by mdibrino@hqmloans.com | Nov 28, 2022 | Uncategorized
Seasoned mortgage leader Jim Janczy (pictured) has joined Massachusetts-based retail lender NewFed Mortgage as its new executive vice president and chief production officer. In his new role, Janczy will lead the company’s sales and marketing teams. NewFed, founded in...
by mdibrino@hqmloans.com | Nov 23, 2022 | Uncategorized
MPA reached Homepoint spokesperson Brad Pettiford to confirm the development. “Yes, I can confirm that we did some reductions last week and filed WARN notices in four states, and it impacted about 100 people,” he told MPA. In addition to Texas, Pettiford said, jobs in...
by mdibrino@hqmloans.com | Nov 23, 2022 | Uncategorized
The 30-year, fixed-rate mortgage fell for the second week in a row to 6.67%, which MBA vice president and deputy chief economist Joel Kan observed was now almost 50 basis points lower than the recent peak of 7.16% recorded a month ago. Read more: October sees 29% drop...
by mdibrino@hqmloans.com | Nov 23, 2022 | Uncategorized
At the same time, Black Knight’s numbers showed the first signs of the aftermath from Hurricane Ian, with the national delinquency rate shooting up from September to 2.91% in October and Florida topping the list of most new early delinquencies (+19,000) with a...
by mdibrino@hqmloans.com | Nov 23, 2022 | Uncategorized
Similarly, investors saw their market share shrink for the second quarter in a row as they held off on making home purchases, buying around 65,000 homes in the metropolitan areas included in Redfin’s third quarter report. This equated to 17.5% of all homes purchased...
