Applications for government-guaranteed or insured mortgages made up almost one-third of the week’s volume for the period ended May 1, the Mortgage Bankers Association said. Processing Content Rates for these loans tend to be lower. The Mortgage Bankers Association only provides rate data for the Federal Housing Administration-insured loan, which averaged 6.12% for the week, […]

Rocket Cos. came oh-so-close to reclaiming the top spot among mortgage originators in the first quarter. Processing Content The company, which acquired Redfin and Mr. Cooper last year, had closed loan volume of $44.7 billion. Its Detroit rival, United Wholesale Mortgage, ended the period with $44.9 billion. Pennymac trailed with $37 billion. But when asked

eXp Commercial announced that Mario Alvarez Jr. has joined the firm. Alvarez brings more than 20 years of experience in commercial real estate and more than $1 billion in career gross transaction volume, according to the company. He is based in southern California and is active across the Inland Empire, San Gabriel Valley, Coachella Valley