FHA

HKTDC's major focus areas promote Hong Kong's advantages

Retrieved on: 
Wednesday, February 21, 2024

HONG KONG, Feb 21, 2024 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) today announced its major focus areas for 2024-2025, which strengthen Hong Kong's status as a leading global business and investment hub and convention and exhibition (C&E) centre.

Key Points: 
  • HONG KONG, Feb 21, 2024 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) today announced its major focus areas for 2024-2025, which strengthen Hong Kong's status as a leading global business and investment hub and convention and exhibition (C&E) centre.
  • The HKTDC is committed to promoting Hong Kong's advantages internationally and creating opportunities for Hong Kong businesses.
  • Looking ahead, we will further consolidate Hong Kong's status as an international financial, trade and international C&E centre and promote Hong Kong's strengths internationally.
  • - We will deepen collaboration with R&D and innovation centres of Hong Kong-based universities to promote technology commercialisation with a focus on healthtech.

The Carrington Companies Name Andrew Taffet as Chief Executive Officer

Retrieved on: 
Tuesday, March 5, 2024

In recognition of his extensive responsibilities for all areas of company business, Andrew Taffet, Chief Investment Officer, has assumed the additional role of Chief Executive Officer for The Carrington Companies, succeeding company Founder Bruce Rose.

Key Points: 
  • In recognition of his extensive responsibilities for all areas of company business, Andrew Taffet, Chief Investment Officer, has assumed the additional role of Chief Executive Officer for The Carrington Companies, succeeding company Founder Bruce Rose.
  • Mr. Rose will assume the role of Chairman of the Executive Committee of The Carrington Companies.
  • View the full release here: https://www.businesswire.com/news/home/20240305649075/en/
    In recognition of his extensive responsibilities for all areas of company business, Andrew Taffet, Chief Investment Officer, has assumed the additional role of Chief Executive Officer for The Carrington Companies, succeeding company Founder Bruce Rose.
  • Mr. Rose will assume the role of Chairman of the Executive Committee of The Carrington Companies.

ICE Mortgage Monitor: First-Time Homebuyers Make Up Record 47% of GSE Purchase Loans, 39% of All GSE Securitizations in 2023

Retrieved on: 
Monday, March 4, 2024

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.

Key Points: 
  • Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.
  • While it remains a tough market for prospective purchasers, our eMBS agency securities database revealed that first-time homebuyers actually made up 55% of all agency purchase mortgages last year.
  • They made up 39% of all GSE securitizations in 2023 – 12 percentage points higher than any other vintage in the past decade.
  • The market in which these folks purchased their first home was one of record house prices, ballooning down payments, rising rates and elevated DTIs.

Freedom Mortgage Wins Fannie Mae STAR Performer Award for 8th Year in a Row

Retrieved on: 
Thursday, March 7, 2024

BOCA RATON, Fla., March 7, 2024 /PRNewswire/ -- Freedom Mortgage, one of the largest full-service independent mortgage companies, and a top Department of Veterans Affairs (VA) and Federal Housing Administration (FHA) (government-insured) lender in the U.S., has received Fannie Mae's Servicer Total Achievement and Rewards™ (STAR™) Performer Award for the eighth straight year. Freedom Mortgage was recognized for excellence in General Servicing and for demonstrating operational effectiveness and measurable results to improve the housing industry.

Key Points: 
  • Freedom Mortgage was recognized for excellence in General Servicing and for demonstrating operational effectiveness and measurable results to improve the housing industry.
  • Freedom Mortgage is one of the top ten largest servicers in the U.S., according to Inside Mortgage Finance magazine (4Q23).
  • The company is proud to have serviced the mortgages of 2 million homeowners, representing over $460 billion in loans last year.
  • "Once again, we are extremely honored to be recognized by Fannie Mae," said Stanley C. Middleman, president and CEO of Freedom Mortgage.

Freedom Mortgage Corporation Proud to Launch 5th Annual Celebrate Freedom Award Contest

Retrieved on: 
Friday, March 1, 2024

BOCA RATON, Fla., March 1, 2024 /PRNewswire/ -- Freedom Mortgage, one of the largest full-service independent mortgage companies, and a top Department of Veterans Affairs (VA) and top Federal Housing Administration (FHA) (government-insured) lender in the U.S., starts accepting submissions today for the fifth annual Freedom Mortgage Celebrate Freedom Contest. The winner will be announced on July 4, 2024, at the Wawa Welcome America Festival in Philadelphia during the Celebration of Freedom Ceremony presented by Freedom Mortgage.

Key Points: 
  • BOCA RATON, Fla., March 1, 2024 /PRNewswire/ -- Freedom Mortgage , one of the largest full-service independent mortgage companies, and a top Department of Veterans Affairs (VA) and top Federal Housing Administration (FHA) (government-insured) lender in the U.S., starts accepting submissions today for the fifth annual Freedom Mortgage Celebrate Freedom Contest .
  • The Celebrate Freedom Contest is open to all service members, veterans, first responders, and healthcare workers.
  • The Celebrate Freedom Contest grand prize award winner will receive a trip for two to Philadelphia to attend the Wawa Welcome America Festival on July 4 and receive a check for $10,000 from Freedom Mortgage.
  • For full rules and to enter the Freedom Mortgage Celebrate Freedom Contest, visit www.freedommortgage.com/celebrate .

