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Origination

Scott Arnold Promoted to SVP of Finance at DIMONT

DIMONT, a Dallas, Texas-based provider of insurance claims and collateral loss mitigation for residential mortgage and auto loans, announced Wednesday Scott Arnold will serve as the company’s SVP of Finance and Administration. With more than 40 years of experience in senior level positions in accounting, finance, and management across several industries, Arnold came to DIMONT in 2016 as VP of Finance. He had previously served as DIMONT’s interim controller twice. Arnold is licensed as a CPA in Texas and Wisconsin and holds a Bachelor of Business Administration in Accounting from the University of Wisconsin-Milwaukee.

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A Good Day for Treasuries

Treasury yields are commonly linked to mortgage interest rates, and Friday saw a drop in yields for the 10-year, 30-year, and 2-year bonds in anticipation of speeches given by Esther George, President and CEO of the Federal Reserve Bank of Kansas City, and Patrick Harker, President and CEO of the Federal Reserve Bank of Philadelphia.

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Mortgage Apps Rebound

Mortgage applications have rebounded according to survey data released Wednesday morning. Coming off a 2 percent decrease the week of August 25, applications bounced back—and then some.

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