James Noack, president of Monument Mortgage, a Finet company based in Walnut Creek, Calif., has resigned from his post but will remain a consultant to the company.The company said Mr. Noack plans to concentrate on unspecified entrepreneurial opportunities. Mr. Noack was instrumental in the development of Iqualify, an Internet site that offers borrowers the chance to receive an automated underwriting decision.
National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
