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First Home Mortgage Corporation Expands to Sevierville, Tenn.

Veteran Mortgage professional Brad Guinn to head inaugural Tennessee office.

People On The Move
Fed Chair Maintains Firm Stance On Knocking Down Inflation

Powell emphasizes cautious approach to inflation management, despite robust economic indicators.

Analysis and Data
Zillow Home Loans Launches 1% Down Mortgages

Program mirrors those launched previously by Rocket, UWM.

Sales and Marketing
AmeriFirst Files Chapter 11 Bankruptcy

CEO continues to actively recruit loan officers, a source confirms.

Courts
Nations Lending Expands In Orlando, Fla. With A New Branch

Jennifer Smith was brought on as the branch manager.

People On The Move
July Sees Slight Uptick In Home Sales, But Market Remains Tentative

Buyers cautious amidst high mortgage rates and limited inventory; Redfin reports year's highest sales yet 15.7% below 2022 numbers.

Analysis and Data
Townstone Financial Responds to CFPB's Redlining Suit Appeal

Industry attorneys forecast uphill battle for bureau which lost at district court level.

Courts
Out With The Old

NextUs Lending is now rebranded as Brokers Advantage Mortgage

Non-QM
Freddie Mac: 30-Year Fixed Mortgage Rates Skyrocket to 7.23%

As the housing market grapples with high rates and scarce supply, Sam Khater, Freddie Mac's chief economist, warns of a potentially prolonged uphill journey.

Analysis and Data
New American Funding Welcomes New Chief Marketing Officer

Addition of Andrew Strickman enhances leadership team to navigate expansion and brand evolution in the mortgage landscape.

People On The Move