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Author name: Ricky Vasquez

Falling pull-throughs signal borrowers closely watching rate moves

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Rising mortgage rates led loan volume to shrink in May, while declining pull-throughs suggest some borrowers are changing plans in the midst of current volatility, according to the latest Market Advantage report from Optimal Blue.  Processing Content The product-pricing engine and secondary trading platform reported mortgage lock volume down 5.4% on a monthly basis in […]

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Zachary Carpenter is the new CEO of the Farmer Agricultural Mortgage Corp., Farmer Mac.

Farmer Mac’s CEO succession plan sped up nine months

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Farmer Mac’s CEO transition will take place nine months earlier than previously disclosed, the government-sponsored enterprise announced. Processing Content Zachary Carpenter, currently president and chief operating officer of the publicly traded business formally known as the Federal Agricultural Mortgage Corp., will now start as CEO on July 1. Zachary Carpenter, president and COO, will take

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Lenders aren’t extending their credit offerings this spring

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Lenders are not changing their gameplans this spring as rising rates have stalled some early-year housing market momentum.  Processing Content The Mortgage Bankers Association said Tuesday its Mortgage Credit Availability Index rose by just 0.1% from April to 108.0 in May. While the increase indicates slightly loosening credit offerings by lenders, the index has remained

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