R.J. Arnett has been named to the new position of executive vice president and national wholesale prime production manager of MortgageIT Inc.Mr. Arnett was most recently senior vice president and co-manager of the Western region of MIT Lending, MortgageIT's wholesale lending division. His new responsibilities were formerly held by Gary Bierfriend, who was recently elevated to president of MortgageIT. Before joining MIT Lending, Mr. Arnett spent nine years with Countrywide, departing as executive vice president of its wholesale division.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
April 24