Applications for new home loans increased for the first time in three weeks, with interest rates showing volatility to the down side, according to data from the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of weekly application volume based on surveys of the trade group’s members, climbed up by a seasonally adjusted
Former Angel Oak Lending Chief Marketing Officer Steven Winokur has returned to the real estate finance industry, taking a role as the vice president of marketing, third party originations at non-qualified mortgage lender Carrington Mortgage Services. “Non-QM is an important part of Carrington’s commitment to potential homeowners with non-traditional kinds of income,” said Greg Austin,
Finance of America Cos. narrowed losses in the first quarter and addressed a branding pivot to fully fold its acquisition of American Advisors Group into a single reverse-mortgage business under the parent name. The Plano, Texas-based company saw a net loss of $20.3 million, of which $15.8 came from continuing operations. Changes in fair value
Estimates for mortgage employment data were stable to slightly lower in the latest Bureau of Labor Statistics data, suggesting hesitancy to cut during a period when housing activity typically picks up. The nonbank mortgage estimate for payroll numbers was 269,400 in March compared to 269,900 in February . Whether the near-plateau in job numbers mean