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Author Archives: Eric C. Peck

Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.

The Crucial Role of Title in the Mortgage Transaction

Next week's Five Star webinar, presented by Selene Title, will discuss the topic of title and its critical role over the life of the loan. Why is title so important in the arena of SFR, build-for-rent, and bulk transactions? Click through to read more and register for the event.

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NYCB and Flagstar Deal Clears Hurdle

The Office of the Comptroller of the Currency (OCC) has approved the merger deal between NYCB and Flagstar Bancorp, however NYCB's acquisition of Flagstar remains subject to the approval of the Federal Reserve Board.

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Mortgage Rates Eclipse 7%

For the first time since April 2022, mortgage rates have surpassed the 7% mark, with many potential buyers now waiting to see where the market is headed, thus pushing home prices further downward.

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Single‐Family Home Sales Slip Nearly 20% YoY

With fixed-rate mortgages up nearly 195 basis points since mid-summer lows, new single-family homes tumbled in September, with more homeowners opting to remain in their current homes amid the erratic rate environment.

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