Next week the National Mortgage News website will publish a story about some improving numbers in wholesale production, but in the meanwhile we keep hearing stories about firms growing their presence in table funding. (It would appear these companies are picking up wholesale market share once controlled by Bank of America.) One of those firms is Carrington Mortgage Services, Irvine, Calif., which now employs 29 wholesale account executives -- triple what it had two months ago. The privately held Carrington is continuing to hire. “We’re looking for the best and the brightest,” company executive Alan Pott told us. For more information, see our mortgage jobs story in the Monday paper edition of NMN…
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
September 17










