UFCU, the Austin-based credit union with $4.676 billion in total assets, has hired Christy Soukhamneut as chief lending officer. In her new role, she will be responsible for overseeing the consumer lending organization, which includes mortgage and direct auto lending,...
Better HoldCo Inc., the parent company of Better Mortgage, is merging with Aurora Acquisition Corp. (NASDAQ: AURC, AURCU, AURCW), a publicly traded special purpose acquisition company (SPAC). The company had first announced the plan to merge with Aurora in May 2021,...
Chicago-headquartered Guaranteed Rate introduced OneDown, a mortgage product that features down payment options as low as 1% plus an additional 2% contribution towards that down payment. OneDown also offers borrowers a $1,000 contribution toward lender fees. The...
San Diego-based Guild Mortgage (NYSE: GHLD) has unveiled its 1% Down Payment Advantage program. Unlike the traditional 3% down payment that is the minimum required for conventional loans, the 1% Down Payment Advantage program allows homebuyers to purchase a home with...
Mortgage rates continue their upward trajectory as the Federal Reserve continues their pointed and aggressive response to stubborn inflation, with weekly U.S. average at 6.73% as of 3/8/23. This means that would-be homebuyers are continuing to face challenges of...
FBI Investigating Lurin Capital Amid Multifamily Collapse
