Arizona industry appointments update - 10/9/2007

Oct 08, 2007

National industry appointments update - 10/1/2007MortgagePress.comNational mortgage industry positions • Downey Financial Corporation has hired Frederic R. McGill as its president. • The U.S. Department of Veterans Affairs has promoted Keith Pedigo to associate deputy undersecretary for policy and program management and Judy Caden to director of its home loan program.

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National Mortgage Professional

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Oct 08, 2007

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...