Government Loans Up for 27th Month
Volume of government-backed purchase loans rose by 10 percent in January, despite an uptick in mortgage rates. RHS loans far outpaced other categories, with FHA comprising the smallest segment. The [...]
Mnuchin: ‘I’m Committed to Housing Reform’
In an interview with Fox Business on Monday, Secretary of the Treasury Steven Mnuchin said he is committed to GSE reform--and that it might not include privatizing Fannie or Freddie. [...]
How the FHA May Impact the Supreme Court Foreclosure Ruling
According to the Supreme Court, Miami has the standing to sue Bank of America Corp. and Wells Fargo & Co. under the Fair Housing Act, stating that the banks’ discriminatory [...]
Non-current Loans Lowest in 11 Years
Non-current inventory is at an 11-year low, falling below historical norms for the fourth consecutive month. The states with the highest percentage of non-current loans were largely in the South, [...]
Texas Capital Bank’s President of Mortgage Finance To Retire
Texas Capital Bank announced that Gary Ort, who has played an integral role in the bank for the past decade and currently serves as President of the Mortgage Finance Division, [...]
Mortgage Capital Trading Hires New Northeast Regional Sales Director
Mortgage Capital Trading, Inc., a risk management and advisory services firm focused the secondary mortgage market, announced last week it hired Cara Krause to serve as Regional Sales Director for [...]
Quicken Welcomes Casey Hurbis as Chief Marketing Officer
Quicken Loans announced Casey Hurbis is joining the company as Chief Marketing Officer. Hurbis, recognized for re-introducing the FIAT brand in the U.S. after more than 25 years of absence, [...]
The Week Ahead: Taking a Look at the Financial CHOICE Act
On Tuesday at 10 a.m. EST, the Financial Services Committee will meet for the markup of the Financial CHOICE Act. Financial Services Committee Chairman Jeb Hensarling (R-Texas) had introduced the [...]
Industry Veteran Damon Pitler Joins Amherst’s Senior Investment Team
Amherst Capital Management LLC announced the addition of Damon Pitler to its private funds leadership team. Serving in the role of Managing Director of Private Funds, Pitler will manage single-family [...]