David Feldman has been named executive vice president of operations at eAppraiseIT LLC, Poway, Calif., and Mark Cassidy has been named chief appraiser and director of the company's appraiser support division.Mr. Feldman, previously senior vice president of operations at the company's Danvers, Mass., operations center, will oversee all of eAppraiseIT's internal operations. Mr. Cassidy owned his own appraisal company for more than 20 years. He will oversee more than 10,000 appraisers, promoting professional development and working to ensure appraisal independence and integrity, eAppraiseIT said. The company can be found on the Internet at http://www.eappraiseit.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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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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