Craig I. DeRoy has been named president of The First American Corp., a Santa Ana, Calif.-based provider of economic information, including title insurance and mortgage data.Mr. DeRoy, who was most recently senior executive vice president, will succeed Parker S. Kennedy, who will continue as chairman and chief executive officer of First American. Mr. DeRoy began his career as a trial attorney and served a three-year appointment as a deputy chief with a U.S. attorney's office. He later formed First Environmental Review Insurance Co., where he "pioneered a new form of real estate insurance covering certain forms of environmental risk," First American said. The company can be found on the Web at http://www.firstam.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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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.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28