Delinquencies declined broadly in April from March among home loans originated between 2004 and 2007, said Standard & Poor’s Ratings Services, the latest sign the number of US households behind on mortgage payments appears to be leveling off. The middle years of the decade saw the loosest underwriting standards as the housing bubble hit its apex.
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The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”
Guild Mortgage, an independent mortgage lender, announced late last week that it has promoted three senior members of its leadership team as it continues to grow.