The Mortgage Bankers Association (MBA) is advocating for the creation of a National Housing Director to streamline housing policy amidst rising regulatory hurdles and political uncertainty. CEO Bob Broeksmit believes a centralized authority is crucial to navigate the complex landscape of housing regulations and ensure consistent oversight across agencies.
CrossCountry Mortgage (CCM), the nation’s leading distributed retail mortgage lender, has surpassed its initial $10 million pledge for down payment assistance programs, providing over $15 million to help more than 6,500 first-time homebuyers achieve their dream of homeownership. This commitment reflects CCM’s dedication to making homeownership more accessible and equitable, especially for those facing financial hurdles.
Rithm Capital (RITM) has announced dividends for both common and preferred stockholders, maintaining a high dividend yield. While the company’s diversified business model and growth in its origination platform offer potential for investors, rising expenses and a high debt-to-capital ratio raise concerns about the sustainability of its dividend yield.
Kind Lending has announced the addition of Eduardo Paras as Regional Manager, bringing his extensive experience in the mortgage industry and proven track record of driving sales growth to the team. Paras’s expertise in purchase business, FHA lending, and serving Spanish-speaking first-time homebuyers will contribute significantly to Kind Lending’s regional strategy and commitment to transforming the mortgage experience.
George McFaden, a top mortgage professional with Guaranteed Rate Affinity, has launched his own team to better serve clients in the competitive San Francisco Bay Area. Leveraging Guaranteed Rate Affinity’s advanced fintech solutions, the George McFaden Team will offer faster pre-approvals, appraisals, and closings, providing a seamless and efficient mortgage experience.
CrossCountry Mortgage (CCM), the nation’s leading retail mortgage lender, is bolstering its efforts to support Hispanic homeownership through new, dedicated resources and community partnerships. CCM has launched a Spanish version of its website, enhancing accessibility for Spanish-speaking borrowers. This follows the company’s introduction of a Spanish loan application last year, accompanied by educational materials and translation services to guide borrowers throughout the loan process in their native language.
Guaranteed Rate Affinity, a joint venture between Anywhere Real Estate and Rate, has been named the 13th largest retail mortgage lender in the United States by Scotsman Guide. The company’s rapid growth and success are attributed to its focus on delivering exceptional service, leveraging cutting-edge technology, and fostering strong industry relationships.
Rocket Companies has appointed Dan Sogorka as General Manager of Rocket Pro Third Party Origination (TPO), the mortgage broker business of Rocket Mortgage. Sogorka, with extensive experience in mortgage technology, aims to leverage Rocket’s AI capabilities to revolutionize the broker space, offering brokers and their clients an enhanced experience with streamlined processes and competitive pricing.
A couple in their 30s is facing a difficult situation after their family learned about their combined income of £200,000 through a family member who was also their mortgage advisor. Now, the family is expecting them to pay for everything and making snide remarks about their financial situation.
Hazel Waite and Simon McNair, a couple in their late 30s, share their experience of buying their first home in Kidbrooke Village, London. They discuss the process of finding a property, securing a mortgage, and making the space their own. They also highlight the benefits of the community, convenient location, and amenities available to them.
