“New Era for OneTrust Home Loans: Former NewRez Executive Steps in as CEO”
James Hecht will concentrate his efforts on broadening the scope of the company’s decentralized retail operations and collaborative venture sectors.
“Breaking Barriers: Mortgage Rates Hit 7% for the First Time Since Last December”
On Monday, mortgage rates crossed the 7% threshold, propelled by robust economic figures and indications that the Federal Reserve will proceed cautiously with any reductions.
“Ex-Executive Battles Guild for Allegedly Withholding $750,000 in Compensation: An Inside Look”
In 2021, James Seely, a seasoned executive in the mortgage industry, became a part of Guild after the company procured Residential Mortgage Holdings.
“Unraveling the Impact of Rising Mortgage Rates on Homebuying Decisions”
This morning saw a resurgence in mortgage rates, surpassing the 7% mark, stimulated by impressive economic growth statistics. Assuming that the strength of the economy and employment growth will reduce the need for rate cuts, the bond market reacted accordingly. Consequently, the yield on the 10-year bond has leaped beyond the 4% mark, which in turn has resulted in heightened mortgage rates.
“Unlocking Homeownership: Freddie Mac’s New $2500 Credit Offer through Home Possible HFA Advantage Mortgage Products”
Freddie Mac is stepping in to support very low-income buyers by providing a credit of $2,500. This financial assistance aims to mitigate the hardship of home buying in the current difficult circumstances.
“Revolutionizing FHA Regulations: Removing Mandatory Mortgage Branch Registration”
The recently implemented definitive regulation aims to facilitate participation of additional community-based organisations in FHA lending schemes, as per the institution’s statement.
“January Sees a Slight Dip in Reverse Mortgage and HMBS Issuance Volume”
The industry is advancing into a year that might witness significant shifts due to FHA and Ginnie Mae policy, triggering a slight decline in both measurements.
“Unraveling the Impact of Jobs Data on the Surge of Mortgage Rates”
The employment report on Friday came out stunningly triumphant, outperforming expectations. It showcased job increases that surpassed estimates, presented favorable modifications, and displayed a dynamic enhancement in wage progression.
“Breaking Boundaries: Top Producers at Draper and Kramer Quit National Association of Federally-Insured Credit Unions”
The collective output of these individuals equated to approximately $424 million the previous year, as demonstrated by the data.
“Fairway’s Unexpected Closure of Wholesale Channel: An In-depth Analysis”
On Friday, Fairway, the country’s ninth-biggest mortgage originator, confirmed it will be shutting down its wholesale channel. The company will now focus solely on retail.