Keith Griffin

The affluent know how to combat high mortgage rates. They simply pay cash. That’s why a new report from Redfin shows luxury home prices rose 9% to the highest third-quarter level on record.

Click n’ Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced Kara Lamphere has joined the organization as chief operating officer.

California-based loanDepot, one of the country’s leading non-bank mortgage lenders and a top provider of VA home loans, has promoted VA lending expert David Smith to the newly-created role of vice president of National VA Lending.

Patricia L. Cook, the former CEO of Finance of America, passed away from pancreatic cancer on Friday, according to her online obituary. She was 70 years old.

Celligence International, a leading AI company, has successfully implemented Non-Fungible Token (NFT) technology, which was designed and engineered in Puerto Rico, for a unique and secure proof of concept by using it in an invitee experience at its inaugural Diwali party. In a trailblazing move, the company leveraged the immutable nature of blockchain to authenticate and verify entry to this prestigious event at the glamorous Agarwal Home in Dorado, Puerto Rico.

Newrez has unveiled a new product called RezSource, a conventional loan product that improves accessibility for low-income borrowers and first-time homebuyers. RezSource enables low-income borrowers and first-time homebuyers to enter the housing market with only a 1% down payment.

CoreLogic, a global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI) and HPI Forecast for October 2023. It shows U.S. single-family home price growth continued to increase modestly in October, posting a 4.7% year-over-year increase.

Cenlar FSB, a national mortgage loan subservicer, announced that Kelly O’Donnell and Karen Sim have joined Cenlar and Darrin Borell has been promoted. The trio will be directors of enterprise portfolio management and will be responsible for driving and implementing strategic programs across the enterprise.

The Federal Reserve Bank of New York’s Center for Microeconomic Data issued its Quarterly Report on Household Debt and Credit today. For the fourth quarter of 2023, mortgage debt increased to $12.25 trillion.

HMA Mortgage, a 100% referral-based mortgage company based in Pennsylvania, has partnered with Calque to launch The Trade-In Mortgage across 20 states. It is a new buy-before-you-sell program that helps homeowners tap their current home equity to purchase a new home.