People Movers of the Week: June 26
Mortgage professional hiring and new job appointments for the week ending June 26.
Tight Lending Is Reducing U.S. Home Sales by 800,000
It's getting easier for homebuyers to get a mortgage but only slightly so, a panel of experts said this week at a national conference for real estate writers in Miami.
Big Ideas About Small Spaces Could Transform Housing
Trading space for place with micro-housing could be a promising solution to compounding homeownership woes.
Albany Region Home Sales, Prices Increase in May
Home sales, prices and pending sales all were in positive territory in May, the Greater Capital Association of Realtors reported, suggesting a revival from the sluggish market following a cold, snowy winter.
Westcor Land Title Expands to Commercial with N.Y. Office
Westcor Land Title Insurance in Maitland, Fla., has opened its first New York office as it looks to expand in the market for commercial underwriting.
McGuiness Exits Lenders One to Run Sales at Embrace
Jeff McGuiness has exited the CEO position at Lenders One to become the chief sales officer for Embrace Home Loans.
Risk of Mortgage Fraud Declined in 2014 on Market Stabilization
Mortgage-fraud risk appears to have normalized, as the overall rate of fraud declined in 2014 and there has been a shift to specific fraud types on the local level, according to Interthinx.
Manhattan Is Least Affordable for Low Down Payment Buyers
The New York City borough of Manhattan is the least affordable place for consumers making a low down payment to buy a home, according to a new report by housing and property data firm RealtyTrac of Irvine, Calif.
Mortgage Rates Hold Steady: Freddie Mac
Mortgage rates barely budged from a week ago, even though reports have shown that the housing market is on the rebound with interest rates expected to rise.
Florida Builders Aren't Taking New Home Market for Granted
Homebuilders get excited when they think about opening new housing developments. Especially these days.
Housing in U.S. Seen Boosted by Millennials Finally Buying
A greater share of millennials say they're likely to buy a home this year, adding to evidence that first-time buyers are finally entering the real estate market and fueling a jump in sales.
Altisource Upgrades Real Estate Sales Website
Altisource Portfolio Solutions has upgraded its sell-it-yourself real estate platform, Owners.com, and will offer a rebate to buyers who purchase a home through the site.
Citi Adds Mortgage, Consumer Banking Oversight to Larsen's Duties
Citigroup said Jonathan Larsen will add oversight of U.S. consumer banking and mortgages to his role as global head of retail banking, the first major management changes announced under new consumer chief Stephen Bird.
Housing Crisis in Bay Area May Cause NIMBY Attitudes to Wane
Housing woes in the Bay Area have become so severe that two out of three residents now believe it's tougher to find a place to live, and at least half are ready to embrace higher-density housing in their neighborhoods to help tackle the problem.
Highlight Operations Teams in TRID Scramble
Operations staff is at the tricky crossroads of managing and changing the business. To remain competitive and compliant, lenders must make additional training and networking opportunities available for that team.