Navigating success in small commercial lending

National Mortgage Professional

Jul 02, 2007

Oxford Funding to acquire Huntington FinancialMortgagePress.comTexas mortgage brokers Oxford Funding Corporation has entered into a letter of intent to acquire Huntington Financial Corporation. "Huntington brings access to funding and will provide a key element to Oxford's growth strategy, particularly as we see increased volume in underperforming mortgage portfolios," said Oxford CEO Ron Redd. "Our board and management strongly believe that this acquisition is in the best long-term interests of our shareholders, clients and employees." Houston-based Oxford Funding Corporation is a publicly traded asset resolution company specializing in the acquisition, origination and servicing of mortgage loans. For more information, call (713) 975-9602 or visit www.oxfordfunding.com. Huntington Financial Corporation is a commercial and residential mortgage broker based in Houston.

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Jul 02, 2007

Analysis and Data

N.Y. Fed: Short-Term Home Price Expectations Drop Sharply

Average one-year-ahead home-price growth expectations fell to 2.6%, the lowest reading since the survey began in 2014.

U.S. households participating in the Federal Reserve Bank of New York’s annual housing survey said they expect home prices over the next 12 months to increase at the slowest pace since the survey began in 2014. In contrast, the federal bank said, home price expectations ov...

Courts

Brokers Seek To Use UWM, Ishbia Claims Against Them in Ultimatum Suit

Brokers in Florida antitrust lawsuit say UWM's latest market share claims, Ishbia comments prove their case.

United Wholesale Mortgage (UWM)) Chairman & CEO Mat Ishbia was delighted to announce earlier this month that his company had claimed more than half (54%) of the wholesale lending channel during the fourth quarter of last year. That revelation, however, is now the latest...