HousingWireHousingWire Corcoran Group is expanding to the Tar Heel State. The brokerage announced this week that it’s adding a franchise in Raleigh, North Carolina, the company’s first foray into the state. DeRonja Real Estate is the franchisee and it boasts 36 experienced agents. “The beautiful and iconic Corcoran branding, paired…
Continue reading →HousingWireHousingWire After several months of searching, Freddie Mac has found a new CEO, announcing on Tuesday the hiring of former PNC Financial Services executive Diana Reid. The government-sponsored enterprise (GSE) had been without a permanent CEO since March, when Michael DeVito retired after three years on the job. Michael Hutchins…
Continue reading →HousingWireHousingWire The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. And Rohit Chopra, the hard-charging director of the Consumer Financial Protection Bureau, who is often the target of such complaints, apparently agrees. At least…
Continue reading →HousingWireHousingWire Last week, Guild Mortgage announced a suite of products under the name “Flex Payment Mortgage.” The brand includes Home Equity Conversion Mortgage (HECM) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. After acquiring the robust reverse mortgage division of Cherry Creek Mortgage in…
Continue reading →HousingWireHousingWire Better Home & Finance Holding Co., the parent of digital lender Better.com, rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday. The product is available for qualified borrowers with an existing FHA loan who are looking to lower their monthly mortgage payment, reduce their interest rate,…
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