Citing "tremendous opportunity" in Alabama and Florida markets, Superior Bank is expanding its mortgage banking operations by adding over 60 people and doubling its existing team based in Birmingham. Adding new staff is a timely step, Superior Bank president Rick Gardner said following investments in new systems, expanded product offerings and the branch network in the last several years. Currently the company operates 72 branches. While the expanded operation will serve primarily Alabama customers, the $3.2 billion thrift holding company said additional support positions will ensure a larger number of customer needs are met both in Alabama and in Florida in the coming years. Currently the company operates 72 branches in 44 locations throughout the state of Alabama and 28 locations in Florida.
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Panorama Mortgage Group's channels each had a different name, and SimplyPMG reflects a new emphasis on straightforwardness, said Hector Amendola, president.
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The new unit, renamed XedaLink, will serve some of Xactus' direct competitors in the consumer reporting agencies space through a different platform.
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The FHA published a request for information in the Federal Register Friday, looking for stakeholder comment on how to improve and modernize property standards.
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Some international investors, who represent roughly 20% of Ginnie's market, are gravitating to real estate mortgage investment conduit securities.
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The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.
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The test of automated risk assessments for government-sponsored enterprise-eligible mortgages are designed to help determine when waivers might be possible.
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