It was uplifting enough for the Buffalo Bills staff and players to see Damar Hamlin appear on the video screen in the team’s meeting room Friday — “larger than life,” as coach Sean McDermott put it — for the first time since the safety collapsed and had to be resuscitated on the field. What sent […]
Mortgage lender loanDepot recently became the target of a lawsuit filed by a group of former California employees who have complaints about the company’s work conditions. The lawsuit was filed on December 23 in the Superior Court of the State of California for the County of Orange by about 40 former loanDepot employees, including loan […]
Happy New Year to everyone in the housing industry! Creating a realistic and inspiring new years resolution for your business can be a creative way to goal set in this new year. In your personal life, you may have created resolutions for eating healthy, trying new experiences or traveling more. And whether or not you […]
Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Christopher Gallo, senior loan officer at NJ Lenders Corp. and Scotsman Guide‘s fourth […]
Jordynn Cromartie entered her senior year of high school facing a daunting choice, one countless other Black gymnasts have faced for decades. The teenager from Houston wanted to attend a historically Black college or university. And she wanted to compete in the sport she’s dedicated most of her life to. One problem. She knew she […]
The U.S. residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. Major factors that will shape the RMBS market include a dramatic reduction in origination volume and mortgage lenders […]
Officials at the Federal Reserve this week signaled that it’s too early to declare victory in the battle to bring inflation back to the 2% target, despite some signs of improvement. That could tamp down optimism for a speedy rebound for the mortgage industry. According to the minutes from the Federal Open Market Committee (FOMC) […]
The 2022 housing market was savagely unhealthy, with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing went into a recession in June and mortgage […]
Buffalo Bills safety Damar Hamlin has shown what physicians treating him are calling “remarkable improvement over the past 24 hours,” the team announced Thursday, three days after the player went into cardiac arrest and had to be resuscitated on the field. “While still critically ill, he has demonstrated that he appears to be neurologically intact,” […]
More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage, a Columbus, Ohio-based lender. After Finance of America Companies closed its forward mortgage origination unit in October, a total of 21 FoA retail branches transitioned to Go Mortgage, said Steven Reich, a division president at Go Mortgage and former […]
The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. It represented the lowest level of activity in 27 years. “With mortgage rates still well above 6% and the threat of a recession looming, mortgage applications continued to decline over the past two weeks to […]
Iran released a prominent actress from an Oscar-winning film on Wednesday, nearly three weeks after she was jailed for criticizing a crackdown on anti-government protests, local reports said. Iran’s semi-official ISNA news agency said Taraneh Alidoosti, the 38-year-old star of Asghar Farhadi’s Oscar-winning “The Salesman,” was released on bail. Her mother, Nadere Hakimelahi, had earlier […]
Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. Amor, whose title is senior vice president and head of enterprise products at Guaranteed Rate, joined the capital markets team, […]
CES 2023 opens this week in Las Vegas. After an unusually low turnout last year due to the COVID-19 pandemic and supply chain issues, organizers say the consumer electronics show is back in full swing. VOA’s Julie Taboh shows us some of what to expect. details ⇒ BusinessMediaguide.Com portal received this content from this noted […]
Mortgage technology provider FormFree gives back to those in need in Northeast Georgia in a big way. FormFree hosted its third annual Heroes Golf Classic and raised nearly $55,000 for the American Red Cross. The donations will go toward disaster relief and hosting future blood drives. The CEO of FormFree, Brent Chandler, is also on […]
Cyberattacks, particularly wire fraud through business email compromise, remain a major concern for the title industry. Attempted attacks increased significantly, according to a 2022 survey by the American Land Title Association, with 46% of respondents saying their employees receive at least one email a month attempting to change wire or payoff instructions. We sat down […]
Regina Lowrie, the first female chair of the Mortgage Bankers Association, died suddenly on Jan. 1. She was 68. Lowrie was most recently the president and CEO of Dytrix, a fintech company that enables secure financial transactions that includes closing agent management and real-time wire/ACH transfer validation for institutions. With nearly 40 years of experience […]
California-based mortgage lender loanDepot made changes to its credit line agreement with two of its warehouse lenders going into 2023 amid shrinking origination volume in the previous year. In late December, Dallas, Texas-headquartered NexBank adjusted the revolving credit note to $200 million from $268 million in the previous year, according to a U.S. Securities and […]
Today, U.S. Secretary of Education Miguel Cardona issued the following statement on Fiscal Year 2023 Omnibus Appropriations: details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website of U.S. Department of Education
When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. […]
The suspected mastermind behind the removal of a Banksy mural in a Ukrainian town could face up to 12 years in prison if found guilty, Ukraine’s Interior Ministry said Monday. The artwork, depicting a woman in a gas mask and a dressing gown holding a fire extinguisher, was taken off a wall in the town […]
The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. I want to focus on these three data lines because they will give […]
The Brazilian coastal city of Santos, which sporting giant Pele turned into a byword for soccer brilliance during a glittering club career, started bidding goodbye to its hero on Monday with a 24-hour wake. Mourners lined up to see Pele’s body in an open casket in the center of the field at the Vila Belmiro […]
