Why Freedom’s Stan Middleman Is Betting Big on Third-Party Origination
AUSTIN--Freedom Mortgage is betting on third-party origination despite other independent mortgage banks exiting the business. Freedom CEO Stanley C. Middleman thinks TPO will provide the mortgage industry with growth opportunities and increase profitability.
MBA: Mortgage Application Payments Flat in December
Homebuyer affordability improved slightly in December, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,133 in November, according to MBA’s Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time relative to income using data from MBA’s Weekly Applications Survey.
New-Home Sales Rise in December
Sales of new single-family homes in December hit a seasonally adjusted annual rate of 698,000, the U.S. Census Bureau and Department of Housing and Urban Development reported jointly.
