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Former Nationstar VP Joins Pacific Union Financial

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In Texas, Pacific Union Financial, LLC hired Tim Wagner as SVP of marketing. Wagner joins the company from Nationstar Mortgage, where he was VP of marketing. There, he directed the integrated and ecommerce marketing teams, supporting all corporate, servicing, and originations decisions.

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Report: Production, Profits Up at Independent Mortgage Bankers

Production and profitability both increased among independent mortgage bankers last quarter, though commissions continue to decline, according to a quarterly trend report released by Richey May & Co. The quarterly benchmarking survey--put together using the company's Richey May Select analytical technology--shows overall production increased among independent mortgage banks by 11 percent from the first quarter to the second.

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Home Inventory Declines Ease in July

Home inventories continue to decline in many markets across the country, but the pace of those declines appears to be slowing, which may in turn slow price appreciation in some markets, according to Realtor.com. National housing inventory declined 5.24 percent year-over-year in July, which is a slowdown from the 16.47 percent year-over-year decline reported in January. At the same time, the number of markets with declining inventory year-over-year decreased to 118 in July.

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