Motto Mortgage has a new office in Pinetop, Arizona, led by mortgage officer Deb Gaustad.
VantageScore has announced the launch of its new “Mortgage Resource Center” to help lenders transition to using VantageScore 4.0.
AnnieMac Home Mortgage has announced the expansion of its Cash2Keys Cash Offer platform to include FHA loan eligibility. The Cash2Keys platform allows buyers present a cash offer upfront to compete with traditional cash buyers, removing the offer’s mortgage contingency without having their on cash. If the buyer cannot close due to a financial reason, AnnieMac Cash2Keys purchases the home and resells to the buyer for the same price; at closing, the cash purchase smoothly transitions into a mortgage, without disrupting the buyer’s financing plans or monthly budget.
CME Group has announced it will expand its interest rate complex with the addition of mortgage rate futures in January 2025, pending regulatory review. Mortgage rate futures are cash-settled contracts, available to trade on CME Globex, that provide direct exposure to the latest primary mortgage rate available to borrowers. The contracts will be based on the 30-Year Fixed Rate Conforming Optimal Blue Mortgage Market Index.
Sales Mastery and Momentum Builder have announced a merger into a unified brand: Sales Mastery Powered by Momentum Builder. The acquisition of Sales Mastery by Momentum Builder combines the two companies into one provider of sales training, coaching and performance solutions tailored specifically for the housing industry. The merged company has announced a new flagship event, dubbed “Beyond Boundaries,” to feature thought leaders, breakout sessions and networking; the event is set for Dallas in October 2025.
The National Community Reinvestment Coalition (NCRC) and HSBC have announced a four-year, $25 million community growth initiative, as part of HSBC’s broader strategy to drive responsible banking practices and promote financial equity across its U.S. footprint and designed to address concerns raised by NCRC. The partnership, which begins January 2025, aims to expand economic opportunities in low- and moderate-income, diverse and underserved communities through a combination of loan subsidies, community development grants and philanthropic donations. Specifically, HSBC has committed $10 million in loan subsidies to support homebuyers, particularly in low- and moderate-income, diverse and underserved communities. Some $3.5 million of these subsidies will be allocated to certain California markets to address specific community development needs. HSBC and NCRC will each oversee $4 million in grants to Community Development Financial Institutions (CDFIs) and community-based nonprofit organizations that deliver services such as credit counseling, financial education and homeownership support to residents in majority Black and Hispanic communities. HSBC will also make a $6 million donation to NCRC and dedicate another $1 million to community engagement aimed at expanding inclusion in its current operating markets nationwide.
