Valverde appointed acting president of Ginnie Mae

Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae, was named as its acting president as of May 6, according to an announcement issued by the organization this week.Sam ValverdeValverde succeeds Alanna McCargo, who began serving as Ginnie Mae pre
Read MoreTexas-based independent firm joins The Real Brokerage

The Real Brokerage welcomes Texas-based independent brokerage The Property Shop, led by Season Ware, the company announced on Friday. The Property Shop joined Real under its Private Label program, which allows independent brokerages to maintain their own brand while reaping the benefits associated w
Read MoreGuild posts origination gains in Q1, declares a dividend

Guild Holdings Company, parent company of Guild Mortgage, recorded a 6% increase in mortgage originations and much higher revenue levels in the first quarter of 2024 than in 2023. Net income saw substantial improvements as the company continues to pursue an active acquisition strategy, according to
Read MoreReverse mortgage volume and HMBS issuance improve in April

Despite a challenging operating environment and broader concerns among industry professionals about connecting with new borrowers, the reverse mortgage industry’s key performance indicators showed improvements last month.Home Equity Conversion Mortgage (HECM) endorsements increased by 2.3% to 2,105,
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