Home Point Financial Corporation has announced that its Dallas office has moved to Farmers Branch, Texas. As part of this effort, Home Point will be hiring to expand its operations in the Dallas-Fort Worth area.
“The move places us in the heart of the Dallas-Fort Worth mortgage ecosystem,” said Chad Patton, Home Point Financial Chief Strategy Officer. “Our new site gives us the space we need to grow our servicing operations by tapping into the robust and experienced mortgage labor pool in the area.”
The one-time Central Texas ranch that served as the vacation home of President Lyndon B. Johnson is listed for sale at $2.8 million.
According to Realtor.com, the 140-acre property includes a 3,980-square-foot main house, an 1,100-square-foot guesthouse, and a 12,000-square-foot hangar. Italian artist purchased the property in 1999 and has used the hangar as an art gallery.
Johnson bought the property one week after he took the oath of office on Nov. 22, 1963, and used the ranch as a retreat from his White House duties. He sold the property in 1971. The property for sale is separate from the LBJ Ranch that is now part of the Lyndon B. Johnson National Historical Park in Stonewall, Texas.
Ocwen Financial Corporation will join the NAACP to host a borrower outreach event in Houston for homeowners who are having difficulty making their mortgage payments or experiencing a hardship due to Hurricane Harvey. The event, which is part of Ocwen’s “Help & Hope for Homeowners” initiative with the NAACP, is designed exclusively for Ocwen customers and will be held from 9:00 a.m.–3:00 p.m. Central Time on Saturday, Jan. 27, at the Norris Conference Center in Houston, Texas.
Borrowers who attend the event will meet one-on-one with Ocwen Home Retention Agents and U.S. Department of Housing and Urban Development-approved counseling agencies to discuss their unique situations and to receive information about potential options to lower their mortgage payments.
Ocwen has developed new programs, policies, and procedures to more efficiently and effectively address borrower needs stemming from natural disasters, including a specialized response team to help homeowners. Members of this dedicated team will be available to assist borrowers on-site at the event in Houston.
“Ocwen provides sustainable mortgage solutions for homeowners across the country every day,” said Jill Showell, Senior Vice President of Government and Community Relations. “We realize that the recent natural disasters, which also impacted many Ocwen employees, have caused added pressure for many families. As always, Ocwen is ready to help. We are proud to be working with the NAACP to directly help borrowers throughout the Houston area find needed solutions to better afford their homes.”
Marvin Owens, Senior Director of Economic Programs at the NAACP, “Homeownership remains one of the most lasting ways families can build wealth for future generations. But for many homeowners who are struggling or have fallen on hard times, finding a trusted resource can be challenging. The NAACP is pleased to continue our work with Ocwen to help Texas homeowners find the right solutions to remain in their homes and their communities.”
Homeowners interested in attending the event can learn more by calling (855) 459-2514 or by viewing the event flyer available on OcwenCares.com.
Ocwen currently services more than 94,000 loans in Texas. Since Jan. 1, 2008, Ocwen has provided more than 50,300 loan modifications to Texas borrowers and forgiven nearly $274.9 million in debt. Nationwide, Ocwen has completed approximately 765,000 loan modifications and provided billions of dollars in debt forgiveness.
New American Funding has continued its expansion across Central Texas with the addition of Team Candy Buzan in Austin, Texas. Buzan, who has been ranked by the Austin Business Journal as a Top Producer since 2012, will serve as Branch Manager and Senior Loan Officer. Buzan will be joined at New American Funding by long-time business partner and Co-Branch Manager, Max Leaman.
“We’re excited about this new partnership and the ability to deliver an elevated level of service through state-of-the-art technology,” said Buzan. “The future of residential lending is about innovation and providing a customized loan process. Powered by New American Funding, we’re able to create this type of tailored homebuying experience.”
For more than 30 years, Buzan has been assisting housing customers throughout greater Austin. In 2017, she closed more than 300 loans.
“It’s an honor to have Candy and her team join New American Funding,” said New American Funding Co-Founder and President Patty Arvielo. “We value the dedication, integrity and wealth of knowledge she brings to housing consumers, our company, and the industry as a whole.”
Buzan, along with her team: Trudy Savage, Kim Nielsen and Daniel Hyzak, specialize in all loan types.
