Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), announced an update to its Pathfinder tool, an artificial intelligence (AI) and machine learning-powered search engine used by mortgage bankers, brokers and underwriters. A new AI chat interface in...
Romy Bowers has announced her decision to step down as president and CEO of the Canada Mortgage and Housing Corporation (CMHC) in December for the International Monetary Fund (IMF), where she will take on the role of director of the Office of Risk Management. Bowers...
Cenlar FSB, a Ewing, New Jersey-based mortgage loan subservicer, has named David Schneider as the company’s president. Schneider joined the company earlier this year as chief financial officer. Before coming to Cenlar, he was the president of CitiMortgage, president...
The 30-year fixed-rate mortgage continued its ascent to the dreaded 8% level in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.79% as of Oct. 26, up from last week when it averaged 7.63%. A...
Southern First Bancshares Inc. (NASDAQ: SFST), holding company for Southern First Bank, has opened its new Dream Mortgage Center in Columbia, South Carolina. According to the company, the Dream Mortgage Center was created to provide homebuyer education and outreach in...
Mortgage applications activity continued to decline, according to data from the Mortgage Bankers Association (MBA) for the week ending Oct. 20. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 1% on both a...
Illinois Gov. Pritzker: Don’t Blame Me for High Property Taxes
