
IMB profits drop, but 2021 was strong
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks had a strong year in 2021, although financial-performance numbers fell short of the heights seen

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks had a strong year in 2021, although financial-performance numbers fell short of the heights seen

March saw mortgage rate locks grow by 19% month over month, as it appears that homebuyers aren’t quite done racing to beat rising interest rates,
Guaranteed Rate closed on its acquisition of Attorneys’ Title Guaranty Fund Inc. (ATG), a Chicago-based title insurance underwriter. The merger was first announced in January.

Details of a major leadership overhaul at Fannie Mae have come to light, as CEO Hugh Frater is retiring and Sheila Bair, chair of the
Geneva Financial added Kelly Singh as chief compliance officer. She will drive quality control and compliance for the company’s direct mortgage lending operations in 46

Since the beginning of 2022, the typical monthly mortgage payment for a homebuyer has risen by more than $500, and it’s taking a toll on
Homebridge Financial Services unveiled the “Our Community” hub on the company’s website. This resource provides a new level of transparency about Homebridge’s current diversity and

The national labor market continued its solid progression in March, adding 431,000 nonfarm jobs during the month, according to the U.S. Bureau of Labor Statistics.

Apartment rent growth has slowed somewhat from the stout pace seen last year, but the multifamily sector nonetheless had another strong month in March, Yardi
Guaranteed Rate announced that it has named veteran marketing executive Sanjay Gupta as its new chief marketing officer and chief digital officer. Gupta will be responsible
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