North Carolina industry appointments update - 6/11/2007

Jun 10, 2007

BNY Mortgage offers fixed-rate jumbo reverse mortgageMortgagePress.comReverse mortgages BNY Mortgage Company LLC has introduced Prime Advantage, a fixed-rate jumbo reverse mortgage. "With interest rates more than doubling over the past three years, many homeowners are uncomfortable with an adjustable rate," said Robert Sivori, co-president of BNY Mortgage. "Prime Advantage eliminates this uncertainty by providing an opportunity to lock in a fixed rate at closing. It also provides the flexibility to eliminate lender closing costs and gives borrowers the comfort of knowing exactly how much money they will owe at any point in time." Newburgh, N.Y.-based BNY Mortgage Company LLC is an originator and servicer of reverse mortgage loans and a subsidiary of EverBank Financial Corporation. For more information, call (800) 651-6941 or visit www.bnymortgage.com.

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Jun 10, 2007

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...