Half of the 10 fastest-growing cities in the U.S. can be found in Texas, according to a recent report from the U.S. Census Bureau
Half of the 10 fastest-growing cities in the U.S. can be found in Texas, according to a recent report from the U.S. Census Bureau.
In an analysis of the populations of cities with at least 50,000 residents between July 1, 2015, and July 1, 2016, the Houston suburb of Conroe, Texas, was crowned the nation’s fastest-growing city, with a 7.8 percent growth spurt. In comparison, the national average for population growth during that 12-month period was a mere 0.7 percent. Other Texas cities experiencing rapid growth are second-place Frisco (6.2 percent), third-place McKinney (5.9 percent), fifth-place Georgetown (5.5 percent) and ninth-place New Braunfels (4.7 percent).
The remainder of the top 10 list were either in the South or the West: fourth-place Greenville, S.C. (5.5 percent), fifth-place Bend, Ore. (4.9 percent), sixth-place Buckeye, Ariz. (4.8 percent), seventh-place Bonita Springs, Fla. (4.8 percent) and tenth-place Murfreesboro, Tenn. (4.7 percent).

Texas Capital Bank has announced that Gary Ort, president of its Mortgage Finance Division, is retiring at the end of June and will be succeeded by Director of Correspondent Lending Jack Nunnery
Texas Capital Bank has announced that Gary Ort, president of its Mortgage Finance Division, is retiring at the end of June and will be succeeded by Director of Correspondent Lending Jack Nunnery.
“Gary has been a key architect in the growth and success of Texas Capital Bank,” said Texas Capital Bank President and CEO Keith Cargill. “We owe him a tremendous amount of gratitude. Jack Nunnery has been at Gary’s side the whole way and brings to the role not only a deep knowledge of the business and its past but also a clear vision for its future. And both Gary and Jack understand the important role our clients have played in our success, and how Texas Capital Bank wouldn’t be here without them.”
Under Ort, who served Texas Capital for the past decade, the bank built its Mortgage Warehouse unit into one of the largest providers of mortgage warehouse credit facilities in the country. He also presided over the newly launched Correspondent Lending business and expanded Texas Capital Bank’s credit offering to mortgage lenders to include lines of credit secured by mortgage servicing rights, also one of the nation’s largest businesses of its kind.
“I’ve been privileged to be with an organization like Texas Capital Bank, which deeply values entrepreneurial thinking,” said Ort. “We’ve built a robust mortgage finance business, and I can’t think of a better person to grow it than Jack Nunnery.”
Nunnery has broad experience in the mortgage industry in a variety of roles, including counterparty risk management, mortgage technology, underwriting, post production and secondary marketing. At Texas Capital Bank he oversaw the creation of the Correspondent Lending business, which launched in 2016, helping to introduce cutting edge technology and product innovation to the industry. 


The Texas Mortgage Bankers Association (TMBA) has announced the location and dates of its 101st Annual Convention. This year’s conference, “Defining Our Future,” will be held at the Hyatt Regency Hill Country Resort and Spa in San Antonio, Texas, Sunday-Tuesday, May 21-23, 2017. TMBA is expecting record attendance of more than 1,000 registrants.
The three-day agenda was developed to offer attendees new information, guidance, trends, insight, and emerging strategies in in the mortgage industry. Notable topics include: Conversation with the Honorable George W. Bush; How Changes in Washington D.C Will Affect the Mortgage Industry; Changes to HMDA and Fair Lending Implications; How the Best Originators in the Country Build Predictable Cash Flow; Technology and our Next 100 Years; Leadership Lessons From Ritz Carlton and Disney; Best Use of Social Media to Grow Your Business; and more.
“As an industry, we are operating in an ever-changing, compliance intensive business landscape with a significant degree of uncertainty on the horizon,” said TMBA President Mary Pirrello. “This year’s conference will provide mortgage bankers with invaluable information on new tactics and strategies to help navigate through industry changes and achieve ongoing success and sustainability.”  
Keynote speakers include:
►George W. Bush—43rd President of the United States and Founder of the George W. Bush Presidential Center
►Bill Hart—Executive Coach, Building Champions
►David Horne—Lobbyist and Consultant, David L. Horne, LLC
►J. David Motley, CMB—Chairman-Elect, Mortgage Bankers Association
►Mark K. Updegrove—CEO, National Medal of Honor Museum
Click here for more information, call (512) 480-8622 or e-mail info@texasmba.org.

