Articles by Alcynna Lloyd

Roostify appoints new chief financial officer

Amblard has more than a decade of board operating experience
Tech100 winner Roostify follows through on its plans of expansion, appointing Eric Amblard as its new chief financial officer. Amblard brings with him more than a decade of board operating experience scaling B2B SaaS companies.
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Want an extra $1,000 to pay off your mortgage?

New Jersey senator proposes tax credit relief
A New Jersey senator proposes a $1,000 tax credit to help middle-class homeowners pay off their mortgages. With home prices increasing at least twice the rate of inflation, the measure could bring much-needed relief to Garden State homeowners.
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LRES announces new SVP of corporate administration

Jill Haro will oversee the vendor management department
LRES Corp., a national residential and commercial mortgage services company, recently announced it promoted Jill Haro to the position of senior vice president of corporate administration.Haro has more than 15 years of experience in the real estate mortgage services industry and was recognized as a vital leader in the effort to grow the company’s business and market share.
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Freddie Mac: Mortgage rates reach fourth highest level of 2018

30-year fixed-rate mortgage in second consecutive week of 4.6%
Mortgage rates climbed higher this week, reaching its fourth highest level of 2018, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says potential high inflation and borrowing costs will modestly rise in coming months.
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Fannie Mae reports income of $4.5B in Q2

Will pay Treasury $4.5B in Q3
Fannie Mae reported Thursday it posted a comprehensive income of $4.5 billion in the second quarter of 2018, which was primarily driven by an increase in credit-related income due to the redesignation of loans from held-for-investment to held-for-sale. This income is up slightly from Q1's $3.9 billion, and up from Q2 of 2017, when it saw a comprehensive income of $3.1 billion.
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Can you afford to finance a tiny home?

You won't be able to use a traditional loan
As more people buckle under the weight of mortgage and rental rates, alternative housing has become a viable option. Specifically, tiny homes have piqued the interest of those wanting to ditch the picket fence and fat loan. But how affordable is a tiny home? Not very.
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Construction spending declines 0.1% in June

The June figure is 6.1% above June 2017
The U.S. Census Bureau of the Department of Commerce announced Tuesday that construction spending during June 2018 was estimated at a seasonally adjusted annual rate of $1,317.2 billion, 1.1% below the revised May estimate of $1,332.2 billion.
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ADP: Employment increases 219,000 in July

Construction jobs increase from last month
U.S. employment rates continue to rise, increasing in almost every sector in July, according to the ADP and Moody's Analytics National Employment Report. ADP Research Institute Vice President and Co-Head Ahu Yildirmaz said the labor market is on a roll with no signs of a slowdown in sight.
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MBA: Mortgage applications fall 2.6%

5/1 ARMs increase to record high
Mortgage applications decreased 2.6% from last week, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending July 27, 2018. Notably, the average contract interest rate for 5/1 ARMs increased to 4.17% this week, which is its highest level in survey history.
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