by mdibrino@hqmloans.com | Feb 24, 2023 | Uncategorized
Fairway Independent Mortgage, the nation’s third-largest retail mortgage lender, has announced the addition of Kym Poladsky (pictured) to its Denver region. Poladsky, a veteran of the mortgage industry with 40 years of experience, will join the Mandie Pallone team as...
by mdibrino@hqmloans.com | Feb 24, 2023 | Uncategorized
Non-agency lender AG Mortgage Investment Trust (MITT) has published its financial results for the quarter ended Dec. 31, 2022. The REIT posted a net loss of $3.12 per diluted common share in 2022. Its dividend per common share was down to $0.81 per common share....
by mdibrino@hqmloans.com | Feb 23, 2023 | Uncategorized
To illustrate, he focused on some of the numbers. “Home closings last year were 6,621,” he noted. “This was not the goal we set. And to be frank, we were disappointed we missed our guidance even by such a narrow margin.” Growing lack of affordability exacerbates...
by mdibrino@hqmloans.com | Feb 23, 2023 | Uncategorized
Its single-family unit brought in $75 billion in Q4 through new business activity, down 72% year over year as refinance activity slowed due to higher interest rates. Full-year activity of $541 billion was also down 56% from 2021. On the other hand, Freddie Mac...
by mdibrino@hqmloans.com | Feb 23, 2023 | Uncategorized
Wells Fargo has continued to retreat from the residential lending arena, laying off hundreds of mortgage bankers this week. The latest job cuts impacted more than 500 employees, Bloomberg reported, citing a person with knowledge of the situation. Wells Fargo announced...
