Articles by Alcynna Lloyd

Mortgage lenders: Demand for refinances falls to three-year low

Fannie Mae report shows bleak outlook for refinances amid rising rates
Mortgage lenders are reporting that the demand for refinances is at a three-year low, driven by rising interest rates. The news comes courtesy of Fannie Mae’s second quarter 2018 Mortgage Lender Sentiment Survey, which also shows that increasing home prices and low housing supply continue to threaten mortgage demand.
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Walker & Dunlop adds Mark Besharaty to California multifamily team

Besharaty will focus on driving multifamily loan origination growth
Walker & Dunlop announce the addition of Mark Besharaty, as senior vice president and chief production officer to lead a new initiative focused on multifamily small loans. The company hopes that multifamily small loans will provide sustainable and affordable financing solutions for smaller properties in a rapidly growing market.
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Finastra announces integration with Optimal Blue

Fintech company integrates Optimal Blue APIs into mortgage origination solutions
Finastra announced it will integrate Optimal Blue's REST APIs into its mortgage origination solutions, providing clients real-time access to compliant product and pricing content throughout the company's Fusion Mortgagebot solutions. The company explained the integration enables its bank and credit union clients to provide mortgage applicants with Optimal Blue’s live pricing searches via any point-of-sale channel.
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TMS adds four to leadership team

Additions aim to accelerate company's growth
To support its expanding portfolio, fintech company and 2018 HW Tech100 winner TMS announced the addition of four members to its leadership team. TMS explained these new additions aim to accelerate growth and bring the company closer to its goal of servicing more than 1 million loans by 2022.
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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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Ben Carson breaks ground at HUD's first EnVision Center

Also announces the first round of EnVision Center designations
U.S. Department of Housing and Urban Development Secretary Ben Carson traveled to his hometown of Detroit for the groundbreaking of the agency's first EnVision Center. Carson also announced the first round of EnVision Center designations in 17 communities nationwide.
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Hunt Mortgage Group hires Precilla Torres to lead proprietary lending group

She will be based in the firm’s New York office
Hunt Mortgage Group recently announced it has hired Precilla Torres as senior managing director and head of the company's proprietary lending group. She will be based in the firm’s New York office and report to Hunt Mortgage President and Chief Investment Officer Jim Flynn and is responsible for establishing overall lending and program goals for the business unit.
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