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People on the move: May 29

National Mortgage
Mortgage Finance
5 years ago

CaliforniaSan DiegoGuild Mortgage has selected Michael Ferreira as its new regional vice president in Northern California. ,.. Read More;

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Austin housing market in good shape to bounce back from downturn

National Mortgage
Mortgage Finance
5 years ago

The Austin, Texas, area housing market had been on a 10-year roll before the coronavirus pandemic. Several market indicators nosedived,.. Read More;

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GSEs issue Libor-to-SOFR transition playbook

National Mortgage
Mortgage Finance
5 years ago

The government-sponsored enterprises have jointly issued a playbook detailing the steps that they, along with lenders and investors, will take,.. Read More;

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Pending home sales index falls to lowest in records to 2001

National Mortgage
Mortgage Finance
5 years ago

An index of contract signings for purchases of previously owned homes slumped to a record low in April as coronavirus,.. Read More;

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Amid coronavirus ban on foreclosures, number of zombie homes drops

National Mortgage
Mortgage Finance
5 years ago

The percentage of zombie properties nationwide dropped slightly on a quarter-to-quarter basis, as lenders are unable to move forward on,.. Read More;

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Hurricane season and coronavirus could compound mortgage distress

National Mortgage
Mortgage Finance
5 years ago

In addition to the potential wave of mortgage defaults resulting from coronavirus-driven forbearances, hurricane season could put nearly 7.4 million,.. Read More;

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As Michigan economy crumbles, home prices jump higher

National Mortgage
Mortgage Finance
5 years ago

Michigan's economy collapsed this spring amid the coronavirus pandemic as thousands of businesses closed and more than 1 million residents,.. Read More;

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Embrace Home Loans partners with Ameriprise Financial following pilot

National Mortgage
Mortgage Finance
5 years ago

Rhode Island-based nonbank Embrace Home Loans has formally agreed to provide mortgage financing and informational services to wealth management clients,.. Read More;

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Virginia's April housing market exceeds expectations

National Mortgage
Mortgage Finance
5 years ago

Home sales dipped in April due to the COVID-19 pandemic, but the decline in Virginia wasn't as severe as many,.. Read More;

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Mortgage rates plunge to yet another all-time low

National Mortgage
Mortgage Finance
5 years ago

Mortgage rates fell this week to the lowest level ever recorded by Freddie Mac, even as it appears the relationship,.. Read More;

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Gatehouse Bank reintroduces 75% FTV

Mortgage Finance Gazette
Mortgage Finance
5 years ago

This follows the Bank’s decision to reduce its maximum FTV to 65% on 1 April, due to difficulties in gaining,.. Read More;

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Accord removes all maximum value restrictions on mortgage range

Mortgage Finance Gazette
Mortgage Finance
5 years ago

A property value limit was put in place at the end of March, but with physical valuations now taking place,,.. Read More;

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