David Kittle, the immediate past chair of the Mortgage Bankers Association, has joined IMARC, a mortgage auditing firm based in Santa Ana, Calif. A senior director at IMARC, Mr. Kittle will manage the firm's Washington office and will be responsible for government and industry relations as well as the development of client services. Before climbing to the top of the MBA leadership ladder, Mr. Kittle was president and chief executive officer of Principle Wholesale Lending in Louisville. After leaving his MBA post, he joined another former MBA chair, Regina Lowrie, at Vision Mortgage Capital, where he was executive vice president. He continues to serve on the MBA board. IMARC's clients are publicly traded mortgage investors and insurers.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
April 16 -
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
April 16 -
Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.
April 16 -
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
April 16 -
This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
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