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Coming Up:
AmeriFirst Files Chapter 11 Bankruptcy
CEO continues to actively recruit loan officers, a source confirms.
Nations Lending Expands In Orlando, Fla. With A New Branch
Jennifer Smith was brought on as the branch manager.
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.
Townstone Financial Responds to CFPB's Redlining Suit Appeal
Industry attorneys forecast uphill battle for bureau which lost at district court level.
Out With The Old
NextUs Lending is now rebranded as Brokers Advantage Mortgage
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.
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.
Homebuyers Losing Purchasing Power Due To High Rates
Homebuyer on a $3,000 monthly budget lost $71k in purchasing power since August 2022, Redfin reports
Homeownership Affordability Sees Slight Reprieve In July Amid Broader Challenges
While short-term stability persists, Atlanta Fed's index shows a downward trend, raising concerns as housing affordability dips below 2006 levels.