Articles Tagged with ''Mortgage''

Joe Cartellone joins BBVA Compass as director of mortgage banking and home equity

20-year industry vet to take charge of BBVA's U.S. mortgage business
BBVA Compass appointed Joe Cartellone as its director of mortgage banking and home equity. In his new role, Cartellone will head BBVA Compass’ mortgage and home equity business across the U.S., including mortgage and home equity originations, servicing, secondary marketing and portfolio management.
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Minimum wage, minimum housing prospects

Minimum wage workers can’t afford a 2-bedroom anywhere in the U.S.
[Op-ed] If you make minimum wage, chances are you have limited housing prospects. The maximum affordability for most low income renters is $660 a month, but they need to make at least $22.10 in order to rent a modest 2-bedroom apartment. Sadly, most market-rate apartments in every U.S state continue to be out of reach.
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CoreLogic: Home equity gains top $1 trillion in first quarter

84,000 residential properties regain equity
Home equity increased 13.3% in 2018 for mortgage borrowers, representing a gain of $1.01 trillion since 2017. CoreLogic President and CEO Frank Martell said he predicts that strong economic growth and higher purchase demand will continue to raise home equity balances across the nation.
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Redfin Mortgage expanding to Georgia

Seventh state to join the mortgage operation
Redfin announced it is expanding its Redfin Mortgage operations to Georgia, making the Peach State the seventh that the company has expanded its mortgage operations to since entering the space last year. 
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Millennials are now buying more homes than ever

This is the highest percentage since May 2017
Continued limited housing inventory has raised the competition for home buying amongst Millennials, who are buying new homes in record numbers. In April, 89% of mortgage loans made to Millennial borrowers were for new home purchases, which is up one percentage point from March, and the highest percentage since May 2017.
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