Top Headlines
Ward Morrison to Retire as Chief Executive at Motto Mortgage and Wemlo
Adam Sartin, vice president of franchise growth and development, will lead the brands on an interim basis. Continue Reading Ward Morrison to Retire as Chief Executive at Motto Mortgage and Wemlo
The Appraisal Institute Faces Whistleblower Lawsuit Over Alleged Fraud in Exam Results
Alissa Akins is seeking back pay, punitive damages and attorney’s fees. Continue Reading The Appraisal Institute Faces Whistleblower Lawsuit Over Alleged Fraud in Exam Results
California Association of Realtors Installs 2025 Leadership Team
Already on the team is Phil Hawkins, who joined CAR as CEO and state secretary in September. Continue Reading California Association of Realtors Installs 2025 Leadership Team
Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal
In March, Chicago voters rejected a referendum on the so-called “mansion tax.” Continue Reading Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal
Q3 Multifamily Property Developer Sentiment is Mixed
“We expect multifamily construction to remain weak for another year,” said NAHB Chief Economist Robert Dietz. Continue Reading Q3 Multifamily Property Developer Sentiment is Mixed
PennyMac Correspondent Group to Launch Non-QM Products
Pennymac intends to retain servicing on all non-QM products. Continue Reading PennyMac Correspondent Group to Launch Non-QM Products
Mortgage Originations Up 19% During Q2
A total of 689,217 refinance loans were issued in the second quarter, up 16.4% from the prior quarter. Continue Reading Mortgage Originations Up 19% During Q2
30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The 15-year fixed-rate mortgage averaged 5.69%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
Median Mortgage Payments Down Slightly in July
“Affordability conditions have now improved for two consecutive months,” said MBA’s Edward Seiler. Continue Reading Median Mortgage Payments Down Slightly in July
Purchase Loans Up, Refinancing Down in Latest Mortgage Application Activity
Among the government programs, the FHA share of total applications remained unchanged at 19.1% from the week prior. Continue Reading Purchase Loans Up, Refinancing Down in Latest Mortgage Application Activity
Arizona Couple Sued for Running Foreclosure Rescue Schemes
Edward Trenton Albarracin and Gretchen Marie Zamjahn operated more than 50 fraudulent entities. Continue Reading Arizona Couple Sued for Running Foreclosure Rescue Schemes
Ex-CEO of Collapsed Crypto Trading Platform Starts Second Career as Mortgage Broker
Christopher Flinos is working at Balcombe Financial, a mortgage brokerage owned by his brother. Continue Reading Ex-CEO of Collapsed Crypto Trading Platform Starts Second Career as Mortgage Broker
A Phil Hall Op-Ed: Bill Pulte, Ken Paxton, and Hypocrisy in Mortgage Fraud Probes
Is the FHFA director intentionally refusing to investigate mortgage fraud claims against the Republican attorney general in Texas? Continue Reading A Phil Hall Op-Ed: Bill Pulte, Ken Paxton, and Hypocrisy in Mortgage Fraud Probes
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.58% as of Aug. 21. Continue Reading Mortgage Rates Remain Flat
Report: Trump May Try to Fire Fed Governor Following Mortgage Fraud Accusation
Pulte ignored questions posed to him on X on who authorized an investigation into Cook’s mortgage papers. Continue Reading Report: Trump May Try to Fire Fed Governor Following Mortgage Fraud Accusation
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