Wingate Multifamily Closes on Boulevard North in Atlanta GA

Retrieved on: 
Friday, March 1, 2024

ATLANTA, March 1, 2024 /PRNewswire-PRWeb/ -- Wingate Multifamily, a newly formed affiliate of Wingate Companies of Newton, MA, is pleased to announce the closing of Boulevard North, the fourth phase of Wingate's multi-phase redevelopment in the Old Fourth Ward neighborhood of Atlanta, GA. This development, comprised of 88 new construction units, aims to offer secure and well-appointed affordable housing options for families previously residing in a portfolio of properties known as Bedford Pines.

Key Points: 
  • ATLANTA, March 1, 2024 /PRNewswire-PRWeb/ -- Wingate Multifamily, a newly formed affiliate of Wingate Companies of Newton, MA, is pleased to announce the closing of Boulevard North, the fourth phase of Wingate's multi-phase redevelopment in the Old Fourth Ward neighborhood of Atlanta, GA.
  • Since the early 1970s, Wingate has been a pioneer in the revitalization of housing in the Old Fourth Ward.
  • Boulevard North represents a significant step in Wingate's ongoing commitment to preserving and enhancing affordable housing options in one of the fastest changing submarkets in Atlanta.
  • Boulevard North and City Lights as a whole would not be possible without the immense support from many important partners.

Motto Mortgage Premier Experts to Host Grand Opening Celebration on Thursday, March 7

Retrieved on: 
Thursday, February 29, 2024

MERIDIAN, Miss., Feb. 29, 2024 /PRNewswire/ -- Motto Mortgage, the first-and-only national mortgage brokerage franchise in the United States focused on transparency and compliance, has a new office in Meridian, Mississippi. Motto Mortgage Premier Experts is now open and serving all markets throughout The Magnolia State.

Key Points: 
  • Motto Mortgage Premier Experts is now open and serving all markets throughout The Magnolia State.
  • Motto Mortgage Premier Experts will hold a grand opening celebration on Thursday, March 7, 2024, from 10 – 11 a.m. at its office located at 607 22nd Avenue in Meridian.
  • Motto Mortgage Premier Experts is a customer-first, full-service mortgage brokerage established by Tim Allred, Dustin Hill, and Darryl Jackson, who together bring over 60 years of combined real estate industry experience to the brokerage.
  • For more information about the grand opening celebration, please contact Motto Mortgage Premier Experts at 601-512-2275.

Silverton Mortgage Names Chhabra Vice President of Sales

Retrieved on: 
Thursday, February 29, 2024

ATLANTA, Feb. 29, 2024 /PRNewswire-PRWeb/ -- Silverton Mortgage, a leading direct residential mortgage lender, announced today that Manik Chhabra has been promoted to the position of Vice President of Sales for the company.

Key Points: 
  • ATLANTA, Feb. 29, 2024 /PRNewswire-PRWeb/ -- Silverton Mortgage, a leading direct residential mortgage lender, announced today that Manik Chhabra has been promoted to the position of Vice President of Sales for the company.
  • His responsibilities include establishing ambitious sales objectives, guiding the sales team, overseeing daily sales operations, engaging with key clients and crafting effective sales and marketing strategies to promote the company's services.
  • "Given the current market challenges, we need a leader like Manik to oversee our efforts in communicating our sales goals both internally and externally," said Dan Dadoun, president of Silverton Mortgage.
  • Founded in 1998, Silverton Mortgage has grown from a one-man operation to an acknowledged leader within the mortgage industry.

HOME-MORTGAGE LENDING NEAR TWO-DECADE LOW AS SLUMP CONTINUES ACROSS U.S. DURING FOURTH QUARTER

Retrieved on: 
Thursday, February 29, 2024

IRVINE, Calif., Feb. 29, 2024 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its fourth-quarter 2023 U.S. Residential Property Mortgage Origination Report, which shows that 1.35 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the fourth quarter, representing a 13.8 percent decline from the prior quarter. The drop-off marked the tenth in the last 11 quarters.

Key Points: 
  • Ongoing declines in lending activity during the fourth quarter resulted from losses in all major categories of residential lending.
  • That was down 14.9 percent from the third quarter of 2023 and 18.6 percent from the fourth quarter of 2022.
  • Lenders issued 487,671 residential refinance mortgages in the fourth quarter of 2023, down from 529,683 in the third quarter.
  • Home-purchase borrowing comprised 45.9 percent of all loan originations in the fourth quarter of 2023, down from 48.5 percent in the prior quarter and 48 percent in the fourth quarter of 2022.

Loan Processing Powerhouse wemlo® Celebrates a Year of Record Growth, Expands Service Offerings with Addition of Five New Supported Lenders

Retrieved on: 
Tuesday, February 27, 2024

BOCA RATON, Fla., Feb. 27, 2024 /PRNewswire/ -- Coming off a record year of growth, wemlo® is making waves in the mortgage industry by providing brokers with a flexible, effective option for third-party loan processing. Since the company's acquisition in 2020, wemlo has helped hundreds of brokers across the United States increase productivity, manage bigger pipelines, and grow their businesses.

Key Points: 
  • Furthermore, the wemlo processing team averaged 20 business days to get a loan from submission to closing, blowing the industry average of 49 days* out of the water.
  • "We strive to offer unparalleled service with industry-leading offerings to help our customers get effective results, fast.
  • That's why we've continued to grow our processing support and expand our service offerings to keep up with the evolving needs of the broker channel."
  • To further expand its service offerings this year, wemlo added five new supported lenders to its roster including Windsor Mortgage, Loan Simple Wholesale, NexBank, Union Home Mortgage, and GMFS Partners.