Truitt most recently served as CFO of Flagstar Bank’s Mortgage Division, where he oversaw financial statement preparation, budgeting, forecasting, regulatory reporting, risk management and investor relations for a network of 88 retail locations, and a wholesale network of approximately 2,000 third-party mortgage originators. He also oversaw recordkeeping for $204 billion in home loans servicing and subservicing.Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending
Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...
The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country
Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...
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