Ryan Steinert has been named national sales trainer for originators at 1st Metropolitan Mortgage, Charlotte, N.C.Mr. Steinert will also facilitate regional information and sales exchange meetings around the country for the company's branch managers. (1st Metropolitan said it conducted two RISE meetings last year, and plans to host at least one every two months this year.) Mr. Steinert previously worked at Olympia Funding, and last year 1st Metropolitan purchased certain assets of Olympia's retail branches.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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