Tennessee

Nearly a decade after Troy Wragg's role in a $54 million Ponzi scheme involving green energy and real estate investments in Tennessee was exposed, the former Philadelphia resident was sentenced to 22 years in prison and ordered to pay $54 million in restitution.

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business.

Chattanooga home prices rose only about half as fast as the country as a whole in the past year and were nearly 27.5% below the U.S. average the first quarter of 2019, according to the National Association of Realtors.

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.

Home prices are outpacing wage growth across the Chattanooga, Tenn., region, but housing locally remains more affordable than in most of America.

Bankers complain that the quasi-governmental system's new program designed to make more residential loans in four states goes well beyond its original mission.

Citizens Bank's $511 million acquisition of Franklin American Mortgage will beef up the bank's servicing portfolio and diversify its origination business at a time when higher interest rates have put a damper on refinance volume.

The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.

TriStar Bank in Tennessee says a shortage of appraisers is slowing down its commercial real estate lending and raising the cost of appraisals. The claim has outraged appraisers, who argue that the bank is simply trying to avoid paying their fees.

Incenter Mortgage Advisors is putting up for bid a $712.8 million package of government-sponsored enterprise and Ginnie Mae mortgage servicing rights concentrated in the Southeast.

Housing sales in the Chattanooga area continued their eight-year climb last year, rising to another record high in 2017 even with higher home prices and fewer houses for sale.

Here's a look at 10 cities where the fewest house hunters have prime credit.

The company, which bought BNC Bancorp to enter North Carolina last year, recorded $19.1 million in merger-related expenses and an $8.3 million pretax loss tied to investment securities.

Here's a look at the top 10 markets where it's more affordable to buy a home than rent a three-bedroom property.

Here's a look at the 11 housing markets where the share of entry-level homes for sale is greater than the share of first time home buyer shoppers.

The Tennessee company also set high expectations for revenue opportunities while projecting it will deliver a 15% return on equity in 2019.

Here's a look at the 10 cities where strong employment and for-sale inventory are expected to keep housing markets bustling with activity during the normally slow year-end months.

Housing inventory nationwide has declined for more than two years. But in a small number of markets, the number of homes for sale is growing.

Nearly half of all Memphis renters are "cost burdened,'' meaning they spend more than 35% of their household income on housing.

An organization that plays a role in the racial integration of Tennessee's neighborhoods and schools has — after nearly 100 years — installed its first black president.