A new mortgage company, Express Capital Mortgage Inc., has been launched in Chandler, Ariz.The company touts its "advanced technologies" and declares that it differs from other mortgage companies in Arizona because of the training, marketing assistance, and face-to-face support it offers employees. "We don't intend on reinventing the wheel," said Ryan Kohl, vice president of Express Capital. "Our plan is to respond and change with the market while delivering a wide range of available products coupled with exceptional customer service." The new company can be found on the Web at http://www.expresscapitalmtg.com.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
June 22 -
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
June 22 -
The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
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