Almost half of servicers have mixed views on whether affordability is their main challenge, according to a new Fitch Ratings report. Processing Content Nearly half of mortgage servicers at a recent roundtable the rating agency held identified it as such, in line with ongoing debate over how much of stress there is on loan performance […]
Servicers split on whether affordability is the top concern: Fitch Read More »
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
Falling pull-throughs signal borrowers closely watching rate moves Read More »
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
Farmer Mac’s CEO succession plan sped up nine months Read More »