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New Home Sales Plummeted 16.6 Percent in April as Mortgage Interest Rates Surged Upward

New home sales tanked in April, falling 16.6% compared with March and 26.9% compared with April 2021, as mortgage interest rates increased and home...

Why a Better Services Strategy Solves a Lender’s Inefficiency Problem

The resounding message at the Mortgage Bankers Association (MBA) Secondary Marketing Conference echoed what we heard loud and clear at this spring’s MBA Tech...

Gene Shibata: Don’t Let Operational KPIs Fall Behind

PERSON OF THE WEEK: Now that pandemic-related foreclosure protections are coming to an end - and with the U.S. economy sputtering due to massive...

Igor Simkin Leads StoicLane’s Concordia Group Holdings as CEO

StoicLane, a long-term growth platform making strategic acquisitions to support digitizing finance, insurance and real estate verticals (FIRE), has named Igor Simkin as CEO...

Longbridge Financial Appoints Bill Packer as COO

Longbridge Financial LLC, a national reverse mortgage loan originator and servicer, has named Bill Packer, former COO and director of American Financial Resources, is...

Housing Starts Dipped in April as Headwinds Slowed Production

Housing starts in April were at a seasonally adjusted annual rate of 1.724 million, a decrease of 0.2% compared with March but an increase...

Embrace Home Loans Taps Mehdi Pirzadeh as Senior Loan Officer, VP

Mehdi Pirzadeh has re-joined Embrace Home Loans as senior loan officer and vice president in the company’s Rockville, Md., office. Pirzadeh is a top-producing loan...

Cherry Creek Mortgage Adds Rick Hogle as Chief Revenue Officer

Rick Hogle has joined Cherry Creek Mortgage, a nationwide, full-service mortgage lender, as chief revenue officer. Hogle brings a breadth of experience, proven leadership and...

Mortgage Applications Decrease 11 Percent in One Week

Mortgage applications decreased 11% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s...

Reducing Disparity in the Minority Homeownership Rate

Driven mainly by the pandemic and subsequent demand for detached single-family homes, the U.S. homeownership rate jumped to 65.5% in 2020, an increase of...

Fiserv, BeSmartee Launch Digital Mortgage Lending Platform

Fiserv Inc., a global provider of payments and financial services technology solutions, has debuted an intuitive digital mortgage lending platform. Digital Mortgage Center from...

Biden Administration Releases Federal Plan to Ease Housing Costs, Boost Market

President Biden has released a Housing Supply Action Plan to ease the burden of housing costs over time by boosting the supply of quality...

Guild Mortgage CashPass Program Enables Homebuyers to Make Cash Offers

Guild Mortgage has introduced CashPass, a new program to help homebuyers compete with all-cash offers in this competitive housing market. The program allows homebuyers...

Panorama Mortgage Integrates Vision Mortgage into Brand Group

Vision Mortgage Group has joined Panorama Mortgage Group (PMG), a multi-brand national mortgage company headquartered in Nevada. Mark Charlton will lead the company as...

Julia Gordon Confirmed as FHA Commissioner

After significant delays, Julia Gordon has been confirmed Assistant Secretary for Housing, Federal Housing Commissioner, Department of Housing and Urban Development.  Gordon was originally nominated...

Fannie Mae Releases Latest Sale of Non-Performing Loans

Fannie Mae’s latest sale of non-performing loans has been declared as part of the company's ongoing effort to reduce the size of its retained...

ATTOM: Nearly 45 Percent of Mortgaged Properties Were Equity-Rich in Q1 2022

The Q1 2022 U.S. Home Equity & Underwater Report from ATTOM shows that 44.9% of mortgaged residential properties in the United States were considered...

Otmane Laassel: How Mortgage Lenders Can Serve the Underserved

PERSON OF THE WEEK: As the mortgage industry and its regulators strive to bring homeownership to more borrowers throughout the country, many lenders are...

MBA: Mortgage Application Rate Grew by 2 Percent in One Week

Mortgage applications increased 2% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s...

Strong Job Gains in April, Unemployment Rate Flat at 3.6 Percent

The U.S. economy added 428,000 jobs in April, exceeding expectations, while the unemployment rate remained flat at 3.6%, according to the U.S. Bureau of...