Customers for life

Mar 27, 2007

Creative Mortgage Lending offers new ARM optionsMortgagePress.comHybrid option ARMs Creative Mortgage Lending has introduced its Hybrid Pay Option Adjustable Rate Mortgage (ARM). The Hybrid Pay Option ARM offered to brokers gives borrowers the choice of one of four options for payment—30-year amortization, 15-year amortization, interest-only payments or deferred interest. Southfield, Mich.-based Creative Mortgage Lending is a wholesale lender specializing in alt-A and non-prime lending. For more information, visit www.cmldirect.com.

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Mar 27, 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...