Positive jobs report sends mortgage rates higher

Let’s first state the facts regarding our country’s wonderful week in labor data. When we look at the history of U.S. economics, this week is one for the record books As someone who professed early in the Covid-19 recovery that we would see 10,000,000 job openings — and the labor

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Altos Research housing market predictions for 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the data for this

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USAA Federal Savings Bank cuts 130 positions in real estate lending 

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. The layoffs at USAA Federal Savings Bank represent about 1.6% of the total bank workforce, Bradley Russell, USAA’s corporate spokesperson, confirmed.  “In order to continue exceptional service

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Logan Mohtashami to speak at Gathering of Eagles 2023

Logan Mohtashami, lead analyst for HW Media, is taking the stage at Gathering of Eagles 2023 to give an update on the state of housing and the economy.  Mohtashami’s presentation is scheduled for Tuesday, June 20.  Mohtashami’s proprietary modeling is essential to any leader making business plans in 2023. His

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Apex Home Loans names Leo Anzoleaga as SVP of residential lending

Maryland-based mortgage lender Apex Home Loans has appointed Leo Anzoleaga as its senior vice president of residential lending. In his new role, Anzoleaga will be tasked with generating more residential mortgage business, fostering business partnerships and improving customer experience. “What I’m most excited about in joining Apex is the opportunity

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ICE Mortgage Technology is betting on increased sales for 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The silver lining for the business was the strong sales in its Encompass loan origination software system in the fourth

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FOA announces the sale of Incenter’s title businesses

Finance of America (FOA) indirect subsidiary Incenter is selling its title insurance businesses, according to an announcement made on Thursday. Incenter has entered into an agreement with a wholly owned subsidiary of Essent Group Ltd. to sell the issued and outstanding shares of Agents National Title Holding Company (ANTIC) and

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