Articles by Alcynna Lloyd

Berkadia appoints new managing director for mortgage banking team

Tom Genetti will report directly to Senior Managing Director Richard Levine
Berkadia announced Friday that Tom Genetti has been appointed as managing director to its mortgage banking team. Genetti said he's eager to expand Berkadia's penetration in the Southeast and to bring unmatched debt solutions and exceptional service to a new client base.
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NAR: Existing home sales fall to 3-year low

Home prices experience the 79th consecutive month of year-over-year gains
After experiencing a flat August, existing home sales retreated in September, falling to the lowest level in nearly three years. NAR Chief Economist Lawrence Yun said that the decline in regional sales can be attributed to rising interest rates and the continuing climb of home prices.
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CBCInnovis announces partnership with Floify

Will enable lenders to better determine likelihood of default
CBCInnovis recently announced it will utilize Floify’s point-of-sale technology to facilitate the processing of its credit reports. FloifyCEO Dave Sims said the credit reporting integration has created a comprehensive and seamless loan process.
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Goldman Sachs honors Better Mortgage CEO Vishal Garg

Garg recognized as one of the most intriguing entrepreneurs in 2018
Goldman Sachs recently recognized Better Mortgage Founder and CEO Vishal Garg on its 100 Most Intriguing Entrepreneurs 2018 list, highlighting his efforts in the housing sector. Garg said Better Mortgage considers the recognition to be a testament to the success of the company's larger mission.
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Freddie Mac: Mortgage rates slightly retreat

A strong economy is expected to sustain demand
After weeks of continual increases, mortgage rates finally slowed down, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the modest decline in mortgage rates is a welcome respite from the rapid increase in rates the last few weeks.
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Wall Street worries lead to weakening housing stocks

Analysts reduce price targets as fears of rising interest rates grow
This week, fear of interest rate spikes contributed to a decrease in housing stocks after analysts lowered ratings and price targets for several companies in the housing industry, according to an article written by Jim Bounds for CNBC.
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Multifamily volatility drags down housing starts

Single-family construction remains solid
Housing starts decreased 5.3% in September, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Scott Volling, Principal, PwC said regional results indicate that weather may have had an impact on housing starts.
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MBA: Mortgage applications fall further

Refinance Index drops 9% from prior week
Mortgage applications continued to decrease for the week ending October 12, 2018, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. According to the report, the average contract interest rate for 5/1 ARMs reached its highest level in series history once again.
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