Keith Griffin

Click n’ Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced Kara Lamphere has joined the organization as chief operating officer.

California Gov. Gavin Newsom has signed into law Assembly Bill 1033. It allows accessory dwelling units (ADUs) to be sold separately from the homes they are associated with, in effect creating two- or three-unit condominiums. The bill’s sponsor, Assembly member Phil Ting (D-San Francisco), says the law opens the door to affordable homeownership by allowing these tiny homes, cottages, or casitas to be sold as condominiums. In a press release, he said this continues the momentum of California’s “…

AG Mortgage Investment Trust Inc. (MITT) and Western Asset Mortgage Capital Corporation (WMC) have decided on a slightly different exchange ratio than first announced in June. The change awaits board approval from both sides.

Rithm Capital Corp., an asset manager focused on the real estate and financial services industries, announced Monday it has entered into a definitive agreement with Computershare Limited to acquire Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC, for a purchase price of approximately $720 million.

Click n’ Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced it has hired Ken Weislak as business development manager for the wholesale division and Travis Sharpe as the operations manager for the company’s correspondent division.

Snapdocs, a digital closing provider, announced the promotion of Michael Sachdev from president to CEO. Sachdev succeeds Snapdocs founder Aaron King, who will take on the role of executive chairman. As CEO, Sachdev will oversee all company operations and business strategy, with input and oversight from the company’s board. As executive chairman, King will continue to play a full-time, critical role at Snapdocs, advising the company’s product strategy and connecting with customers and the market…

The Mortgage Bankers Association (MBA) announced that George Rogers has joined the association as vice president of legislative affairs. In this role, he will be responsible for advocating on behalf of MBA’s legislative and policy priorities on Capitol Hill, primarily focusing on Republican members of the United States Senate. Rogers, an experienced government affairs executive and attorney, arrives at MBA from Republic Consulting LLC, a government relations and lobbying firm he co-founded in 2…

First Home Mortgage Corporation, a mortgage financing company, has announced opening a new office branch in Sevierville, Tenn. – the lender’s first location within the state and the latest installment in a series of expansions.

Zillow Home Loans announced its 1% Down Payment program to allow eligible first-time home buyers to pay as little as 1% down on their next home purchase. This program is initially being offered on properties located in Arizona, with plans to expand to additional markets.

Freddie Mac’s “Economic, Housing, and Mortgage Market Outlook” for August 2023 predicts mortgage originations to remain flat through December 2023 (due in part to a decimated refinance market), muted home sales for the rest of 2023, home prices will grow slightly over the next 12 months, and a softening labor market. Key observations from the report: