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Ross Mortgage Corp., a Troy, Mich.-based residential mortgage lender headquartered, is expanding into the Northern Florida with a new branch in Jacksonville
Ross Mortgage Corp., a Troy, Mich.-based residential mortgage lender headquartered, is expanding into the Northern Florida with a new branch in Jacksonville. Local mortgage lending professionals William and Angela Green will manage the new branch.
 
The Jacksonville branch is Ross Mortgage’s second location in Florida, alongside its Fort Myers branch. The branch will offer a suite of mortgage products, including conventional fixed-rate and adjustable-rate mortgages, FHA and VA mortgages, 203(k) and USDA Rural Development loans. Ross Mortgage operates a 15-branch network that also includes locations in Michigan, Pennsylvania and Maryland.
 
“As Ross Mortgage continues to expand into new markets, we look for mortgage professionals at the top of their game who have a deep knowledge of their respective market, strong relationships with local realtors and clients, and simply have a passion for helping homeowners,” said Tim Ross, Chief Executive Officer of Ross Mortgage.

 
Element Funding has named AJ Pasquale as its newest Loan Originator on its expanding team in West Palm Beach, Fla.
Element Funding has named AJ Pasquale as its newest Loan Originator on its expanding team in West Palm Beach, Fla. Pasquale recently completed and excelled in Element Funding University’s internal training program, which provides an Element Funding has named AJ Pasquale as its newest Loan Originator on its expanding team in West Palm Beach, Fla.extensive education in all facets of mortgage origination. He is also a graduate of a premier mortgage sales and leadership program through XINNIX Inc.
 
AJ is a Palm Beach County resident who played quarterback in high school at The Kings Academy and college at Guilford College (NC).
 
“I’m thrilled to add a hometown talent like AJ to our incredible roster of loan originators,” said Element Funding Sales Manager Gary Tuorto. “His understanding of the local market paired with his exceptional competitive drive will serve him well as he seeks out the best home financing options available for his clients.”

 
The FAMP Gold Coast Chapter 2019 Annual Trade Show will be held Thursday, March 7 at the Bonaventure Hotel & Conference Center, located at 250 Racquet Club Road in Weston, Fla.
The FAMP Gold Coast Chapter 2019 Annual Trade Show will be held Thursday, March 7 at the Bonaventure Hotel & Conference Center, located at 250 Racquet Club Road in Weston, Fla.
 
Diamonds Are Forever and so is FAMP!
 
For more information, call (954) 986-0808 or fampgoldcoast.org.

 
The FAMP Central Florida December Luncheon will be held Wednesday, Dec. 5 at the Altamonte Springs Hilton, located at 350 South Northlake Boulevard in Altamonte Springs, Fla. from 11:30 a.m.-1:30 p.m.
 
Prepare for 2019 by learning about some Great Programs that can increase your business.
11:30 a.m. Registration
Noon Luncheon and Lender Panel (Bring a new unwrapped toy for Toys for Tots)

The Lender Panel will feature 203K loans, Construction/Perm loans, HomeStyle Investor Fix & Flip/Hold. Bring a new unwrapped toy for donation and receive a ticket for the Spirits Raffle, all proceeds from the Spirits Raffle will go to Toys for Tots.

 
Click here for more information or to register, or e-mail centralfloridafamp@gmail.com with any questions.

 
 
 
FAMP Gold Coast Chapter's Annual Holiday Party will be held Thursday, Dec. 6 at Galuppi's Patio Bar 1103 N Federal Highway in Pompano Beach, Fla. from 6:30 p.m.-9:30 p.m.
FAMP Gold Coast Chapter's Annual Holiday Party will be held Thursday, Dec. 6 at Galuppi's Patio Bar 1103 N Federal Highway in Pompano Beach, Fla. from 6:30 p.m.-9:30 p.m.
 
Featuring appetizers, refreshments and live music! 
 
We are collecting for our Annual Toy Drive. Please bring a new unwrapped toy and get a drink ticket!
 
For more information, click here or call the FAMP Gold Coast Chapter at (954) 986-0808.

 
In the year since Hurricane Irma struck Florida, the Sunshine State’s housing market has bounced back with gusto, according to data from Florida Realtors
In the year since Hurricane Irma struck Florida, the Sunshine State’s housing market has bounced back with gusto, according to data from Florida Realtors.
 
Sales of single-family homes statewide totaled 21,087 last month, up 17 percent compared to September 2017, while the statewide median sales price for single-family existing homes was $251,610, up 4.9 percent from the previous year. condo-townhouse market, statewide closed sales totaled 8,492 last month, up 14.6 percent compared to a year ago. In the condo-townhouse market, closed sales totaled 8,492 last month, up 14.6 percent compared to a year ago, while the median price was $182,500, up 5.5 percent over the year-ago figure. September was the 81st consecutive month that statewide median sales prices for both single-family homes and condo-townhouse properties increased on a year-over-year basis.
 
