Lending

mortgage applications
Mortgage applications surge 12.5% on ‘looser housing inventory’

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

mortgage applications
MBA: Mortgage applications rise as housing inventory increases

The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty. 

MBA: Mortgage applications fall almost 13% on interest rate surge

The average 30-year mortgage saw its contract interest rate jump to 6.90% from 6.81% the week before, the Mortgage Bankers Association said. 

Rocket to acquire Mr. Cooper for $9.4 billion

The acquisition of the mortgage servicer comes on the heels of Rocket’s $1.75 billion deal for Redfin. 

FHLB Atlanta makes $60 million available for affordable housing in 2025

The funding is available for homes located in the bank’s district, which includes Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and Washington, D.C. 

282-apartment community underway in Monroe

The developers recently secured a $42.74 million construction-completion loan for the first phase of project, which is leasing up. 

Atlanta mortgage veteran Darrell Beaudoin joins Rate

Beaudoin comes to the Chicago-based lender from Affinity Home Lending. 

Parkland Residential lands $8 million loan for phase two of Sweetwater Springs community

The construction financing was provided by The Piedmont Bank. 

Minority-owned small business lender Lendistry to offer home loans in Georgia

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

FHLB Atlanta makes record $55 million available for affordable housing in 2024

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

Guaranteed Rate appoints veteran lender Carlos Mata as Atlanta branch manager

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

Builder confidence jumps in January on falling mortgage rates

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

Kelly Allison joins Academy Mortgage

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

MBA: Mortgage apps rise on increase in ARM activity

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

Victory Mortgage promotes Traci Lynn to national production manager

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 Irby refinanced for $68 million

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

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