Independent mortgage banks (IMBs) as a group expanded their profitability in the third quarter of 2024. But fewer companies recorded profits compared to the previous quarter, despite a brief dip in mortgage rates. According to the Mortgage Bankers Association (MBA), IMBs and mortgage subsidiaries of chartered banks reported an average pretax net profit of $701 per…
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In the newest episode of the RealTrending podcast, host Tracey Velt chats with Stephanie Anton, president of Corcoran Affiliates, the worldwide affiliate network for The Corcoran Group. In this conversation, Anton teaches listeners how to find their value proposition and leverage these skills into servant leadership. This interview has been edited for length and clarity….
CrossCountry Mortgage, a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer. The team will develop…
After two years of growth and expansion, real estate technology provider and software company Inside Real Estate is beefing up its executive team. On Tuesday, the firm announced the creation of two new leadership roles, which the company said will help to further enhance its tech offerings. The two new roles are chief product officer…