Embrace Home Loans Taps Mehdi Pirzadeh as Senior Loan Officer, VP
Mehdi Pirzadeh has re-joined Embrace Home Loans as senior loan officer and vice president in the company’s Rockville, Md. office. Pirzadeh is a top-producing loan…
Day: May 18, 2022
Cherry Creek Mortgage Adds Rick Hogle as Chief Revenue Officer
Rick Hogle has joined Cherry Creek Mortgage, a nationwide, full-service mortgage lender, as chief revenue officer. Hogle brings a breadth of experience, proven leadership and…
Ginnie Mae Guarantees $50B-Plus in MBS in April
April issuance adds more than $19 billion to Ginnie Mae’s overall portfolio, on pace to cross the $2.2 trillion mark in May. The post Ginnie…
$1 of Mortgage Lending Fraud costs over $4 to Recover
LexisNexis has released its first True Cost of Fraud for Real Estate study which examines fraud trends for the United States based on the answers of…
Potential Home Sales Decrease on Monthly, Yearly Basis
First American Financial Corporation has released their latest iteration of the proprietary Potential Home Sales Model (PHSM) for April 2022 and found that potential existing-home…
Homebuyer Competition Continues to Decrease, Redfin Reports
Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021, according…
Single-Family Housing Market Shows Signs of Slowing
Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year. The post Single-Family Housing…
Applications Decrease 11 Percent in One Week According to Latest MBA Survey
Mortgage applications decreased 11% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s (MBA)…