Mortgage Builder Software, Southfield, Mich., has announced the creation of a western division for the sales of its products. The company has hired Kelli Himebaugh to manage sales in the new division. Ms. Himebaugh joined Milwaukee-based Guaranty Bank's home equity company in 2003, where she served as the sales manager for California, Arizona, and New Mexico. She later started the lender's correspondent division and ran the Pacific region until 2007. "We're having a great year despite the slower market," said Wendy Bennetts, Mortgage Builder's director of marketing and business development. "We opened the Southeast division last year and we anticipate opening another region later this year in response to the increased demand we're experiencing." The company can be found on the Web at http://www.mortgagebuilder.com.
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Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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