Incenter Lender Services, a Philadelphia-based family of companies that works with nonbank and depository lenders across the country, announced this week that it has promoted Shelley Duffy to the role of executive vice president of national sales.Duffy first joined Incenter in February 2022 as its s

The White House on Thursday nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corp. (FDIC), putting her on track to head the U.S. bank regulator following the scandal-induced resignation of Martin Gruenberg. Goldsmith Romero, who must still be confirmed by members of the U

Elevated mortgage rates, high home prices and a lack of for-sale listings continue to hamper U.S. home sales, with Redfin reporting Friday that sales in May 2024 dropped to one one of the lowest levels of the past decade.The annualized rate of home sales, adjusted for seasonality, fell below 408,000

Record-high home prices and elevated interest rates have weighed down mortgage markets. The Federal Reserve signaled its intention to maintain higher-for-longer rates, confirming that a reprieve is not on the horizon for borrowers and originators alike. Recent stagnation in refinancing loans, couple