Articles by Alcynna Lloyd

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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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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MBA: Mortgage applications increase 4.1%

Interest rates continue to decrease
Mortgage applications climbed in numbers, increasing 4.1% from last week. But this week’s results included an adjustment for the Memorial Day holiday. On an unadjusted basis, the index decreased 7% from last week.
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LERETA promotes Susan Portnoy

Will serve as Senior Vice President
LERETA, a leading national real estate tax and flood determination services provider, announced this week they promoted Susan Portnoy to senior vice president, and in her new role she will oversee LERETA's new product development initiatives including the Total Tax Solutions platform, business intelligence, data and analytics.
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CoreLogic: Home values increase in all 50 states

Construction and supply are still roadblocks
Home prices for all 50 states increased year over year in April as construction and supply continue to impact the housing market. CoreLogic explained new construction has failed to keep up with and meet new housing growth or replace existing inventory.
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Nukando launches app for new condominium projects

When real estate and technology go hand in hand
Nukando released an app that showcases the top new developments in Miami. The multi-platform tool streamlines interactions between condominium developers and brokers with buyers and their agents, as well as speeding up sales, lowering market costs, and limiting risks for all parties involved.
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