Motto Mortgage, a member of the RE/MAX Holdings Inc. family of brands, has now included mortgage brokerage franchise opportunities in Georgia, Illinois, Louisiana, Nebraska and New Hampshire
Motto Mortgage, a member of the RE/MAX Holdings family of brands, has a new franchisee in the Lone Star State, as Freddy Rodriguez, broker/owner of RE/MAX Inner Loop in Houston, has purchased the first Motto Mortgage franchise in Texas.
“Increasing mortgage rates are getting more buyers off the fence and into the home buying game,” said Rodriguez. “I am a true believer in the American Dream and my hope is that the addition of a Motto Mortgage franchise in the area will help more people become homeowners.”
Rodriguez’s Motto Mortgage location is expected to open this spring.
“The addition of a Motto Mortgage franchise will offer Houston-area homebuyers more lending options,” said Motto Mortgage President Ward Morrison. “Thanks in a large part to Freddy’s leadership, RE/MAX Inner Loop has seen impressive growth in the last three years and we expect the same success with this new endeavor.”
For those who view Texas as a land of plenty, there is one thing that the Lone Star State is lacking: Starter houses
For those who view Texas as a land of plenty, there is one thing that the Lone Star State is lacking: Starter houses.
In a new data report from Trulia, Texas metros made up four of the top 10 “mismatched markets” when it comes to people looking for starter houses and the available inventory of such properties. Dallas was top of the list, with 18.1 percent of all home searches aimed at these introductory properties and 6.2 percent of these homes listed for sale. Houston placed second on the list, with a 17 percent-to-5.7 percent imbalance, while Fort Worth was fifth (19.5 percent-to-9.6 percent) and San Antonio was ninth (12.2 percent-to-5.8 percent).
Other states with multiple metros on the “mismatched markets” list were North Carolina (with third ranking Charlotte and fourth ranking Raleigh) and Florida (with sixth ranking Daytona Beach and tenth ranking Tampa-St. Petersburg).
“Nationally, the average market mismatch score across the starter, trade-up, and premium price tiers rose 1.8 percentage points to 7.4 percentage points during the fourth quarter 2016—with most shoppers searching for starter and trade-up homes but most listings being premium homes,” said Felipe Chacon, housing data analyst for Trulia's Housing Economics Research Team. “The widening gap between listings and searches underscores the difficulty home buyers face in locating an affordable home they like. More than half of Americans who had been in the market to buy a home during the past two years (58.5 percent) said the process was either somewhat or very competitive. This compares with 37.8 percent of those who were exclusively in the market for a rental during the same time period.”
Fannie Mae is being questioned by a prominent U.S. senators regarding the costs of its new regional headquarters in Plano, Texas

Fannie Mae is being questioned by a prominent U.S. senators regarding the costs of its new regional headquarters in Plano, Texas.

According to a Dallas Morning News report, Sen. Chuck Grassley (R-IA) is questioning the expenses related to the 10-story, 330,000-square-foot building leased for 15 years by Fannie Mae last year. In a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt, Grassely charged that the site represents "$24.2 million in excessive costs," and he questioned the judgment in locating the offices in that particular area.

"Choosing an area of Dallas known as the 'platinum corridor' makes me wonder who's minding the store," Grassley said. "It is inexcusable that neither Fannie Mae nor FHFA have conducted an appropriate review to determine the reasonableness of the lease or the budgeted build-out costs for this project. As an agency charged with oversight of the mortgage market, Fannie Mae has an even greater responsibility to effectively manage its own real estate project(s) and to do so in a manner that is not wasteful of taxpayer dollars."

Grassley further demanded that the FHFA produce a detailed accounting of its decision to choose the Plano location and an analysis of the costs related to this decision.

FHFA Deputy Director Bob Ryan responded on behalf of Watt, stating in a letter that "Fannie Mae's new Dallas office space, which is expected to provide a significant reduction in square footage from the current leased space, have fewer offices, add resiliency operations and have a much higher density design than the space Fannie Mae currently occupies."

