The new executive, David Johnson, founded Piedmont Highlands Capital.
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Category: Lending
FHFA rescinds “unworkable” fee ahead of implementation
The mortgage industry decried the proposed loan-level pricing adjustment for borrowers with higher debt-to-income ratios.
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MBA: Mortgage applications rise on lower rates
Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported.
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High interest rates have homebuyers looking for ways to save
As affordability remains a concern, some buyers are purchasing mortgage points.
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Mortgage rates decline for fourth consecutive week
This was the fourth week in a row of declines, leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.
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Shant Banosian named Scotsman Guide’s top originator of 2023
This isn’t the first time Banosian topped the rankings. In 2020, he earned the No. 1 spot with $915.7 million in business during 2019.
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$100 million loan jump-starts work on Stella at Star Metals residential tower
The tower, which will have 327 class AA+ apartments, is the third phase of Star Metals District, the $1.5 billion mixed-use, urban-renewal project on Atlanta’s Westside.
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MBA: Mortgage applications rise 7.4% despite increased rates
The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022.
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Creating a lending business plan — from referrals to reels
Jenny Sepulveda, the executive vice president of sales coaching and development at Guaranteed Rate, shares tips for lenders to a create effective business plans.
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New mortgage broker sets up shop in Alpharetta
The firm, Ardent Loans LLC, offers a variety of residential mortgage options.
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