Homebuilders get hit with more bad news

July was another rough month for homebuilders, with mortgage applications for new home purchases dropping 16.1% from a year ago, according to the latest Mortgage Bankers Association‘s builder application survey. Compared to June 2022, applications decreased by 7%. “Mortgage applications to purchase newly built homes weakened in July, as prospective

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Suzy Lindblom named COO at Arc Home

Mortgage operations veteran Suzy Lindblom was named chief operating officer at lender and servicer Arc Home this week. Lindblom joins the non-QM-focused lender following a stint at First Guaranty Mortgage Corp., where she was COO before the company declared Chapter 7 bankruptcy and folded. She was previously the COO at

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