Puckett will assume the role of division manager following the retirement of his predecessor, Rick Buchanan. Puckett will continue to grow the real estate lending division of First Bank & Trust Company, while managing a staff of 43 loan originators and support personnel who service the bank's geographic footprint along the I-81 corridor from Johnson City, Tenn. to Winchester, Va.The institutional-investor cap may grab headlines, but permitting, construction costs, and local building activity will have a much bigger say in how much inventory originators have to finance
I grew up around home building. My sister and her husband, with a little help from the rest of the family, spent years putting new homes on the market around Sacramento. So when I read a housing bill, I ask one question first: will it get anyone to break ground?The 21st Cent...
How lenders and brokers can test the default, challenge the findings, and preserve a workable resolution in DPA, P&L, and DSCR disputes
A repurchase demand can create an immediate liability before the lender has enough information to know whether the claim is valid. The demand may identify the loan, repurchase price, and response deadline without providing the payment history or calculations necessary to eva...
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