Eric S. Burgoon has been named president of mortgage banking at Republic Bank, Farmington Hills, Mich., according to the bank's holding company, Republic Bancorp Inc.Mr. Burgoon will be charged with expanding the bank's mortgage business in Michigan, Indiana, and Ohio by adding experienced loan officers and using other business incentives, the parent company said. Mr. Burgoon has more than 15 years of experience in the banking and mortgage industry. The company can be found online at http://www.republicbancorp.com.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18