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.

IPO / M&APolitics & MoneyMortgage

Hometrust expands to Southeast with MortgageAmerica acquisition

Houston-based residential lender Hometrust Mortgage Co. signed a deal to acquire MortgageAmerica for an undisclosed amount. The deal pulls together two regional lenders, shoring up sales territory in the South and Southwest.

Birmingham, Ala.-based MortgageAmerica has a loan volume of about $700 million, according to Lynn Nunez, president and CEO of Hometrust, which has volume of nearly $500 million.    

Hometrust will hire most of MortgageAmerica’s 200 employees, Nunez added. Hometrust already has a little less than 200 employees.

The deal expands Hometrust’s geographical footprint to Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.

In Alabama and surrounding states, the company will operate as Hometrust Mortgage of America Inc.

Hometrust launched back in 1986 and currently has offices in Texas and New Mexico. MortgageAmerica was founded in 1978 and operates throughout the Southeast.

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