Notable mortgage industry hires and promotions, Sept. 19-23
Reading Time: 2 minutesEmbrace Home Loans announced that leading mortgage originator Michael Puorro has joined its bra… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Federal Reserve dials up another rate increase of 75 basis points
Reading Time: 2 minutesThe Federal Reserve raised its benchmark interest rate by 0.75% after the September meeting of its F… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Existing home sales beat projections but still backtrack for seventh straight month
Reading Time: 2 minutesAugust marked the seventh consecutive monthly decline in U.S. existing home sales, according to the … Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Housing construction surprises with August rebound — but permits spell another downturn
Reading Time: 2 minutesResidential construction logged an unexpected rebound in August, with housing starts surging 12.2% m… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Home values drop for second straight month, but volatile rates continue to hamper buyers
Reading Time: 2 minutesWith affordability continuing to keep prospective homebuyers from entering the purchase fray, U.S. h… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
HMDA data reveals growing minority purchase share, confirms market shift from refi to purchase
Reading Time: 2 minutesNew data published by the Consumer Financial Protection Bureau (CFPB) has revealed a rise in home pu… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Industry Watch: Rocket adds ‘Inflation Buster,’ Ross Mortgage expands farther south and more
Reading Time: < 1 minuteAmrock announced the introduction of proprietary technology to electronically close mortgage transac… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Almost one-third of home purchases made with all cash in July
Reading Time: 2 minutesAlmost one-third of home sales nationwide were all-cash transactions in July, nearing an eight-year … Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Notable mortgage industry hires and promotions, Sept. 12-16
Reading Time: 3 minutesFannie Mae announced the appointment of Anthony Moon as executive vice president and chief risk… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Apartment rents slip monthly for first time since June 2020
Reading Time: 2 minutesU.S. multifamily housing asking rents backtracked by $1 month over month in August, breaking a strea… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
