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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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Second-lien warehouse facility availability hits 2-year high

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Warehouse lines that play an increasingly important role in the housing finance market are more available for some nontraditional loan types than others, the latest Mortgage Bankers Association survey shows. Processing Content The share of warehouse lenders offering second-lien facilities and/or sublimits has been the highest it has been since the group began its survey

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