Notable mortgage industry hires and promotions, Aug. 15-19
Reading Time: 2 minutesFairway Independent Mortgage Corp. added three industry executives as part of an expansion of i… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Independent mortgage banks lose $82 per loan in second quarter
Reading Time: 2 minutesThe traditional spring housing heat-up didn’t reap the usual rewards this year for independent mortg… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Mortgage applications drop to lowest weekly level since 2000
Reading Time: < 1 minuteAs if observers needed more evidence that the housing market is experiencing a steep contraction, th… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
NAIOP forecasts further slowing in industrial absorption to close 2022
Reading Time: 2 minutesThe confluence of several headwinds over the course of 2022 have slowed the previously breakneck pac… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
FHFA, Ginnie Mae update financial eligibility requirements for sellers, servicers
Reading Time: 3 minutesThe Federal Housing Finance Agency (FHFA) and Ginnie Mae have updated their minimum financial eligib… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
First-time buyers paid a 13% premium on home purchases, Clever reports
Reading Time: 2 minutesFirst-time buyers paid a median price of $510,000 for their home purchases in 2021 and 2022, roughly… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Housing starts plummet in July to 17-month low
Reading Time: 2 minutesNationwide housing starts dropped to a 17-month low in July, according to the most recent data from … Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Share of home purchases funded with ARMs vaults significantly
Reading Time: 2 minutesAs would-be homebuyers look for ways to combat eroding affordability, adjustable-rate mortgages (ARM… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Industry Watch: CMG Financial rebrands retail division, Panorama Mortgage Group adds Lone Peak Lending and more
Reading Time: < 1 minuteLoanDepot is shuttering its wholesale mortgage business, the California-based lender announced. CMG … Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Homebuying competition drops near pandemic-era low, Redfin reports
Reading Time: 2 minutesWith affordability issues still turning many buyers away from the market, competition continues to d… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
