National industry appointments update - 06/07/2006

Jun 06, 2006

Ideal Financial Services opens Mequon officeMortgagePress.comIdeal Financial Services Ideal Financial Services Inc. has opened an office in Mequon, Wis. The new branch is one of five throughout the Midwest and is located at 10535 N. Port Washington Road, Suite 201. John Ristau, formerly of Ameriquest Mortgage, has been named vice president and general manager of the new location. He has four years of experience in the mortgage industry and 15 years of experience in sales. Ideal Financial Services Inc. is a residential mortgage lender based in Brookfield, Wis. For more information, call (800) 269-0030 or visit www.idealfinancial.com.

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Jun 06, 2006

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...