LION Inc., Seattle, has announced key management changes in two of its mortgage-related businesses.Kristi Angell has been hired to run Mortgage 101, LION's lead generation business, and Sern Clementson has been promoted to president of Tuttle Risk Management Services, a LION subsidiary that provides mortgage pipeline risk management services. Mr. Clementson will also head up LION's capital markets business segment. The company can be found on the Web at http://www.lioninc.com.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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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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