McCargo - Real Estate Investor Pulse

McCargo appointed as CEO of FHLBank of San Francisco

May 9, 2024 Mariel Alumit Comments Off

The Federal Home Loan Bank (FHLBank) of San Francisco, one of the 11 regionally based, wholesale suppliers of lendable funds to financial institutions, announced on Wednesday that it has appointed former Ginnie Mae President […]

Alanna McCargo: Nonbank liquidity issues must be addressed

August 9, 2023 Mark Paul Cervantes Comments Off

Ginnie Mae president Alanna McCargo said on Tuesday that the liquidity challenges faced by nonbanks are a critical issue facing the U.S. government’s mortgage system considering their increasingly important role in the space, and that […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]