InterBay named among

National Mortgage Professional

Oct 30, 2007

National industry appointments update - 10/24/2007MortgagePress.comNational mortgage industry positions • Business Loan Express has hired Christian Lehnes as director of strategic national alliances and partnerships.

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Oct 30, 2007

Industry News

PennyMac Cutting 207 Jobs

A wide variety of positions are affected.

California-based PennyMac Financial Services Inc., a mortgage originator and servicer, will cut 207 jobs in the Golden State. According to Worker Adjustment and Retraining Notification (WARN) notices submitted to California’s Employment Development Department, 59 loan offic...

Analysis and Data

New-Home Sales Continue To Slide In April

Rising mortgage rates & home prices reducing affordability, even as supply grows.

As rising rates and prices curb the affordability of housing, new-home sales continued to decline in April, falling nearly 17% from a month earlier. According to data released jointly today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, ...