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Grand Homes, a homebuilder that operates in the Dallas-Ft. Worth metroplex, is getting into the mortgage business with help from PrimeLending. PrimeLending announced Friday that it is entering into an “affiliated business arrangement” with Grand Homes that will facilitate...
Consumers grew slightly less optimistic headed into the holidays, however optimism still remains at historical highs, according to the Survey of Consumers conducted by the University of Michigan. The Index of Consumer Sentiment decreased 1.7% from November’s 98.5 to 96.8...
First time homebuyer demand surged to its highest level in 17 years during the third quarter of 2017, according to the First-Time Homebuyer Market Report from Genworth Mortgage Insurance, an operating segment of Genworth Financial. The report, which is...
Wells Fargo recently laid off about 60 of its employees from the bank’s giant mortgage division. The bank laid off about 40 people from a group that inspects the quality of mortgage and another 20 market lending managers across...
CashCall Mortgage has a new leader. Impac Mortgage, the parent company of CashCall, announced Thursday that it hired Rian Furey to serve as the company’s president of direct lending, which is conducted via CashCall. As president of direct lending, Furey...
The Federal Communications Commission passed its repeal of net neutrality regulations, which prevents internet service companies to charge users more to see certain content. the FCC released a plan to repeal the regulations in late November. The repeal will change rules...
Back in October, private equity firm Thomas H. Lee Partners acquired a majority interest in Ten-X, the parent company of Auction.com, but that’s not the only significant investment in the housing industry that the firm is making this year. The firm is also investing...
Mortgage automation company Cloudvirga has announced the addition of Jim Portner as its chief product officer. Portner brings more than two decades of experience to the company. He will report to CEO Michael Schreck and will oversee product strategy, development...
New American Funding has added Eric and Leslie Bergen as area production manager and area sales manager (respectively) as a part of its expansion in the Texas and New Mexico region. The Bergens are natives to El Paso and...
After the Federal Reserve elected to increase the federal funds rate for the final time in 2017, mortgage rates hardly moved as they had already priced in the increase, according to Freddie Mac’s Primary Mortgage Market Survey. “As widely...