News & Articles
AAG loses reverse mortgage leader to Smartfi Home Loans
Smith started her career in 2004 as regional manager of wholesale sales at Financial Freedom. After that, she helped One Reverse Mortgage develop a successful sales team as senior vice president of wholesale lending. “I am so excited to announce I have joined the...
Movement Mortgage duo take on expanded roles
Before joining Movement, Koss served as executive vice president at Mortgage Network, while Hayes was senior vice president of residential lending. “I am grateful for the opportunity to continue to work with Ryan, a rising star in the industry, and to be part of the...
Revealed: Where Sydney house prices are set to grow
Revealed: Where Sydney house prices are set to grow | Mortgage Professional News Report reveals the top areas across more than 600 suburbs By Mina Martin 29 May 2023 A select number of suburbs in Sydney are tipped to record price growth in the next six months to...
Value Australia's new AI tool to revolutionise property valuations
“Accurate land and property valuations are the bedrock of the Australian property industry and are critical to state governments and councils in terms of calculating rates and land taxes,” said Value Australia CEO Mark Nassif (pictured above). “Our tool calculates...
Teachers Mutual Bank awards 10th scholarship for school principals
“We’re extremely proud to partner with the Public Education Foundation to support this scholarship,” said Nichole Banks (pictured above right), Teachers Mutual Bank’s chief marketing officer. “We have a long tradition of providing meaningful professional development...
Brokerage co-founder triumphs after leaving “militant environment” at lender
From there he would go to Lending Tree, where he worked from 2004-09. By then married – to a physician no less – his wife accepted a medical residency in Ann Arbor, Mich. “And I’m here dealing with a financial crisis,” he said, referring to the Great Recession then...
US mortgage rates rise amid debt ceiling concerns
“The US economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week,” Freddie Mac chief economist Sam Khater said. “Dampened affordability remains an issue for interested homebuyers, and homeowners seem...
Colonial Savings bank closes mortgage origination unit
Colonial Savings, F.A., a thrift bank based in Forth Worth, Texas, has confirmed its plans to exit the mortgage origination business to streamline its services. Effective July 31, Colonial Savings will no longer originate home loans, which the bank has been doing...
Ross Mortgage expands into North Carolina market
Read next: Lender aims to help originators develop social media presence “Whether you’re a veteran wanting assistance with a VA home loan, a new member of the community searching for a wonderful house or an executive establishing yourself in a financial hub, we’re...
Pending home sales stagnant in latest report
“The housing market has struggled to gain momentum during the industry’s crucial spring homebuying season,” said First American deputy chief economist Odeta Kushi. “According to data from First America Data & Analytics, historically approximately 36% of...
US housing market sees another decline in affordability
“Elevated interest rates and low housing supply have kept many prospective borrowers on the sidelines,” said Edward Seiler, associate vice president of housing economics at MBA and executive director of Research Institute for Housing America. “However, MBA expects...
Commercial real estate, a red flag for banking sector recovery – JPMorgan CEO
Weakness in the commercial real estate industry poses risks to the recovery of the US banking sector, JPMorgan & Chase CEO Jamie Dimon warned during the bank’s investor conference Monday. Impacted by the slew of bank failures, the commercial real estate industry...