American Mortgage Network, San Diego, has announced the opening of a new regional center in the Dallas area to serve mortgage brokers in much of Texas and Arkansas.AmNet recently opened a regional center in Houston. The Dallas-area operation, located in Irving, will be headed by Nancy Snowden, who has 35 years of mortgage banking experience, AmNet said. "The residential housing market in the Dallas area is outperforming other segments of the economy," Ms. Snowden said. ".... Underwriting and closing will be handled through both the Dallas and Houston offices, while account executives will be located throughout the state to serve broker needs in specific geographic areas." AmNet, a wholly owned subsidiary of American Residential Investment Trust, can be found online at http://www.amnetmortgage.com.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
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The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17