Real Estate Broker/Agency News

Mortgage rates increase to 3.12% as Fed charts new course

The average 30-year-fixed rate mortgage increased to 3.12% during the week ending Dec. 16, up from 3.10% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.67%. The 15-year-fixed-rate mortgage averaged 2.34% last week, declining from 2.38% the week prior. A year ago,

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Interfirst, the phoenix of mortgage, lays off hundreds

In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage, the retail mortgage business he founded in 2001, had grown to $14.5 billion in originations, cementing its place as the 15th-largest originator in the country. By July 2013, things were going so well that Godin and his

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Alanna McCargo confirmed as Ginnie Mae president

The U.S. Senate confirmed Alanna McCargo late Tuesday evening, by voice vote, as president of Ginnie Mae. The position has been unfilled on a permanent basis since 2017. Ginnie Mae, which is part of the Department of Housing and Urban Development, oversees guarantees totaling around $2.1 trillion of privately issued

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