Guaranteed Rate has bolstered its local and national leadership with two big changes. The company promoted CJ Rose to EVP of Growth and Acquisitions. His new position involves recruiting talent for Guaranteed Rate around the country and managing acquisitions. Rose has been with G-Rate since 2005, when he joined as a Senior Director of Strategic Growth…
By KIMBERLEY HAAS The second largest bank in the country will pay a $12 million penalty after it was found that hundreds of loan officers falsified forms about mortgage applicants in violation of federal law. Officials at the Consumer Financial Protection Bureau say that for at least four years, loan officers at Bank of America…
Wilmington, NC-based MC Mortgage Group is joining mortgage platform UMortgage, the company announced. MC Mortgage serves homebuyers in North and South Carolina. The company was named MPA Top Employer and Lender and Wilmington Cape Fear Home Builder’s Association’s Lender of the Year in 2021. The company was founded in 2005 by President Patrick Stoy, a…
The Mortgage Note’s team has been tracking national trends and the ways companies are working to attract buyers and sellers to the market this spring. Editor Kimberley Haas interviewed industry leaders to learn more about what they are seeing and what products are being offered for this podcast. If you would like to participate in…
By CHUCK GREEN As the traditional spring homebuying season begins, a lack of inventory, high interest rates, and economic uncertainty due to banking troubles have dominated the news. So what can people expect? Rick Sharga, president and CEO of CJ Patrick Company in California, told The Mortgage Note that it’s “unlikely to be a banner…
By PATRICK LAVERY Interest rates are rising as the spring homebuying season starts in many parts of the country. Federal Reserve Chair Jerome Powell indicated in his testimony before U.S. lawmakers this week that although the central bank’s policymakers have yet to decide how large their next rate hike will be, “the ultimate level of…
By KIMBERLEY HAAS Craving some sunshine? You are not alone as the migration to the Sun Belt continues past the pandemic. Data from U-Haul and North American Van Lines shows that the Carolinas, Florida, and Texas were among the top inbound states for migration last year. That trend is expected to continue. And as the…
By CHUCK GREEN According to experts, not only is the housing market expected to continue cooling this year, the forecast remains chilly entering 2023. Real house prices jumped 10.5% in September and logged a 60.6% YOY increase, according to First American’s Real House Price Index. But prices fell in 15 out of the top 50 markets…
By KIMBERLEY HAAS Analysts say that being located near certain grocery stores can have an impact on a home’s value. Average houses near Trader Joe’s are $987,923, compared to $891,416 near Whole Foods and $321,116 near ALDI, according to an analysis released last week by ATTOM, a curator of real estate data. Rick Sharga, Executive…
Americans agree that military families deal with more financial stress than the average family. Ahead of Veterans Day, WalletHub looked at the best places veterans can live to reduce that burden. The Midwest and South offer the best places for veterans to live well, according to WalletHub’s 2022 Best & Worst Places for Veterans to…
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