Mortgage credit availability increased slightly in May according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) inched up by a scant 0.1% to 108.0 in May; the index was benchmarked to 100 in March...
MAXEX, a digital exchange for trading residential mortgage loans through a single centralized clearinghouse, has hired John McNeill as chief financial officer (CFO), based in the company’s Atlanta headquarters. In his new job, McNeill will lead the company’s financial...
The mortgage banking industry has been reconfigured with merger and acquisition news involving two pairs of prominent originators. American Pacific Mortgage (APM) and Synergy One Lending announced a merger that the companies said would expand their national presence...
Nathaniel Anderson, a town councilman and the former Mayor of Willingboro in Burlington County, New Jersey, was sentenced to 12 months and a one day in prison, followed by a three-year term of supervised release for committing mortgage fraud in connection with a...
A New York City attorney with a suspended license was indicted for collectively stealing more than $1 million from two borrowers at mortgage refinancings and from Dime Community Bank by writing bad checks. According to the charges brought against him, Jose Polanco...
Mortgage rates declined in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.48% as of June 4, down from last week when it averaged 6.53%. A year ago at this time, it averaged 6.85%. The...
Hits and Misses for the Real Estate Week of June 22-26
