The world of credit: Credit repair

May 31, 2006

National industry appointments update - 05/22/2006MortgagePress.comMortgage industry positions - Ivanhoe Mortgage has appointed Robert Brown to senior vice president of retail production. - Mavent Inc. has hired Robin Warren as senior advisor. - ResMAE Mortgage Corporation has named John DesMarteau regional vice president for its Midwest operations and Quang To regional vice president of its Broker Direct division. - Pinnacle Direct Funding Corporation has promoted Steve Dickmann, Scott G. Johnson and Richard Knaus each to the position of senior account manager. - Doug Lee has been named head of correspondent lending at Macquarie Mortgages USA Inc. - Kevin T. Pogoda Esq. has joined Old Republic National Title Insurance Company as assistant vice president and Virginia state manager.

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May 31, 2006

Analysis and Data

Teensy Nudge Up For 30-Year Fixed-Rate Mortgage Rates

30-year FRM stays essentially flat following seven weeks of downward drift

The average 30-year fixed-rate mortgage (FRM) rate rose ever so slightly to 6.65% as of the week ending March 13, an increase from 6.63% the prior week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Sam Khater, chief economist at the company, note...

Regulation and Compliance

New FHFA Director To Prioritize Efficiency Over GSE Re-Privatization

Industry groups applaud Bill Pulte’s confirmation as FHFA Director, pledge to work on U.S. housing affordability ‘crisis’

Now that the U.S. Senate has confirmed Bill Pulte as Director of the Federal Housing Finance Agency (FHFA), reports have it that Pulte’s top priority will not be removing Fannie Mae and Freddie Mac from government conservatorship. Rather, he’ll focus on rooting out any f...