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Union Home Mortgage adds two executive leaders

Housing Wire

Union Home Mortgage (UHM) on Friday announced two changes to its executive leadership team, just days after the company grew its footprint through the acquisition of NRL Mortgage. ” Alonzo arrives at UHM with 25 years of mortgage and banking experience, most recently at Caliber Home Loans.

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Don’t be surprised if a 61-year-old white woman buys your house

Housing Wire

Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older. First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers.

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Mortgage rates jump to 2.81%

Housing Wire

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. Increasing lending and servicing capacity – regardless of mortgage rates. for the week ending Feb.

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Panorama Mortgage Group Appoints Philip Riccio Chief Financial Officer

Appraisal Buzz

Philip Riccio has been appointed chief financial officer for Panorama Mortgage Group , a multi-channel mortgage company headquartered in Las Vegas. Riccio has two decades of experience in the mortgage industry. Since joining Panorama Mortgage Group in 2022 as senior vice president of capital markets.

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Success Mortgage CEO nominated as MBA vice chairman

Housing Wire

The Mortgage Bankers Association (MBA) on Wednesday announced that Owen Lee, CEO at Success Mortgage Partners (SMP), has been nominated to serve as the association’s vice chairman for the forthcoming 2025 membership year.

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HUD proposes permanent program for sale of seriously delinquent mortgages 

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA).

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Homebuilders are done until mortgage rates fall

Housing Wire

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. The credit cycle looks much different now than the build-up from 2002-2005. In the past, builders benefitted when mortgage rates fell toward 4% and below.

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