National industry appointments update - 5/10/2006

May 09, 2006

Secured Funding sees record growth in first quarterMortgagePress.comSecured Funding Corporation, lenders Secured Funding Corporation (SFC) has reported record loan volume and closings for first quarter 2006. The lender originated more than 5,600 loans, totaling more than $450 million dollars, which reflected a double-digit percentage increase from the previous record quarter, fourth quarter 2005. The total number of loans originated in first quarter 2006 increased nearly 90 percent over fourth quarter 2005. SFC is a mortgage banking firm based in Costa Mesa, Calif. For more information, call (800) 891-2105 or visit www.securedfunding.com.

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May 09, 2006

Analysis and Data

High Home Prices Not Translating To Higher Seller Profits

Average profit margins decline for second year in a row, with Florida sellers hit hardest

According to ATTOM’s Year-End Home Sales report, 2024 marked the second consecutive year of declining home sale profits, falling to 53.8% in 2024 from 56.9% in 2023. Median seller profit for 2024 was $122,500 per home sale. Although an average of $122,500 is nothing to s...

People On The Move

Andy Ward Joins Guaranteed Rate Affinity As Originating Manager

Ward touts the company's access to more than 2,000 mortgage programs

Guaranteed Rate Affinity, exclusive partner to Coldwell Banker, today announced that Andy Ward has joined the company as an Originating Manager in Cottleville, Missouri. Ward brings 25 years of experience in the mortgage business to the role. "Andy is a great addition to ...