The construction financing was provided by The Piedmont Bank. 

Lendistry Home Loans will offer conventional purchase and refinance loans, as well as loans for non-traditional borrowers. 

For-profit and nonprofit developers may apply for up to $1 million per affordable-housing project beginning June 27. 

Mata previously served as area sales manager for Acopia Home Loans. 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

Allison most recently served as southeast division vice president at New American Funding. 

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

The executive will be responsible for delivering Victory loan products and services to its affiliated builder, Fischer Homes, its clients and outside customers, as well as overseeing all seven of the firm’s branches. 

The private equity owners placed a $60,250,000 bridge loan and an $8 million mezzanine loan on the Buckhead tower. 

MBA states that the mortgage delinquency rate has fallen to the lowest rate since it started tracking this metric in 1979.

National Association of REALTORS® Chief Economist Lawrence Yun took issue with the increase, saying the central bank has created “a rare and very tight monetary policy condition.” 

The new executive, David Johnson, founded Piedmont Highlands Capital. 

The mortgage industry decried the proposed loan-level pricing adjustment for borrowers with higher debt-to-income ratios. 

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

As affordability remains a concern, some buyers are purchasing mortgage points.

This was the fourth week in a row of declines, leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.