Connecticut-based VA mortgage lender Military Direct Mortgage has announced its expansion into Texas and has appointed Alex Halisky as branch manager of the new Dallas office

Connecticut-based VA mortgage lender Military Direct Mortgage has announced its expansion into Texas and has appointed Alex Halisky as branch manager of the new Dallas office. Halisky is a seasoned direct-to-consumer mortgage professional with more than 18 years of experience in the mortgage banking industry. He will lead a team of licensed VA loan specialists to provide veterans and active duty military with home purchase and refinance options.

“After the start of our Avon, Conn. location, we quickly saw the need for a presence in other regions of the country. We are very happy and fortunate to have Alex run our Dallas branch” said Patti White, president of Military Direct Mortgage. “Alex has the knowledge and experience in the industry to guide a team of dedicated professionals to carry out our mission of ensuring that as many veterans as possible are aware of and can implement the benefits they so rightfully deserve.”

The NAMB on the Road Series comes to Houston, Texas on Thursday, April 6, 2017 for a day of education and networking at the Houston Marriott Westchase, 2900 Briarpark Drive in Houston, Texas.

This day-long session features a series of workshops geared towards helping you be more productive in 2017!

Click here for more information.

Michelle Goldberg is a wholesale and correspondent account executive for Stonegate Mortgage and is the past president of the Central Texas Association of Mortgage Professionals (CTAMP). National Mortgage Professional Magazine recently spoke with her regarding her work with this association.

How and why did you get involved with the Central Texas Association of Mortgage Professionals (CTAMP)? Can you share the track within the association that led to your leadership role?
I have been involved with the association for approximately 18 years. I have been on the board of directors for about seven or eight years, and fulfilled a number of different roles, including director of membership, director of education, secretary, vice president and president. My term as president ended Sept. 30, 2016.

Why do you feel members of the mortgage profession in your state join CTAMP?
There is strength in numbers. We see that in other industry associations, including the National Association of Realtors (NAR). Being directly under NAMB, which does lobbying for mortgage professionals nationwide, we are connected and have a voice on Capitol Hill.

What role does CTAMP play in the federal and state legislative and regulatory environment, and are there any items on the current agenda you would like to highlight?
We have been fortunate enough to send members to lobby in Washington each year. This past spring, we sent three members to attend the NAMB Legislative & Regulatory Conference and lobby on Capitol Hill. For me, it was very important to have that experience, both on a personal and a professional level.

In Austin, we have not done much locally for a few years. There hasn’t been a state mortgage professionals association for several years. There is a new state association in the process of being formed that will enable us to do more in Texas.

What do you see as your most significant accomplishments with the association?
My most significant accomplishment has been in connection with our Partner Program, which brings together more of our affiliates—including title companies, lenders, appraisers—which broadens our audience for loan originators. This has cast a wider net across the industry, and the program has taken off.

As the state affiliate for NAMB what do you feel that adds to your association and towards the overall agenda of the mortgage profession nationwide?
When major issues come into play, NAMB is at the forefront … they are the voice for loan originators, small business owners and brokers. Being an NAMB member gives you a direct link to communications and education that impacts our industry.

In your opinion, what can be done to bring more young people into mortgage careers?
For our part, we have brought in some younger board members who are actively involved in other associations to cross-pollinate and help us get the word out. These associations include the National Association of Professional Mortgage Women (NAPMW), the Austin Mortgage Bankers Association (AMBA), the Women’s Council of Realtors and the Austin Young Real Estate Professionals (AYREP).

How would you define your state's housing market?
We have not experienced many of the challenges that other states have faced, so our market remains strong and vibrant. The big challenge is inventory—houses sell very quickly, and a lot of people are moving to Austin. I wouldn’t want to be in any other place.

Phil Hall is managing editor of National Mortgage Professional Magazine. He may be reached by e-mail at PhilH@NMPMediaCorp.com.

Texas Mortgage Roundup 2017 is set for Wednesday, Sept. 6, 2017 at the DoubleTree by Hilton Dallas Near the Galleria, 4099 Valley View Lane in Dallas, Texas.

Don't miss the exciting, educational, and fun Texas Mortgage Roundup: The only event specifically designed for all mortgage professionals throughout the region. Now in two great locations!

Click here for more information, call (860) 922-3441 or e-mail info@agilityresourcesgroup.com.