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Houston’s rich are moving in. Commenting for my story this week, lenders said mortgage lending for luxury homes – those going for $500,000 and up – is "on fire" in Houston and got hotter in 2012. Data.
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The only other quarter when lenders reported a negative profit margin, the first quarter of 2014, saw a loss of $194 per loan as mortgage originators struggled. journalism from the University of.
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From the article: Larger lenders view the market conditions as a chance to snap up staff from shrinking rivals. Jay Farner, chief executive of Quicken Loans, which has become the country’s.
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Steve Cox of Fleet Mortgages agreed that it should be a market for all. “It’s a market for all based on advisers having the knowledge and transacting business regularly,” he said. “I’m not going to.
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