Today, the MBA’s purchase application data showed 4% week-to-week growth and 7% year-over-year growth, even though mortgage rates are near yearly highs and inflation data has recently been rising. Over the past few years, mortgage rates would already have been over 7% with the 10-year yield at its current level because mortgage spreads were worse…
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GO Mortgage has launched a third-party origination (TPO) channel built on a new wholesale platform, the company announced Tuesday. Leading the effort is Rob Saunders, who was named executive vice president of TPO production. “We didn’t build this to compete with what’s out there,” GO Mortgage CEO Jay Promisco said in a statement. “We built…
Mungo Homes named homebuilding operations standout Ric Rojas as president of its newly created Mid-Atlantic region, a leadership role designed to support the company’s ongoing expansion. Rojas, who joined the company on April 27, will be based in Mungo’s Raleigh office, the builder – one of Clayton‘s site-build multi-regional operators – announced. Rojas, a Virginia…
The companies made clear the initiative is built around simplicity as well as data input and control for real estate agents.