Baltimore-headquartered First Home Mortgage Corp. has debuted its First Home ONE Program, which is designed to enable qualified buyers to purchase a home with 3% equity but only 1% down payment. Under this program, the buyer contributes 1% and First Home Mortgage...
Embrace Home Loans has promoted Ryan “Buddy” Hardiman from senior vice president of retail and direct sales to president. Hardiman, who is based at the company’s headquarters in Middletown, Rhode Island, will oversee lending operations and fulfillment areas while...
CREC Real Estate LLC, a private equity real estate investment firm, has hired Kurt Gatterdam as controller. In his new role, Gatterdam will oversee all of the company’s accounting activities, including cash, investment and risk management, for CREC and its affiliate...
The Toronto-headquartered mortgage brokerage Pineapple Financial Inc. (NYSE: PAPL) has added three Alberta-based teams to its network, which marks the company’s first foray into the Alberta market. “Pineapple proudly welcomes industry leaders Brad Gavin,...
Freddie Mac (OTCQB: FMCC) announced potential homebuyers earning 50% of area median income or less will be eligible for a $2,500 credit that may help with down payment and other costs at closing under a new initiative that begins on March 1. The funds can also be used...
U.S. household debt increased by $212 billion (1.2%) during the fourth quarter of 2023 to reach a total of $17.5 trillion, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. Mortgage balances rose by $112 billion from the previous...
