
New Home Sales Up 3.6 Percent in December as Supply Struggles to Meet Demand
New home sales in December were at a seasonally adjusted annual rate of about 698,000, an increase of 3.6% compared with November and an...
Profit Margins for Home Sellers Continued to Shrink in 2024
Profit margins for home sellers decreased in 2024 compared with 2023, despite rising home prices, a report from ATTOM shows.
Home sellers made a $122,500...
Study: IMBs Originated 83 Percent of all Single-Family Mortgages in 2024
Independent mortgage bankers (IMBs) originated the vast majority (83%) all single-family mortgage loans, according to Community Home Lenders of America's (CHLA) 2024 Report on Independent...
Fannie Mae Multifamily Closed 2024 With More Than $55 Billion in Volume
Fannie Mae provided more than $55 billion in financing to support the U.S. multifamily market in 2024, the firm reports.
That includes more than $6.3...
The Mortgage Collaborative Taps Jodi Hall as CEO and President
Jodi Hall is the new CEO and president at The Mortgage Collaborative (TMC), a network of independent mortgage lenders, banks, credit unions, and service...
NAR: December Existing-Home Sales Increased 2.2 Percent Month-Over-Month
Existing-home sales increased 2.2% in December compared with November to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024,...
Dunmor Receives Minority Equity Investment From Newfi Lending
Dunmor, a provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers, has received a minority equity investment...
LERETA Announces Katie Brewer as its New CEO
Katie Brewer is the new CEO of LERETA, a provider of property tax data and flood hazard status information to mortgage servicers.
Brewer succeeds John...
Mortgage Rates Edged Back Down This Week
After increasing for the previous five weeks, the average rate for a 30-year fixed-rate mortgage this week dropped to 6.96%, down from 7.04% last...
Trump Administration Directs Federal Agencies to Lower the Cost of Housing
The Trump Administration on Monday issued a broad order to all federal agencies to develop and implement strategies that will “restore purchasing power to...
Rocket Unifies its Real Estate Search and Home Financing Platforms
Rocket Companies has unified its real estate search platform with its mortgage lending platform to create a single resource where home buyers can search...
Realfinity Secures Warehouse Facility From Bank of the Sierra
Realfinity, which offers a an embedded finance platform designed for dual-licensed real estate agents offering mortgages as an ancillary service, has secured a $5...
Fannie Mae: Expect Another Year of Sluggish Existing-Home Sales
The average rate for a 30-year will remain well above 6% for the near-future and existing-home sales will remain muted due to high home...
MBA: Mortgage Applications Inched Up Slightly Last Week
Mortgage application volume inched up 0.1% during the week ended January 17, as the average rate for a 30-year decreased to 7.02%, down from...
MBA: Share of Loans in Forbearance Dipped in December
The share of mortgage loans in forbearance stood at 0.47% as of December 31, a decrease of 3 basis points compared with .50% as...
HUD Updates FHA Loss Mitigation Waterfall to Give Mortgage Servicers More Options
The U.S. Department of Housing and Urban Development (HUD) has updated the Federal Housing Administration’s (FHA) loss mitigation waterfall, giving mortgage servicers more options...
ATTOM: Foreclosure Filings Decreased 3 Percent Nationwide in December
A total of 28,632 U.S. residential properties saw foreclosure filings – default notices, scheduled auctions or bank repossessions – in December, a decrease of...