HispanicLending.com, Dallas, has launched "Casa de Sueno," a new downpayment assistance gift program that offers qualified Hispanic buyers in all 50 states up to 10% of the purchase price of their new home.Executives said industry data continue to show that lack of downpayment funds remains one of the biggest barriers to homeownership. The program may also be used for closing-cost expenses and will be administered by AmeriDream Inc., a nonprofit provider of affordable housing opportunities for low- to moderate-income individuals and families. Other benefits of the program include a homebuyer education course and flexible qualifications for both first-time homebuyers and homeowners, regardless of age, race, creed, or gender, HispanicLending.com said. The company can be found online at http://www.hispaniclending.com.
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Former Angel Oak Lending Chief Marketing Officer Steven Winokur has come back into the non-qualified mortgage business by taking a marketing role at Carrington Mortgage Services.
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Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
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The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
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