The U.S. Department of Agriculture (USDA) announced on Friday that it has lowered the interest rates for its single-family housing (SFH) direct home loan programs as of March 1, according to an... Read more »
Independent mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman to the position of president, the company announced on Wednesday. Before the promotion, Hardiman served as the company’s senior vice president... Read more »
Dallas-based OneTrust Home Loans brought on James Hecht as its CEO to spearhead the company’s various mortgage lending divisions. As a result, co-founders Josh Erskine and Shane Erskine will be pivoting to... Read more »
When the California Housing Finance Agency offered no-interest, no-monthly-payment loans in the spring to help lower-income residents come up with a down-payment and fees to buy their first home, the entire budget... Read more »
California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers... Read more »
A lot of debt tied to L.A. and Orange County properties will come due this year — and a lot of it is already in trouble. About $21 billion worth of commercial... Read more »
CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The... Read more »
Shangri-La Industries CEO Andy Meyers and 21 Conejo Boulevard in Thousand Oaks (Getty, Google Maps, Shangri-La Industries) UPDATED, Dec. 1, 2023, 9:40 p.m.: In 2020, the State of California gave Shangri-La Industries,... Read more »
Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according... Read more »
Rocket Pro TPO, the wholesale arm of Rocket Mortgage, announced Monday a promotion related to the loan level pricing adjustment (LLPA) on agency mortgages for non-owner-occupied homes. The announcement, made via social... Read more »