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CIVIC Hires William J. Tessar as CEO

CIVIC Financial Services announced the hiring of William J. Tessar as its new president and CEO. Tessar most recently worked with Skyline Financial Company. Tessar brings over 30 years [...]

Trump Nominates Deputy HUD Secretary, Industry Reacts

President Donald Trump nominated Pamela Hughes Patenaude to be Deputy Secretary of Housing and Urban Development on Friday. Widely considered the real position of power at HUD, Patenaude’s confirmation [...]

Renter, Homebuyer Monthly Costs Largely Even

The average American renter can now purchase a home more expensive than the nation’s median home value, while keeping their monthly housing budget the same. This was true in [...]

GDP Growth Doesn’t Meet Expectations

According to estimates by the Bureau of Economic Analysis, GDP growth was stagnant in Q1 2017, not meeting the expectations of Wall Street, experts say that this may be [...]

Mortgage Cadence Utilizes FirstClose’s Software Platform

Mortgage Cadence recently reached an agreement to license FirstClose’s proprietary integration hub software platform, which provides loan services throughout the mortgage-origination process. The agreement will enable third-party service providers [...]

Fed’s MBS Phaseout May Drive Up Rates

Many expect the Federal Reserve to begin pulling back from the MBS market later this year or early next. A new analysis delves into the options the Fed has [...]

Homeownership Rising Faster Than Rentals

According to the Census Bureau, the homeownersip rate of 63.6 percent was not statistically different from the Q1 2016 rate of 63.5 percent or the Q4 2016 rate of [...]

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