Home Point Financial Hires Tim Fitzgerald as Regional Manager
Tim Fitzgerald recently joined Home Point Financial Corp., a national mortgage originator and servicer, as managing director - regional manager.
Fitzgerald has nearly 30 years...
Mr. Cooper to Acquire Pacific Union Financial
Mr. Cooper Group (Nationstar Mortgage d/b/a Mr. Cooper) is planning to acquire Pacific Union Financial, a Dallas-based mortgage originator and servicer with 700 active clients...
Mortgage Rates Rise to a Seven-Year High
Mortgage rates continued their upward march this week, with the average rate for a 30-year fixed-rate mortgage (FRM) rising to a seven-year high of...
FHFA Sets Caps on Multifamily Lending For Fannie and Freddie
Multifamily lending caps for Fannie Mae and Freddie Mac have been set at $35 billion for 2019, unchanged from the 2018 caps, the Federal...
Consumer Sentiment Toward Housing Falls Despite Economic Optimism
Despite an improving economy, consumer sentiment toward the housing market continued to fall in October, dropping 2.0 points to a score of 85.7 on...
Built Technologies Hires Riley Thomas as SVP of Revenue
Riley Thomas has joined Built Technologies, a Nashville-based fintech company focused on bringing construction lending into the digital age, as senior vice president of...
Mortgage Applications Fall to Lowest Level Since December 2014
Mortgage application volume fell 4.0% on an adjusted basis during the week ended Nov. 2, as the average rate for a 30-year increased to...
Mortgage Credit Loosened in October
After decreasing slightly in September, mortgage credit availability jumped in October, rising 2.5% to a score of 186.7 on the Mortgage Bankers Association’s (MBA)...
Alterra Home Loans Rebrands its Legacy Division
Alterra Home Loans, one of the largest minority-owned mortgage companies in the U.S., is rebranding its Legacy Division to Legacy Home Loans.
The division will...
Erosion of Affordability is Slowing Home Price Growth
U.S. home prices increased 0.4% in September compared with August and were up 5.6% compared with September 2017, according to CoreLogic’s home price index.
Currently,...
Fannie Mae’s CAS Deals Now Utilizing REMIC Structure
In an effort to make the product more attractive to market participants, including real estate investment trust (REIT) investors and international investors, all of...
Freddie Mac Promotes Deborah Jenkins to Head Multifamily Business
Deborah Jenkins has been promoted to executive vice president in charge of Freddie Mac’s multifamily business, effective immediately.
Jenkins is also now a member of...
CoreLogic Nabs Ralph McLaughlin as Deputy Chief Economist
Ralph McLaughlin has joined CoreLogic as deputy chief economist.
Previously, McLaughlin served as chief economist at Trulia, where he was widely recognized as a housing and mortgage market...
Roostify Hires Courtney Keating Chakarun as Chief Marketing Officer
Courtney Keating Chakarun has joined Roostify, a digital lending platform provider, as chief marketing officer.
Chakarun was previously with CoreLogic, where she served as senior...
Strong Jobs Report, Rising Wages, Good News For Mortgage Lenders
The U.S. economy added about 250,000 jobs in October, with strong gains in health care, manufacturing, construction, and transportation and warehousing, the U.S. Bureau...
Zillow Completes Acquisition of Mortgage Lenders of America
Zillow Group is officially a mortgage lender, now that it has completed its acquisition of Mortgage Lenders of America.
The online real estate giant first...
Lee Warbinton Heads Waterstone Mortgage’s New Office in Kyle, Texas
Waterstone Mortgage Corp. has opened a new location in Kyle, Texas, that will be managed by Lee Warbinton.
Warbinton has more than 20 years of...
Freddie Mac: Mortgage Rates Fell This Week
Mortgage rates dipped slightly this week, with the average rate for a 30-year falling to 4.83%, down from 4.86%, according to Freddie Mac’s weekly...
Freddie Mac: Rising Rates, High Home Prices Will Continue to Slow Sales
After a strong second quarter, GDP growth is projected to slow to around 3% in the third quarter, a drop of 1.2%, according to...
Mortgage Applications Fall on Higher Rates, Market Volatility
Mortgage application volume fell 2.5% on an adjusted basis during the week ended Oct. 26, as the average rate for a 30-year remained flat...