Elaine Batlis has been named president of Impac Warehouse Lending Group Inc., a division of Impac Mortgage Holdings Inc., Newport Beach, Calif.Ms. Batlis has more than 25 years of banking, mortgage warehousing, and consulting regulatory experience, Impac said. Most recently, she was president and chief executive officer of Naples, Fla.-based InSouth Funding Inc., a subsidiary of InSouth Bank specializing in nationwide mortgage warehousing. She was previously senior vice president, chief financial officer, and chief operating officer at Heritage Bank in Olathe, Kan., and has held various other positions in the banking industry.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
August 12









