Movement Mortgage Acquires Retail Assets of Platinum Mortgage

NationalMortgageProfessional.com

May 03, 2019

Movement Mortgage has announced the acquisition of the retail lending assets of Platinum Mortgage.

The purchase marks Movement’s second acquisition of 2019, following the successful purchase of the retail mortgage assets of Eagle Home Mortgage earlier this year. The latest transaction gives Movement additional market share in Alabama, where Platinum’s retail footprint is concentrated. Altogether, Movement has more than 3,500 teammates, 650 branch offices and three National Sales Support Centers across its national footprint.

Platinum Mortgage was founded in 1996 and produced more than $300 million in mortgage volume in the state of Alabama in the past year.

“We’re honored to welcome the Platinum Mortgage team to the Movement family. We know they’ve built a reputation of excellent service and community involvement, and we’re excited to amplify and extend that legacy as part of the Movement team,” said Movement Mortgage Chief Executive Casey Crawford.

Link copied

Published

May 03, 2019

Analysis and Data

Over One-Third Of Americans Wants A Housing Crash

LendingTree study finds 44% of consumers believe a housing crash is coming in 2024

According to the latest LendingTree survey of over 2,000 U.S. consumers, 44% of Americans think the market is at risk of a housing crash in the next year. And with some non-homeowners believing a crash is the only way they could afford a home, it may not seem surprising that...

Analysis and Data

Housing Payments On A 5-Week Decline

Redfin's study shows monthly mortgage payments dropping $164 from peak.

A five-week decline in mortgage rates has led to a corresponding decline in housing payments, according to a new report from Redfin, the technology-powered real estate brokerage. The typical U.S. homebuyer’s monthly mortgage payment was $2,575 during the four weeks ending No...