Phoenix-headquartered Integro Bank has announced the launch of a mortgage division. Steven Zielsdorf, vice president and director of residential mortgage lending, will lead the new division for Integro Bank, a single-branch community bank with $42.6 million in assets....
The Mortgage Bankers Association’s (MBA) Opens Doors Foundation announced that it has provided mortgage and rental payment assistance to more than 15,000 families since starting its Home Grant Program in 2012. Founded in 2011 and first partnering with Children’s...
A Phil Hall Op-Ed: On Nov. 12, 2009, the American Enterprise Institute (AEI) sponsored a seminar Washington, D.C., entitled “Is it Possible to Reprivatize the U.S. Financial System?” At the time, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac...
San Diego-headquartered Guild Mortgage (NYSE: GHLD) has acquired First Centennial Mortgage, an Illinois-based privately held residential mortgage lender focused on the Midwest markets. First Centennial Mortgage was founded by brothers Steven and David McCormick in...
Zillow Home Loans is rolling out its 1% Down Payment program that will enable home buyers to pay as little as 1% down on their next home purchase, with the company contributing an additional 2% at closing. The program is initially being offered on properties located...
The 30-year fixed-rate mortgage continued its historic ascension, averaging 7.23% as of today, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). Last week, it broke past the 6% mark to average 7.09%m while a year ago at this time...
