Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

AwardsMagazine

2019 HW Vanguard: Chris George

CMG Financial President and CEO

Chris George not only leads CMG Financial as the company’s president and CEO, he has also helped lead the Mortgage Bankers Association as the trade group’s chairman since October 2018.

Fulfilling the responsibilities of MBA chairman has kept him away from CMG Financial’s corporate office in San Ramon, California for most of the year. During this time, George has testified before Congress, met with influential housing leaders, and served originators within his company and those working with other lenders all over the country as an industry advocate.

Despite that intensive travel schedule, George has also continued to oversee the growth of his own company.

In the past 12 months, George oversaw the addition of 40 new retail branches, leading to a 40% growth in year-over-year production problem. 

Each of CMG Financial’s lending channels, retail, wholesale and correspondent, ranks among the highest producing in the industry. Growing beyond the core channels, George also developed a new joint venture partnership division and launched CMG Securities, an owned affiliate broker/dealer of CMG Financial.

Before taking on the role as chairman of the MBA, George served on the MBA’s board of directors since 2012. George is also a member of the MBA’s Independent Mortgage Bankers Executive Council and MBA’s Consumer Affairs Advisory Council.

George also serves on the board of directors for MBA’s Opens Doors Foundation, is the immediate past chairman of MBA’s Diversity and Inclusion Committee, and is the past chairman for California Mortgage Bankers Association.

What has been your secret to success?

“I firmly believe giving back to those in need leads to success – at work, at home and in life. I established the CMG Foundation, a philanthropic endeavor to support non-profit organizations at community and national levels, for this purpose.”

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