Jeff Hoerster has been named president and chief operating officer of AllRegs, an Eagan, Minn.-based online publisher of reference information for the mortgage industry.The company said Mr. Hoerster has more than 20 years' industry experience, including 11 at Columbia National in Columbia, Md., where he left as senior vice president for operations, and nine years at Multi-Mortgage Services in Manasquan, N.J., where he was a part owner. AllRegs' products and services are used by over 90% of the top 100 lenders and in "numerous" governmental agencies, according to the company. It is the exclusive electronic publisher of Fannie Mae's and Freddie Mac's Single and Multi-Family Seller/Servicer Guides and the Federal Home Loan Banks' MPF Program Guidelines.
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Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28