Ohio-based mortgage lender CrossCountry Mortgage has acquired New Jersey-based residential mortgage lender First Choice Loan Services, which among other services runs a mortgage program for Costco members.
"It enhances both our strategic growth in several regions, as well as our consumer-direct component. Our team committed to, and achieved, a smooth transition for the loan originators and we are seeing immediate success with this transaction," said Ron Leonhardt, CrossCountry Mortgage's CEO.
First Choice EVP Norman Koenigsberg said, "We explored our options with several other companies, but Cross Country stood out. We laid out a roadmap for success in our first meeting, and Cross Country never deviated from it. To my knowledge this is one of the first successful bank-to-non-bank integrations following the passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The transition has been seamless."
Redfin says sellers are cutting their asking prices in the two southern states.
Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers.
A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...
National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest
Homes under contract are rising at a cautiously hopeful pace this spring.
The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%.
“March's Pending Home Sales Index – at...