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First Community Mortgage Selects Jeff Pancer as EVP, Capital Markets

First Community Mortgage Selects Jeff Pancer as EVP, Capital Markets
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Experienced Capital Markets Expert Joins First Community Mortgage in Newly Created Role

/PRNewswire/ First Community Mortgage (FCM) has named Jeff Pancer to the new position of Executive Vice President, Capital Markets. With a distinguished. ....

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Valley National Bank Launches Community Home Equity Line of Credit Program

Valley’s new reduced variable rate consumer line of credit product will be introduced throughout Valley’s footprint to support LMI communities

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Verification, HELOC, POS, Servicing Transfer Products; Webinars Today and Tomorrow; Fannie's Solid Earnings

“Change is inevitable, except from a vending machine.” Corporate changes are the name of the game. Atlanta’s Crescent Mortgage’s bank owner is aligning all mortgage facets of the enterprise and moving to “retail only” and eliminating third party. Rather than wind down, Colorado’s Universal Lending is inking an agreement with Lower LLC in a partnership setting up Universal Home Loans being in the same markets as a division of Lower LLC and improve its competitive position. Every discussion that I’ve had with real estate agents lately involves a) thousands of agents leaving the business due to the lack of… business, and b) how 8 percent mortgage rates have absolutely ground transactions, and even interest in looking at properties, to a halt. Meanwhile, I’m having similar conversations with loan originators as a) NMLS licenses are declining, and b) 8 percent mortgage rates have ground activity to a halt. From a broker-d ....

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Efficiency, Wire-Fraud, Subservicing, VOE Products; CFPB News for Lenders

Today is 101223. Of course you know, by looking ahead to the last day of 2023, that it will be 123123. By then, how many times do you think you’ll hear, “Due to a strategic decision, we’ve decided to…”? Those lenders looking at volumes for the next several months may be wary or even frightened. As if volumes aren’t scary enough, there are only 19 days until Halloween! Where are you going to be trick-or-treating this year? There are some good candidates out there that my cat Myrtle may fly into on her broomstick: Tombstone (AZ), Slaughter Town (LA), and Seven Devils Town (NC) are at the top of her list. The U.S. Census Bureau reports that there are roughly 128.5 million occupied U.S. housing units that could be potential stops for trick-or-treaters. If you're at one of those and are expecting trick-or-treaters, there are 3,227 U.S. confectionery and nut stores and 726 U.S. formal wear and costume rental establishments. (Today’s po ....

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