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Veteran sales executives part ways with Movement

Housing Wire

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July.

Retail 367
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Interfirst Mortgage raises $175 million

Housing Wire

billion in 2012 to $2 billion in 2016. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021.

Mortgage 282
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Blend reaches unicorn status with $75 million Series F raise

Housing Wire

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception.

Investing 485
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Housing Market Tracker: Spring inventory falls

Housing Wire

Tracking the 10-year yield and mortgage rates are essential for housing inventory because when rates fall, buyer demand gets better, allowing more homes to be bought and getting a lid on inventory growth, which we have seen since 2012. While the labor market is getting less tight, it’s not broken yet.

Inventory 482
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Your Guide To The Federal Reserve & Mortgages

PennyMac

In response to timely economic conditions, the Fed decreases the benchmark interest rate (the base rate financial institutions use when lending) to encourage borrowing and lending among banks, businesses and consumers. 15 or 30 years) or fluctuations in the federal lending rate. In contrast, in 2012 when the U.S.