Calyx Software enhances I-Update

National Mortgage Professional

Aug 01, 2007

McMahon Mortgage merges with Residential MortgageMortgagePress.comCalifornia mortgage companies McMahon Mortgage Group (MMG) has merged with Residential Mortgage Corporation (RMC). "We have been aligned with RMC for nearly four years now," said MMG President Don McMahon. "RMC brings significant resources to our mortgage clientele, including many more loan programs and innovations that will provide abundantly more value." "MMG is an ideal fit for RMC," said RMC President John Anderson. "They focus on innovative client solutions and strategic planning that blends well with our mortgage management advisory concepts." RMC is a mortgage company based in Los Olivos, Calif. For more information, call (800) 203-6606 or visit www.reloans.com.

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Aug 01, 2007

Analysis and Data

Monthly Rental Costs Increase Putting Strain on Renters

Realtor.com reported Thursday that the median rent price hit $1,827 in April.

The relentless rise in the cost of rent continued in April with the 14th consecutive month of record setting prices. Realtor.com reported Thursday that the median rent price hit $1,827 in April, highlighting the affordability struggles reported by renters. “April data illu...

Industry News

Mortgage Industry Will Soon Be ARMed To The Teeth

ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks.

According to a new report by Redfin, the typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking out an adjustable-rate mortgage. That’s the largest savings in dollar volume for adjustable-rate mortgage (ARM) holders since at l...