News & Articles

“Single-family starts are showing gradual improvement from the beginning of the year, and this is reflected in our builder sentiment surveys, which are up for five consecutive months,” said Alicia Huey, chairman of the National Association of Home Builders (NAHB)....

“Movement is committed to making the dream of homeownership a reality for individuals and families across the country,” Movement CEO Casey Crawford said in the company’s blog post. “Movement Boost will be a game-changer for homebuyers seeking down payment assistance.”...

JLL Capital Markets has appointed a new senior managing director to co-head its national net lease platform. The commercial real estate firm tapped company veteran Alex Sharrin (pictured) to lead the platform alongside senior managing director Coler Yoakam. Currently...

The Loan Store weighs in During a telephone interview with Mortgage Professional America, The Loan Store’s spokesperson, Brad Pettiford, described what prompted the company to weigh in on the matter. The NMLS proposal would require non-delegated companies to provide...

Guarantee fees are intended to cover Fannie and Freddie’s administrative costs, expected credit losses, and cost of capital associated with guaranteeing securities backed by single-family mortgage loans. Read more: Industry applauds FHFA’s move to rescind DTI-based...

Office users are reassessing space needs – a pronounced change in attitude rooted to the days of COVID-19’s peak. Bergman described the prevailing attitude now: “‘Instead of having one office in midtown Manhattan with 150,000 square feet of space, we’re OK with having...

Read more: Mortgage originations plummet – what can you do about it? Both refinance and purchase application volumes also edged down from the week prior. MBA’s refinance index declined by 8%, and the purchase index decreased by 4.8%. “Purchase applications decreased...

Freddie Mac has announced the winners of its annual Home Possible RISE Awards, which recognizes top mortgage companies committed to making sustainable homeownership through the Freddie Mac Home Possible loan product. On a national level, United Wholesale Mortgage won...

MAXEX has added a new non-QM offering to its mortgage exchange platform. The company described the new MAXEX Non-QM loan program as the “industry’s first multi-seller to multi-buyer flow liquidity program for alternative documentation loans.” The first flow loan...

The key now is not to get mired in the current slowdown but look to the future, he added: “We focus on the long term,” he said. “We know our models are going to work and it’s working right now. We know our way of doing business is the future. We’re dealing with the...

Yet she cautioned the decline in delinquencies is likely short-lived: “We’re still forecasting for an economic slowdown, a mild recession, in the second half of the year,” she said. “That’s been pushed back a bit, but between hospitality and services jobs, we’re still...

In addition to the rebrand, the agency announced a string of executive hires and promotions, with women now accounting for 70% of the management team. The recent additions include Pam Cooper (chief financial officer), Alicia Wood (loan servicing director), Cari Zwick...