MISMO, the real estate finance industry’s standards organization, announced two new additions to its Board of Directors: Patrick Hartford, Vice President, Architecture and Engineering, at Rocket Mortgage, and Giuseppe “Joe” Lucido, Senior Vice President, Operations, at United Wholesale Mortgage.
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This issue of our newspaper tackles pressing issues such as …
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MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement regarding the Federal Housing Finance Agency’s (FHFA) conditional approval of Freddie Mac’s new proposal to purchase certain closed-end second mortgages:
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The MBA Opens Doors Foundation (Opens Doors) raised $220,000 at its Annual Charity Wine Auction during MBA’s Chairman’s Conference in Santa Barbara, California. The proceeds will support the Foundation’s mission of providing mortgage and rental assistance to families with critically ill or injured children, allowing parents and guardians to be by a child’s side during treatment without fear of losing their home.
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The ABA Foundation launched a new campaign, Unlocking Homeownership, which seeks to respond to the nation’s housing challenges by making it even easier for banks of all sizes to promote homeownership education and counseling. The campaign is part of the ABA Foundation’s celebration of June as American Housing Month.
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Planet Home Lending, LLC, a national mortgage lender and servicer, has a new team in Chandler, Arizona, led by Branch Manager Deb Gontko Klein (NMLS #1281046) with Loan Partner Robert Tiongson (NMLS #1585482).
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Patelco Credit Union has joined the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) Workforce Initiative Subsidy for Homeownership (WISH) matching down payment grant program to help more greater Bay Area residents achieve the dream of homeownership.
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ATTOM released its first-quarter 2024 U.S. Home Flipping Report showing that 67,817 single-family homes and condominiums in the United States were flipped in the first quarter. Those transactions represented 8.7 percent, or one of every 12 home sales nationwide, during the months running from January through March of 2024.
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Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 14, 2024.
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Embrace Home Loans, a top-ranked national mortgage lender, announced that Greg Dalgarno has been promoted from sales manager to director of builder services. Based in Timonium, Maryland, Dalgarno will focus on growing Embrace’s new construction home lending business throughout the East Coast by forming partnerships with homebuilders and recruiting loan officers who specialize in new home construction. Dalgarno expects to hire 15 to 20 new loan officers over the next year.
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