Michael Detwiler has been named chief executive officer of Mortgage Cadence, a Denver-based mortgage lending platform provider.Mr. Detwiler has been president of the company since 1999. "By focusing Mortgage Cadence on its position as a pure lending product company, we can maintain our leadership position as the only true services-oriented, end-to-end lending platform," he said. Mortgage Cadence offers technology such as proprietary workflow and rules automation for the back office as well as a Web-based loan origination system, the company said.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
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