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 latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
11h ago -
The product preserves borrower's first mortgage, and its potentially lower mortgage rate, without requiring the new monthly payments of a traditional HELOC, FOA says.
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The White House's proposed 2027 budget would slash funding to the Community Development Financial Institutions Fund, the latest in an ongoing campaign from the Trump administration to dismantle the politically popular program.
April 6 -
Mortgage rates rising nearly 40 basis points from early-year lows have pushed some buyers out of the market, even as inventory and affordability remain better than a year ago, ICE Mortgage Technology found.
April 6 -
Lawsuits and probes are ramping up, and some courts have broadened the lending law's statute of limitations, said Bradley Partner Jonathan Kolodziej.
April 6 -
New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
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