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Coming Up:
HUD Allocates $30 Million To Assist Low-Income Seniors Stay In Their Homes
HUD awarded $30 million to 32 nonprofit organizations to assist elderly homeowners with home repairs and modifications, ensuring they age in place safely.
Homebuyer Confidence Dips Due To High Prices, Sellers Remain Confident
Fannie Mae's Home Purchase Sentiment Index reported another split between homebuyers who are losing confidence due to rising prices and confident sellers, who are cashing in on a market with limited supply.
Birchwood Promotes New HR Manager, Hires New National Sales Manager
Birchwood Credit Services promoted Jasmine Kuzak to human resources manager and hired Greg Grubb to its sales team as national sales manager.
Redfin: Homebuying Conditions Improving As Rates Decline
Says 5-Month Streak of Record Prices Is Over, Supply Inching Up
Gateway First Bank Appoints President Of Mortgage Banking
Steven Plaisance Previously Worked For Arvest Bank
Default Risk Increases For Loans Backed By Fannie Mae And Freddie Mac
According to Milliman, the default risk for government-sponsored enterprise (GSE) acquisitions increased for the first time since 2019.
CFPB Issues Interpretive Rule On Juneteenth
The CFPB will determine whether the industry should treat Juneteenth as a federal holiday or a business day, due to time-sensitive borrower protections.
Arc Home Originates $376M In Non-QM For Q2
AG Mortgage Investment Trust, Inc.'s financial results for Q2 which ended on June 30, 2021 reported that its affiliate company Arc Home Loans, originated $376 million in non-QM production.
REIT Triples Loan Acquisitions Largely Due To Non-QM Increase
MFA Financial, Inc.'s residential mortgage investment portfolio jumped by $299 million during Q2 2021 with loan purchase activity that exceeded portfolio run-off.
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