How local lenders can support homeownership in today’s housing market

In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. The only banking presence in one in five U.S. counties, local lenders help millions of … Continue readingHow local lenders can support homeownership in today’s housing market

How local lenders can support homeownership in today’s housing market

In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. The only banking presence in one in five U.S. counties, local lenders help millions of … Continue readingHow local lenders can support homeownership in today’s housing market

BayFirst National Bank withdraws from residential mortgage business

Higher mortgage rates, lower volume and fiercer competition forced BayFirst National Bank to shut down its residential mortgage business and lay off staffers. BayFirst Financial Corp., the parent company of BayFirst National Bank, announced last week that its board of directors started the process of … Continue readingBayFirst National Bank withdraws from residential mortgage business

BayFirst National Bank withdraws from residential mortgage business

Higher mortgage rates, lower volume and fiercer competition forced BayFirst National Bank to shut down its residential mortgage business and lay off staffers. BayFirst Financial Corp., the parent company of BayFirst National Bank, announced last week that its board of directors started the process of … Continue readingBayFirst National Bank withdraws from residential mortgage business

Opinion: Customer service is a lender’s greatest strength

These days, every week brings a new report, forecast or piece of news reminding us that the mortgage lending market is in uncharted waters. Mortgage demand fell 6% week over week at the end of July. Applications dropped 7% in the same period. The national … Continue readingOpinion: Customer service is a lender’s greatest strength