MortgageBrokers.com Holdings Inc., a company that does business in the United States and Canada, has appointed Matthew Laverty as executive vice president for sales of its MortgageBrokers.com Inc. subsidiary in New York.Prior to joining MortgageBrokers.com, Mr. Laverty was the regional sales director for GMAC subsidiary Mortgage Intelligence Inc. In his new position, Mr. Laverty will be responsible for executing MortgageBrokers.com's "Broker Channel Acquisition Program," through which the company will be offering brokers equity ownership in exchange for their origination volume.
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The enterprises also still plan to add FICO 10T but the release of the historical data stakeholders in their market can use to assess it has taken longer.
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Builder mortgage units saw Q1 profit slides (NVR down 17%) despite an 11% rise in new home loan applications. Overall homebuilder net income dropped, and sales incentives remain high.
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Toll Brothers' purchase of Buffington Homes of Arkansas will extend its national outreach with a strong presence in northwest Arkansas, the company said.
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Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list."
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The company that the global firm is investing in owns a U.S. mortgage correspondent business and another domestic lender that does business with brokers.
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The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.
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