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Ryan Hardiman Promoted to President of Embrace Home Loans

Ryan Hardiman Promoted to President of Embrace Home Loans

by Phil Hall | Feb 7, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

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...
Kurt Gatterdam Named Controller at CREC Real Estate

Kurt Gatterdam Named Controller at CREC Real Estate

by Phil Hall | Feb 7, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

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...
Pineapple Financial Expands into Alberta Market

Pineapple Financial Expands into Alberta Market

by Phil Hall | Feb 7, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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 Extends Mortgage Assistance to Very Low Income Borrowers

Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers

by Phil Hall | Feb 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
Household Debt Reached $17.5 Trillion in Q4 2023

Household Debt Reached $17.5 Trillion in Q4 2023

by Phil Hall | Feb 6, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

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...
John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died

John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died

by Phil Hall | Feb 6, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Conference of State Bank Supervisors (CSBS) has announced the passing of its longtime general counsel John “Buz” Gorman away after an eight-month battle with glioblastoma. Gorman started his career at CSBS in 1996 and served as its general counsel for the last 15...
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