Federal Reserve Chair Jerome Powell reiterated Wednesday that the central bank won’t be applying any cuts to benchmark interest rates until it’s sure that inflation is under control. In his prepared testimony to the House Financial Services Committee, Powell hinted at rate cuts “at some point this y

California-based mortgage lender CMG Financial will partner with fintech Sagent for seven years as it brings its servicing business in-house. CMG Financial is “doubling down on controlling lifetime customer experience,” and the seven-year deal with Sagent is in line with the lender’s effort to prior

Fannie Mae announced on Wednesday an enhancement to its desktop underwriting system, which will facilitate the asset, income, and employment verification process through a single data source. Lenders can use a single 12-month asset verification report to identify recurring deposits in the applicant’

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans/NewRez, has joined The Money Store. His team will be making the move with him. Abraham was named vice president and producing branch manager in Illinois, where he will serve as sales leader and mortgage originator.“The Mo