by mdibrino@hqmloans.com | May 17, 2023 | Uncategorized
Read more: Mortgage originations plummet – what can you do about it? Both refinance and purchase application volumes also edged down from the week prior. MBA’s refinance index declined by 8%, and the purchase index decreased by 4.8%. “Purchase applications decreased...
by mdibrino@hqmloans.com | May 17, 2023 | Uncategorized
Freddie Mac has announced the winners of its annual Home Possible RISE Awards, which recognizes top mortgage companies committed to making sustainable homeownership through the Freddie Mac Home Possible loan product. On a national level, United Wholesale Mortgage won...
by mdibrino@hqmloans.com | May 17, 2023 | Uncategorized
MAXEX has added a new non-QM offering to its mortgage exchange platform. The company described the new MAXEX Non-QM loan program as the “industry’s first multi-seller to multi-buyer flow liquidity program for alternative documentation loans.” The first flow loan...
by mdibrino@hqmloans.com | May 16, 2023 | Uncategorized
The key now is not to get mired in the current slowdown but look to the future, he added: “We focus on the long term,” he said. “We know our models are going to work and it’s working right now. We know our way of doing business is the future. We’re dealing with the...
by mdibrino@hqmloans.com | May 16, 2023 | Uncategorized
Yet she cautioned the decline in delinquencies is likely short-lived: “We’re still forecasting for an economic slowdown, a mild recession, in the second half of the year,” she said. “That’s been pushed back a bit, but between hospitality and services jobs, we’re still...
by mdibrino@hqmloans.com | May 16, 2023 | Uncategorized
In addition to the rebrand, the agency announced a string of executive hires and promotions, with women now accounting for 70% of the management team. The recent additions include Pam Cooper (chief financial officer), Alicia Wood (loan servicing director), Cari Zwick...