Annual home price growth continued to slow in October, with the year-over-year price gain shrinking for the seventh consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released last Tuesday. Nationwide home prices posted a yearly gain of 9.2% in October, bringing the index to a reading of 298.99. In September, the […]
An ancient wooden sarcophagus that was featured at the Houston Museum of Natural Sciences was returned to Egypt after U.S. authorities determined it was looted years ago, Egyptian officials said Monday. The repatriation is part of Egyptian government efforts to stop the trafficking of its stolen antiquities. In 2021, authorities in Cairo succeeded in getting […]
Anita Pointer, one of four sibling singers who earned pop success and critical acclaim as The Pointer Sisters, died Saturday at the age of 74, her publicist announced. The Grammy winner died while she was with family members, publicist Roger Neal said in a statement. A cause of death was not immediately revealed. “While we […]
Avatar: The Way of Water” is the box office king for a third straight week and shows no sign of slowing down. James Cameron’s long-awaited sequel to the first “Avatar” film brought in an estimated $63 million over the holiday weekend, roughly the same as the previous week, and now has made more than $400 […]
The world welcomed the new year with a packed party in Times Square and fireworks soaring above European capitals, while hoping for an end to the war in Ukraine and a return to post-COVID normality in Asia. It was a year marked by the conflict in Ukraine, economic stresses and the effects of global warming. […]
Sherlock Holmes is finally free to the American public in 2023. The long-running contested copyright dispute over Sir Arthur Conan Doyle’s tales of a whip-smart detective will finally come to an end as the 1927 copyrights expiring January 1 include Conan Doyle’s last Sherlock Holmes work. Alongside the short-story collection The Case-Book of Sherlock Holmes, […]
Cristiano Ronaldo completed a lucrative move to Saudi Arabian club Al Nassr on Friday in a deal that is a landmark moment for Middle Eastern soccer but will see one of Europe’s biggest stars disappear from the sport’s elite stage. Al Nassr posted a picture on social media of the five-time Ballon d’Or holding up […]
Pope Emeritus Benedict XVI, the first pope in 600 years to resign, has died. Below are highlights from his life. April 16, 1927: Born Joseph Alois Ratzinger in Marktl am Inn, Germany, youngest of three children to Joseph and Maria Ratzinger. 1943-45: Assistant in Germany’s anti-aircraft defense and infantry soldier; imprisoned in 1945 in American […]
The rudeness pandemic, the actual pandemic, and all things gray. There’s a lot to leave behind when 2022 ends and uncertainty rules around the world. The health crisis brought on the dawn of slow living, but it crushed many families forced to hustle for their living. Rudeness went on the rise. Crypto currencies tanked. Pete […]
Barbara Walters, one of the most visible women on U.S. television as the first female anchor on an evening news broadcast and one of TV’s most prominent interviewers, has died at age 93, her longtime ABC home network said on Friday. Walters, who created the popular ABC women’s talk show The View in 1997, died […]
Web searches reveal what America really cared about this year details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Brazil and the world said goodbye Thursday to a man who many consider the greatest football player of the last century. Pele died in São Paulo at the age of 82. Brazilians took to the streets to honor their greatest idol in the country’s most popular sport. For VOA, Edgar Maciel reports from Sao Paulo. […]
This week’s HW+ member spotlight features Chris Mozilo, divisional vice president, West Division at Newrez Wholesale. Below, Mozilo answers questions about the housing industry: HW Media: What is your current, favorite HW+ article and why? Chris Mozilo: I enjoy anything written by Logan Mohtashami. His use of clear explanations combined with charts makes this crazy market comfortably understandable. I also love his “basketball […]
“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, […]
As the person who dressed the Sex Pistols, Vivienne Westwood, who died Thursday at 81, was synonymous with 1970s punk rock, a rebelliousness that remained the hallmark of an unapologetically political designer who became one of British fashion’s biggest names. “Vivienne Westwood died today, peacefully and surrounded by her family, in Clapham, South London. The […]
Brazilian football legend Pelé has died at the age of 82, after battling cancer and cardiac problems the past year. Over the course of his legendary career, the man who led his national team to an unprecedented three World Cup titles became known as one of the sport’s greatest players. VOA’s Robert Raffaele has more […]
Before Lionel Messi and Cristiano Ronaldo came along, the enduring debate in soccer about who was the greatest player centered on two men: Pele and Diego Maradona. It was an argument that played out for years on terraces and in bars, on radio and on television. Brazil’s Pele, a prolific goal scorer who died aged […]
As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea […]
Brazilian football legend Pele, who burst onto the world scene as a goal-scoring teenager and led his national team to an unprecedented three World Cup titles, died Thursday at the age of 82. He was hospitalized in late November, and doctors said in December he was dealing with cancer that had advanced along with kidney […]
Executives at Plaza Home Mortgage expect things to get worse before they get better. During the first three quarters of 2022, the San Diego, California-headquartered mortgage lender’s originations declined by about 38% compared to the same period of 2021, ending at $5.5 billion, according to Inside Mortgage Finance. Like many competitors, Plaza is losing money […]
Amid a declining housing market and volatile economy, mortgage and banking marketers may find themselves in a difficult position. While the future may seem bleak and uncertain, marketers have a unique opportunity to make a lasting impact on existing and new customers if they take advantage of this slowed pace to optimize the customer experience […]
Former world number one Novak Djokovic arrived in Australia on Tuesday almost one year after he was deported for refusing to be vaccinated against Covid-19, tennis officials said. The nine-time Australian Open champion was initially banned from the country for three years after losing a high-stakes legal battle in January over his vaccine status. Australia […]