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AIME names Jonathon Haddad as new CEO and chairman

Housing Wire

Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Before that, Haddad spent about six years at Quicken Loans , starting as a senior mortgage banker in 2013 and ascending to regional vice president.

Lending 396
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A repositioning of players in the MSR market is underway

Housing Wire

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 363
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Justin Messer promoted to CEO of Prosperity Home Mortgage

Housing Wire

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. billion in the past 12 months from a production of $15.4 in the mortgage lending space. . Prosperity’s sales volume dropped to $10.2

Mortgages 379
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Making sense of ultra-low mortgage rates

Housing Wire

Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. For example, about two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages. Others just wanted more details.

Mortgages 525
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UWM 1.99% 30-year mortgage rate comes with a catch

Housing Wire

United Wholesale Mortgage announced Tuesday it is offering conventional mortgage rates as low as 1.99%, but brokers warn this rate isn’t for every borrower, or even the majority. You won’t find a no-cost loan in the low 2s or high 1s,” Mortgage Broker Jason Barlow explained in an interview with HousingWire.

Mortgages 522
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QC Ally hires Kristin Broadley as its chief innovation officer 

Housing Wire

Loan quality and audit services company QC Ally announced on Tuesday that Kristin Broadley has joined the company as its new chief innovation officer. In this role, Broadley will help expand QC Ally’s tech-enabled loan quality initiatives and audit services. Broadley’s professional career spans more than two decades.

Loans 351
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Rocket Mortgage: UWM is trying to “manipulate” market

Housing Wire

Tension between long-time rivals United Wholesale Mortgage and Rocket Pro TPO , formerly Quicken Loans Mortgage Services , reached a new boiling point after the top wholesale lender in the nation announced it will no longer work with brokers who also work with Rocket Mortgage.

Mortgages 504