"We believe in helping consumers achieve homeownership," said Buzan. “And we’re committed to accomplishing this goal in a way that borrowers are prepared for long-term financial success."
New American Funding has expanded its Central Texas territory with the award-winning Leaman Team. Ranked by the Austin Business Journal as the Number One Lender in Austin for six consecutive years, Max Leaman will spearhead the market expansion as Branch Manager and Senior Loan Officer.
"The home loan industry is changing rapidly; customers and Real Estate Agents want fast closings, low rates and state-of-the-art technology to save time and simplify the loan process," said Leaman. "Powered by New American Funding, we deliver what the market wants from application to closing."
In 2017, Leaman closed more than 1,000 home loans and will be joined by his production team of Jori Stern, Amanda Stewart, Adam Biehler and Tiffany Wilbrett Garcia, as well as his talented operations, processing and closing teams.
“We’re thrilled to have Max Leaman and his team on board with New American Funding,” said New American Co-Founder and President Patty Arvielo. “Not only do they bring a wealth of industry insight but they embody the future of mortgage banking. They’re young, innovative and ahead of the curve, which merges well with our fast-moving automated platform.”
New American Funding has named Eric and Leslie Bergen as Area Production Manager and Area Sales Manager, respectively. They will be key leaders responsible for expanding the company’s footprint across Texas and New Mexico through increasing loan production, onboarding Loan Originators, and opening new branches.
Leslie will coach Loan Originators to maximize their potential while Eric will oversee the backend to ensure that loans are efficiently processed.
“We’re excited to join forces with New American Funding and have an unstoppable El Paso team. It’s a strong market and the best kept secret of the Southwest,” said Eric. “We believe in closing loans on time, every time and are committed to providing 5-star service.”
The Bergens are El Paso natives who most recently worked as a husband-and-wife team at an independent lender where Eric was Branch Manager and Leslie was a top-producing Vice President who closed 400 loans and funded $80 million last year. They bring more than 50 years of combined experience to their new roles.
“We’re thrilled to have this dynamic duo onboard,” said Tania Guzman, Area Manager. “Not only do they have a wealth of mortgage expertise and in-market knowledge but they’re skilled in training leaders. We’re very excited about this collaboration and growing to the next level.”
New American Funding has expanded its Southwest territory to include a new branch in Corpus Christi, Texas, the first retail location in the Coastal Bend for the national mortgage lender.
The Corpus Christi location is a full-service home loan provider equipped to meet the residential mortgage needs of local consumers and Real Estate Agents by offering a complete spectrum of purchase and refinance options.
“We’re excited to bring New American Funding’s presence to Corpus Christi,” said New American Funding Branch Manager Jo-Anne Lamorey. “Not only are we able to offer our borrowers a larger array of products and better down payment programs but we’re able to offer more services to our real estate partners like co-branded marketing and the GoGo Partner app.”
Lamorey will oversee the branch while working one-on-one originating loans for her clients. She is an industry veteran who has been in the community for nearly 40 years. Lamorey, along with her team of Loan Originators, collectively bring more than 90 years of mortgage experience to the region.
“This is an extremely talented group with a tremendous wealth of experience. They’re an all-around solid team. We couldn’t be more pleased with their level of skill and expertise,” said Stephen Sepulveda, New American Funding Area Manager. “With Jo-Anne’s knowledge of the industry and New American Funding’s innovative ideas, we make a dynamic combination that’s going to be incredibly beneficial for coastal consumers.”
The Houston housing market has moved beyond the damage and chaos created by Hurricane Harvey in August, according to new data from the Houston Association of Realtors (HAR).
During September, single-family home sales in the Houston market rose by 4.2 percent on a year-over-year basis, offering a dramatic turnaround from a nearly 24 percent plunge in August. All segments of the housing market saw sales gains except for homes priced below $150,000. On a year-to-date measurement, home sales remain 2.3 percent ahead of the 2016 volume despite the hurricane’s disruptive impact.
Housing inventory for this market increased to a 4.1-month supply in September from a 3.9-month supply one year earlier, but it was lower than the 4.4-month supply immediately preceding Harvey’s arrival.