Nonetheless, the trade group acknowledged that the September data should be viewed with an asterisk.
 
"This September marked the one-year anniversary of Hurricane Irma carving a path of destruction across the entirety of the Florida peninsula," said Florida Realtors Chief Economist Brad O'Connor. "With most areas of the state out of commission for a week or more, we saw severely depressed levels of closed sales, new pending sales and new listings last September.  For this reason, the year-over-year changes in these three metrics are inflated in this September's data and aren't reflective of current trends."

 
FAMP's Suncoast Region Presents "Ask an Underwriter!" Networking Event, set for Wednesday, Oct. 24, 2018 from 5:30 pm-7:30 pm at Beef O'Brady's, located at 1037 Sumter Boulevard in North Port, Fla., sponsored by Royal Pacific Funding
FAMP's Suncoast Region Presents "Ask an Underwriter!" Networking Event, set for Wednesday, Oct. 24, 2018 from 5:30 pm-7:30 pm at Beef O'Brady's, located at 1037 Sumter Boulevard in North Port, Fla., sponsored by Royal Pacific Funding.

Come out to an after business hours networking event for your local Florida Association of Mortgage Professionals.

We will have a Senior Underwriter as a guest that will be answering any of your questions giving you an insight into what they do on a day to day basis.

The evening will be sponsored by Royal Pacific Funding, who will be providing finger food.

 
For more information, contact Darlene Kowalczyk at (941) 496-9800 or click here to view the event flyer.

 
 
 
Element Funding has named AJ Pasquale as its newest Loan Originator on its expanding team in West Palm Beach, Fla.
Element Funding has added South Florida local and industry veteran Greg Downs as the newest Loan Officer in its West Palm Beach, Fla. location.
Element Funding has added South Florida local and industry veteran Greg Downs as the newest Loan Officer in its West Palm Beach, Fla. location
 
Downs brings 25 years of mortgage lending experience to his new position, and has been working with customers in the Palm Beach and Treasure Coast Communities since 1996.
 
“Greg is recognized as one of the top Senior Loan Officers in South Florida,” said Element Funding Sales Manager Gary Tuorto. “He is known for providing the best mortgage experience for his customers and business partners, and we are honored to welcome and serve alongside him.”

 
 
For the second consecutive month, the Florida housing market has seen an increase in new listings, according to data from Florida Realtors
For the second consecutive month, the Florida housing market has seen an increase in new listings, according to data from Florida Realtors.
 
“New listings for existing single-family homes rose 6.6 percent compared to a year ago and new listings for condo-townhouse properties increased 4.1 percent from last August,” said 2018 Florida Realtors President Christine Hansen, Broker-Owner with Century 21 Hansen Realty in Fort Lauderdale. “At the same time, the median time for a sale to go to contract is getting shorter: For single-family homes, it was 36 days, down 2.7 percent; for condo-townhouse properties, it was 46 days, down 6.1 percent.”
 
Also increasing were property prices. The statewide median sales price for single-family existing homes was $254,290, up 6 percent from last year, while the median price for condo-townhouse units was $185,000, up 8.8 percent over the year-ago figure. August marked the 80th consecutive month of annualized increases in the statewide median sales prices for both single-family homes and condo-townhouse properties.
 
Sales of single-family homes statewide totaled 26,273 last month, up 4.2 percent compared to August 2017, while statewide closed sales of condo-townhouse unites totaled 10,365, up 6.6 percent compared to a year ago.

 
When it comes to global interest in Miami’s residential property market, the greatest number of potential buyers are based out of Colombia
When it comes to global interest in Miami’s residential property market, the greatest number of potential buyers are based out of Colombia.
 
According to a new report from the Miami Association of Realtors, Colombia registered 12 percent of all international searches on the trade group’s MiamiRealtors.com portal during June. This marked the seventh consecutive month that Colombian interest outpaced the rest of the world via the trade group’s portal. In comparison, potential buyers from India made up 6.2 percent of global interest, followed by Venezuela (six percent), Spain (5.9 percent) and Canada (5.2 percent).
 
Colombian homebuyers tied with Canada in making the third-most international purchases in South Florida, according to the 2017 Profile of International Home Buyers published by the Realtors’s group. Colombia had a nine percent share of all international purchases in South Florida, while Argentina (15 percent) and Venezuela (11 percent) had the most and second-most purchases, respectively. Miami-Fort Lauderdale-West Palm Beach ranked as the most searched U.S. market by international consumers, according to Realtor.com data from June.
 
Among searches involving American buyers, most interest in the Miami housing market came from New York, followed by California, Texas, North Carolina and Virginia.