Supreme Lending, ARDRI reveal veteran hires
“Sarah brings the kind of energy, vision, and heart that doesn’t come around often,” said Scott Everett, president and CEO of Supreme Lending. “She’s a doer, a builder, and most importantly—she leads by enriching the lives of everyone around her.” Middleton most recently served as chief growth officer at Movement Mortgage, where she led national […]
New York Real estate market shows signs of recovery
Tight inventory remains a challenge for buyers, especially for properties in turnkey condition. Older condominiums and co-ops that require renovations still present value opportunities, but the increasing cost and complexity of remodeling have deterred many potential buyers. Renovation costs have surged, with mid-range projects that once cost $250 to $300 per square foot now exceeding […]
Volatile week for mortgage applications amid economic uncertainty
While mortgage rates have hovered in a tight range, refinancing continues to lag. Refinance applications fell 6% week over week, although it still sits 57% higher than the same time last year. In dollar volume, refinance application volume fell 4.5%, according to Fannie Mae. The refinance share of total mortgage activity also declined, falling to […]
DOGE panel to review Trump’s plan for massive federal property sale
“The US federal government has been an irresponsible landlord for decades, squandering tens of billions of taxpayer dollars,” said subcommittee chairwoman Marjorie Taylor Greene (R-Ga.). “It cannot accurately track the properties it owns, including their condition, usage, or financial value, and continues to spend billions annually on vacant buildings.” Greene claimed that during the pandemic, […]
How many days should a homeowner in the US work for a mortgage?
In some states, they must work over two weeks
Carrington repositions correspondent channel as non-QM specialist
“Being able to manage complex loans has long been one of our core strengths. With margins tightening in the current market, one that is highly commoditized, it makes sense for us to best serve our correspondent partners by focusing our energies on building our non-QM business.” Carrington’s correspondent channel will now underwrite and purchase only […]
Finance of America, Multiply Mortgage announce new executive roles
In this role, Mayfield will lead the company’s team of mortgage originators and support growth through innovative outreach strategies. With more than 25 years of industry experience—including leadership roles at Citi, Chase, Wells Fargo, and most recently as SVP at Guaranteed Rate Affinity—Mayfield brings deep knowledge of both traditional lending and team development. She oversaw […]
Fed could slash rates by 100bps in 2025 amid growing fears of trade war
The S&P 500 Index suffered its worst day since early 2020 on Thursday, while recession fears gathered pace amid a bloodbath across markets including the Dow and Nasdaq, both of which nosedived yesterday. The Fed left rates unchanged in its last announcement on March 19, keeping its benchmark rate at a range of 4.25% to […]
Homeowners sue Fannie Mae, BNY over inflated foreclosure costs
“Countless mortgage holders were deprived of surplus funds as a result of the collective failures by foreclosing banks, loan servicing agents and their attorneys,” said Mark Anderson, a partner at Anderson, Bowman, Wallshein, the firm leading the litigation. The list of defendants includes major financial institutions and mortgage service providers, among them Fannie Mae, Deutsche […]
February sees sharp increase in condos selling below price
“The Florida condo market is in uncharted territory,” said Tim Harper, a Redfin Premier agent in Orlando, where nearly 85% of condos sold below asking price in February. “We’re seeing a massive influx of condo inventory because a lot of senior citizens on fixed incomes can no longer afford their monthly payments.” The gap between […]