RE/Max Coastal Properties, Mission Beach, Calif., and Metrocities Mortgage, Sherman Oaks, Calif., have announced the formation of San Diego Coast Mortgage.RE/Max said the new company will serve the Mission Beach, Pacific Beach, Ocean Beach, and Point Loma communities. The new relationship will offer homebuyers the convenience of in-house, "one-stop" real estate services and lending capabilities, including traditional and innovative loan programs, the franchise realty firm said. RE/Max Coastal Properties is a member of RE/Max of California and Hawaii Inc.'s network of more than 400 offices and more than 11,000 associates. The companies can be found online at http://www.remax-cahi.com and http://www.metrocitiesmtg.com.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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