Roger Gudobba, senior principal for strategic business development at VMP Mortgage Solutions Inc., has been named chairperson of the eMortgage Alliance, replacing Dave Williamson of the Performance Group."Roger is a strong evangelist," said Ty Jenkins, founder and chief executive officer of DocuTech Corp. and a member of the eMortgage Alliance. "He's got the vision. Everything with e-forms, electronic delivery has been his strong point. He's carried that baton for years, and he'll be great for the eMortgage Alliance." Each chairperson holds the title for a single one-year term. The eMortgage Alliance is a consortium of companies that have assembled to promote standards-based electronic mortgage technology, systems, and best practices to encourage the industry to move toward the eventual acceptance of a complete electronic mortgage. The organization can be found on the Web at http://www.emortgagealliance.us.
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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.
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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.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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