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CBC Mortgage Agency Introduces Temporary Rate Buydowns

CBC Mortgage Agency Introduces Temporary Rate Buydowns

by Phil Hall | Dec 6, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

CBC Mortgage Agency (CBCMA), a Native American wholly owned and federally chartered housing finance agency, has unveiled a buydown feature for its down payment assistance program for FHA first mortgage financing. According to the South Jordan, Utah-based CBCMA, the...
LendSure Mortgage Debuts Profit & Loss Loan Program

LendSure Mortgage Debuts Profit & Loss Loan Program

by Phil Hall | Nov 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

LendSure Mortgage Corp., a San Diego-headquartered non-QM wholesale lender, announced the launch of their new Profit & Loss (P&L) Loan Program. According to the company, the P&L Loan Program is designed for business owners and self-employed investors with...
John Cady Named President of Citywide Home Loans

John Cady Named President of Citywide Home Loans

by Phil Hall | Oct 4, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sandy, Utah-headquartered Citywide Home Loans has named John Cady as its new president. Cady will be charged with continuing Citywide Home Loans’ 1national growth – the company currently has 55 offices in 36 states. Cady was previously senior financial president...
CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income

CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income

by Phil Hall | Sep 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closing costs and monthly mortgage payments spiked last year while Black and Hispanic buyers faced higher levels of denial on home loans, according to the new report “Data Point: 2022 Mortgage Market Activity and Trends,” published by the Consumer Financial Protection...
Mortgage Machine Services launches loan origination system

Mortgage Machine Services launches loan origination system

by Phil Hall | Sep 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Addison, Texas-based Mortgage Machine Services, a provider of digital origination technology to residential mortgage lenders, has launched of its namesake platform Mortgage Machine, a loan origination system (LOS) designed to accelerate lenders’ operational velocity...
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