John A. Magness has been promoted to executive vice president and Southwest regional leader at LandAmerica Financial Group Inc., Richmond, Va.Mr. Magness, based in Dallas, oversees company operations in New Mexico, Oklahoma, and Texas. He was most recently senior vice president and Southwest regional leader for LandAmerica's commercial services customer channel, the company said. He has 23 years of industry experience. The company can be found online at http://www.landam.com.
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.
The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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.
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.
The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
