News & Articles

The inspiration to launch the program is to help consumers buy homes, he said, without mention of rival UWM: “I’m in the business of changing people’s lives,” Fawaz said. “This is a program that can change American lives. It hasn’t been a kind market for any of us,...

Application volume for mortgage loans declined for the third consecutive week against an increasingly cloudy economic backdrop, the Mortgage Bankers Association reported today. MBA’s Market Composite Index, a measure of mortgage applications, slumped 3.7% on a...

loanDepot has named company veteran Alec Hanson (pictured) as its new chief marketing officer, effective immediately. The lender promoted Hanson, previously senior vice president of production for the West division, to lead its marketing team and oversee the...

Penn added that this acquisition will result in greater operating efficiencies, a larger market capitalization, and attractive long-term unsecured debt and preferred equity capital. Read more: Ellington Residential Mortgage REIT publishes Q4 financial report “Upon...

The year-over-year house price index also rose modestly, up 0.7% in March. The acceleration was apparent in many Western states. “The CoreLogic S&P Case-Shiller Index squeezed a 0.7% year-over-year increase in March. But, monthly gains, up 1.3% from February, are...

Time is ripe for non-QM lenders to expand | Mortgage Professional TV [embedded content] LATEST NEWS Free e-newsletter Our daily newsletter is FREE and keeps you up to date with the world of mortgage. This page requires...

Apparently, there’s not even so much as a bubble in today’s market. Len Kiefer, deputy chief economist at Freddie Mac, recently explained to Forbes why the US housing market is not currently encased in such a bubble. “A bubble has three defining characteristics: price...

Read next: Not all bank failures are the same, broker says People familiar with the decision told Bloomberg the exact number of workers affected by the move is unclear, but the unit’s managing director, Michael Sudnow, is among those leaving the bank. “We are fully...

Back to square one It was time to rebuild. “I did a little sabbatical for about a year in New Mexico,” he said. “I had to live with my parents, and they helped me with my kids. I had four kids. They crashed with me. We all crashed together!” he said, now able to laugh...

The wholesale mortgage lender has also expanded its Conventional 1% Down product, allowing borrowers with less than 80% of the area median income (AMI) to qualify. Eligible borrowers will put down 1% of the loan towards their down payment, and UWM will then pay a 2%...

Smith started her career in 2004 as regional manager of wholesale sales at Financial Freedom. After that, she helped One Reverse Mortgage develop a successful sales team as senior vice president of wholesale lending. “I am so excited to announce I have joined the...

Before joining Movement, Koss served as executive vice president at Mortgage Network, while Hayes was senior vice president of residential lending. “I am grateful for the opportunity to continue to work with Ryan, a rising star in the industry, and to be part of the...