Intercontinental Exchange, Inc. (NYSE:ICE), a provider of technology and data, reports the following “first look” at November 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
Read More
The Consumer Financial Protection Bureau (CFPB) sued Rocket Homes to stop them from providing incentives to real estate brokers and agents in exchange for steering homebuyers to Rocket Mortgage, LLC for loans. The CFPB also sued Jason Mitchell, his real estate brokerage firm, JMG Holding Partners LLC, which does business as The Jason Mitchell Group, and the individual real estate brokerage companies in the 41 states and the District of Columbia where it does business (The Mitchell Group), for their role in the unlawful scheme.
Read More
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.50% as of November 30, 2024. According to MBA’s estimate, 250,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020.
Read More
At the 2024 President’s Gala held on Friday, December 6th, at Georgia Military College (GMC), GMC President Lieutenant General William B. Caldwell IV, USA (Ret.) proudly announced this year’s recipient of the President’s Leadership Award: Mr. Rob Posner, Founder and CEO of NewDay USA, and longtime friend and supporter of the students and cadets at GMC.
Read More
This edition of our magazine tackles pressing issues such as …
Read More
Executive Interview with Frank Poiesz, President at Constellation Mortgage Solutions
Read More
Homebuyer affordability declined in November, with the national median payment applied for by purchase applicants increasing to $2,133 from $2,127 from October. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
Read More
Matador Lending, a Texas-based mortgage company, has partnered with Calque to offer The Trade-In Mortgage™ to California, Florida, Georgia, and Texas borrowers. This innovative loan option allows homeowners to utilize the equity in their existing property to buy a new home without selling their current one first.
Read More
Planet Home Lending has hired Candice McNaught as Senior Vice President, Business Development and Strategic Initiatives for the Distributed Retail channel. McNaught brings more than 16 years of experience in driving revenue growth, recruiting high-performing sales teams, and implementing strategic initiatives across the financial industry.
Read More