Mortgage industry veteran Arlene Hyde has been named director of the Home Loans Wholesale Channel of Washington Mutual Inc., Seattle, as part of a realignment of the company's home loan distribution channels.The realignment is aimed at integrating sales and operations into a single-channel structure for retail, wholesale, correspondent, and consumer direct, WaMu said. Before joining WaMu, Ms. Hyde was managing director of real estate servicing at St. Louis-based CitiMortgage, where she held key positions such as executive vice president of correspondent lending, wholesale lending, and national operations and senior vice president of retail operations. Before joining CitiMortgage, Ms. Hyde was head of national operations for Knutson Mortgage Corp. WaMu can be found online at http://www.wamunewsroom.com.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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