After experiencing slight growth in its mortgage business this summer and anticipating more, Chase Bank plans to hire up to 175 full-time employees for its Cleveland mortgage operations center by the end of the quarter. That maximum number would represent 40% growth in Chase’s local work force, which bank spokeswoman Mary Kay Bean estimated at 440. New mortgage loans, including refinancing, totaled $32.2 billion companywide in the second quarter — up 2% from the first quarter but down 22% in comparison to the second quarter of 2009.
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Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.
2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.