David Krechevsky

Company says loan platform will revolutionize origination and mortgage portfolio management.

The 25% reduction of its workforce comes as it posts $478 million Q2 loss.

The temporary buydowns will lower borrowers’ interest rates by up to 2% for the first two years of a mortgage. 

MBA economist says purchase activity may pick up if mortgage rates continue to move lower.

The Ameris Down Payment Grant Program will help eligible first-time buyers with down payments and closing costs.

Sinking builder confidence leads to fewer starts but more completions.

About 16% of home-purchase agreements called off in July, highest rate in 2 years.

NAHB chief economist says Fed policy & high construction costs will cause first decline in housing starts since 2011.

The $359 million non-prime RMBS transaction comprises 681 mortgages, 83.5% of which utilized alternative income documentation.

Alternative real estate financing company cut about 120 jobs.