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Planet Home Lending hires Doug Long to expand its retail branch network 

Housing Wire

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. Its strategy has focused on acquisitions in both correspondent and retail channels.

Retail 386
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Top LO Tim Potempa joins E Mortgage Capital

Housing Wire

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. OneTrust has had some recent leadership changes.

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Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

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Planet Home Lending adds new regional sales manager

Housing Wire

Adding his leadership skills will be beneficial at a time when Planet is looking to differentiate itself with various purchase loan products, one-time-close construction loans and other niche programs, the company stated. He will focus on product development and building the company’s retail lending network.

Lending 356
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Reverse mortgage professionals react to H4P rule changes

Housing Wire

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced their decision late last week to walk back some of these plans. Broker perceptions Scott Harmes, the national manager of the reverse division at brokerage C2 Financial , believes that HUD’s changes are constructive.

Mortgage 347
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Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Housing Wire

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year.

Mortgage 530
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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

.” A spokesperson for loanDepot wrote to HousingWire that the company has a tradition of attracting and developing ‘top-notch talent.’ In terms of products, Gade said he will have the opportunity to access VA construction loans at UMortgage. Gade originated $165.4 million in mortgages in 2022, with a total of $135.7