Top Originator Michael Puorro Joins Embrace

Michael Puorro has joined Embrace Home Loans in its Basking Ridge, NJ, branch as producing sales manager, the company announced in a press release. Puorro brings nearly two decades of mortgage industry experience to the position, having spent the last nine years as a top-producing originator at Caliber Home Loans. In just his last three years there, he originated $383 million in loans. “I’m excited to join such an incredible organization. When I first met [Brian Woltman, Basking Ridge branch manager], I knew right away we shared a very similar approach to the mortgage business,” Puorro said. “I was also attracted by Embrace’s solid reputation and strong mix of innovative loan products. I particularly like that Embrace is big enough…

Morning Roundup (1/25/2022)– Emerging Markets, Mortgage Scheme Victims Can Apply For Compensation

Good Morning! Today is Tuesday, January 25. President Biden was caught cursing about a Fox News reporter on a hot mic. Stocks continued a selloff at the opening bell this morning as investors worry over Fed policies and global politics. The Supreme Court will hear cases challenging affirmative action, focused on Harvard and the University of North Carolina. In mortgage and housing news… The Mortgage Note Reports Victims of Mortgage Ponzi Scheme Can Seek Compensation: People who were victimized by what investigators have called the biggest Ponzi scheme in New Hampshire history can apply for compensation. Big Cities Making A Comeback: More expensive, populated housing markets appeared on the quarterly Wall Street Journal/Realtor.com® Emerging Housing Markets Index, which could signal…