Naghmi (pictured right) previously served as senior vice president of the Eastern Division of Planet Home Lending. Additionally, Naghmi started his own mortgage company in 2000, Horizon Mortgage Corporation. He grew the company to four locations across the D.C. metro market with an emphasis on assisting first-time homebuyers in emerging markets.
Before joining First Option, Carroll (pictured left) was EVP and owner of The Carroll Mortgage Group. He started at the company as an assistant to his father in 1996, moving up through the ranks to the positions of loan officer, underwriter and operations manager. Carroll managed loan originators, processors and underwriters, as well as operations at the firm, before joining First Option.Lenders report rising second-lien production as homeowners protect low first-mortgage rates
Home equity lending is growing fast, and industry executives expect it to surpass Non-QM in origination volume as soon as 2027."I think equity originations are expected to surpass NonQM originations in 2027," said Tom Davis, chief sales officer at Deephaven Mortgage.The grow...
Realtor.com reports a sharp decline in purchase activity as higher rates erode borrowing power
Home contract signings fell 17% year over year in October, reaching their lowest level for the month on record, as higher mortgage rates continued to squeeze buyers out of the purchase market, according to Realtor.com's latest housing report.The annual decline was the steepe...
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