Paragon Financial Corp., Ponte Vedra Beach, Fla., has announced the signing of Hall of Fame hockey great Phil Esposito under a marketing plan that aims to teach the mortgage business to current and former athletes.Mr. Esposito will work from Paragon's new Tampa, Fla., office, but will be involved nationally in Paragon's effort to expand its mortgage origination business, the company said. "This partnership with Paragon offers Phil an opportunity to create a successful post-sports business within our mortgage division by working with developers, national builders, and real estate agents," said Scott Vining, Paragon's chief financial officer. The company can be found on the Web at http://www.pgnf.com.
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The effective tax rate, measuring taxes relative to home prices, also increased to its highest mark in five years, according to Attom's analysis.
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The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
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Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering.
April 8 -
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
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Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders.
April 8 -
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
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