But Harvey had its greatest impact on leased properties: single-family home leases skyrocketed by 83.6 percent and leases on townhomes and condominiums soared by 92.2 percent on a year-over-year basis last month. The average rent for single-family homes rose by 7.9 percent to $1,886 while the average rent for townhomes/condominiums saw a 5.4 percent upturn to $1,601.
"I don’t think anyone expected to see home sales in positive territory this soon after a natural disaster of Harvey’s magnitude, but the September report speaks volumes about the incredible resiliency of the Houston real estate market,” said HAR Chairwoman Cindy Hamann. “We are still mindful of the terrible property losses suffered across the region and continue to urge anyone who may have housing available for those in need—for up to 12 weeks of occupancy—to please post it on our Harvey Temporary Housing page at HAR.com/TemporaryHousing.”
Hurricane Harvey has been estimated to have caused more than $150 billion in damages to Houston and the surrounding areas. One of the costliest natural disasters in U.S. history, its impact on the area will be seen for years to come. While billions in aid has been set aside to help in the recovery, Dixie Sanders, a Mortgage Loan Originator in the Sugar Land, Texas branch of HomeBridge Financial Services, is leading a relief effort designed to assist members of the community with their immediate needs. Dixie and her daughter Allison, both of whose homes incurred flood damage as a result of the storm, launched “Operation: Rebuild TX” from their hotel room as a way to help friends and neighbors begin the rebuilding process.
The simple goal of “Operation: Rebuild TX” is to provide victims of Hurricane Harvey with some of the essentials needed to start the rebuilding process. Through the resources raised from its crowdfunding page on the You Caring Web site and other efforts, Sanders, along with her staff and colleagues, have raised more than $50,000, which has been used to create more than 1,450 cleaning kits for residents to use as they return to their homes.
Other local businesses within the real estate industry who have also donated resources to Operation: Rebuild TX include Select Title and RE/MAX Fine Properties. Of particular note, Nimesh Patel, co-owner of RE/MAX Fine Properties, was incredible in bringing together his team of agents to support Operation: Rebuild TX.
“Even though my home was damaged, I fared better than many and I couldn’t just sit in my hotel room while friends and neighbors suffered from such horrific devastation,” said Sanders. “As a mortgage professional, I’ve made my career helping people finance the homes of their dreams, but as a neighbor, my goal is simply to help the people in my community return to their homes and get back to living a normal life as soon as possible.”
In addition to funding relief efforts through Operation: Rebuild TX, Sanders has put together a Facebook page with updates and details on what Hurricane Harvey affected homeowners need to know regarding FEMA home inspections, as well as information on ways to finance repairs or the purchase another home in the area. Among the resources found on the page is an explanation of the FHA 203(h) mortgage loan program, designed specifically to assist homeowners whose primary residence is located in one of the Presidentially-declared disaster areas affected by the recent hurricanes and tropical storms.
“A small upside of this tragedy the way our professional community has come together to help our neighbors in need,” said Sanders. “Hurricane Harvey is out of the national spotlight, but here in Texas, its ramifications are something we’re going to have to deal with for years to come and now is the time for neighbors to be there for one another.”
Gateway Mortgage Group has partnered with the Texas Veterans Land Board as the administrator over loan originations in the Veterans Housing Assistance Program (VHAP). Texas VLB loans are available to Texas residents who served in any branch of the U.S. Armed Forces or National Guard on active or reserve duty. This program is designed to assist eligible veterans in purchasing a home by offering a low-interest rate loan and reduced downpayment requirements on houses located within the state of Texas. Disabled veterans and surviving spouses may also qualify for a further interest rate reduction of 50 basis points, or one half of one percent of the available Texas VLB Rate.
“As Gateway continues to expand, it is imperative that we maintain focus on our core values of strengthening communities through homeownership,” said Jared Edmonds, Vice President of National Correspondent Production for Gateway Mortgage Group. “We believe that this partnership with the Texas Veterans Land Board not only falls in line with our core values, but allows us the opportunity to serve our veterans who have served our country.”
Gateway’s Correspondent Lending Division, an arm of one of the largest privately held mortgage companies in the country, offers an array of programs, competitive pricing and a unique alternative to the correspondent channel for both financial institutions as well as independent mortgage companies.