National lender purchases Illinois-based firm, adding approximately 15 branches, and nine satellite offices in 17 states to its growing national retail network.
Read More »Andrew Strickman Named Chief Marketing Officer for New American Funding
Bringing more than 20 years of experience to his new role, Andrew Strickman has been tapped to lead a team of more than 50 to grow New American Funding’s efforts in branding, events, insight, strategy, and audience marketing.
Read More »Mortgage Rates Bump Up to 21-Year High
Hitting levels last recorded in 2001, Freddie Mac reports the fixed-rate mortgage at 7.23% this week, forcing more prospective buyers to back to the sidelines and pushing purchase activity to a 28-year-low.
Read More »Home Purchase Apps Drop to Near 30-Year-Low
The MBA reports a 4.2% week-over-week slide in overall mortgage application volume, with apps for home purchase mortgages falling to levels last reported in April of 1995, as rates shot up to the 7.30% range.
Read More »HUD: Federal Actions Helped Avert Pandemic-Related Surge in Homelessness
A pair of new HUD reports suggest that federal relief prevented a rise in evictions and homelessness during the pandemic through a series of federal intervention actions.
Read More »Better Home & Finance to Close Business Combination With Aurora
Digital homeownership company that has surpassed $100 billion in funded loans will become a publicly traded company and continue developing its proprietary loan origination platform, Tinman.
Read More »Michael Wise Joins CMG as Area Sales Manager
Bringing more than 30 years of industry experience to his new role, former Capstone Direct Mortgage Financing Founder joins the retail division of CMG Financial.
Read More »Home Builder Confidence Wanes in August
After seven straight months of positive sentiment in builder confidence, mortgage rates exceeding the 7% mark, as well as high shelter inflation, have eroded housing affordability and put a damper on consumer demand.
Read More »HUD Modifies Housing Voucher Program to Help Fight LA Homelessness
HUD announces changes to a rule that will expedite much-needed assistance in providing housing and supportive services to the growing homeless population in Los Angeles.
Read More »Gateway Promotes Mark Revard to Division EVP/National Production Manager
With more than 30 years of industry experience, the company’s new Division EVP/National Production Manager will be responsible for all distributive retail sales in 115 nationwide mortgage centers across 43 states.
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