Mississippi industry appointments update - 07/06/2006

National Mortgage Professional

Jul 09, 2006

Secured Funding relocates wholesale divisionMortgagePress.comWholesale mortgage lenders, Secured Funding Secured Funding has relocated its wholesale division in response to the record growth the company has realized over the past year. Secured Funding more than doubled its wholesale production and added 861 brokers to its network in the first quarter of 2006, during which it originated approximately $450 million in loans - a 90 percent increase from the first quarter of 2005. Secured Funding's new wholesale office is located at 1901 Alton Parkway in Santa Ana, Calif. and occupies 35,000 square feet. Costa Mesa, Calif.-based Secured Funding is a full-service retail and wholesale lender specializing in second mortgages. For more information, call (800) 564-5519 or visit www.securedfunding.com.

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Jul 09, 2006

Reverse

Bankruptcy Court Judge OKs Up To $124.5M In Financing For RMIT

Reverse mortgage lender & servicer also faces lawsuit over November layoffs.

A federal bankruptcy court judge in Delaware has agreed to allow Reverse Mortgage Investment Trust Inc. (RMIT) to obtain additional financing that could total as much as $124.5 million. Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware signed a...

Analysis and Data

Buyer-Seller Stalemate Increases Housing Market Supply

The market may not stay calm for very long, though.

Housing supply is finally starting to tick up as homes linger on the market. The total number of homes for sale increased 15% year-over-year during the four weeks ended Dec, 4, the biggest uptick since at least 2015, according to a new report from Redfin. Buyers and sellers...