Schuyler Vaughan is joining First Federal Bank of Kansas City as its Senior VP of Mortgage Banking, the bank announced in a press release. In his new role, Vaughan will spearhead First Federal’s mortgage division with an eye toward innovative strategies for strengthening and expanding lending. He is tasked with sculpting a strong lending team…
For borrowers in the rural South, getting a mortgage is tricky. A new analysis from the Consumer Finance Protection Bureau found that consumers in hard-to-reach areas of the South have a tough time accessing credit. Southern rural consumers apply for mortgages at the same rate as consumers nationwide – 19 applications per 1,000 residents –…
The Mortgage Bankers Association has once again adjusted its commercial and multifamily lending expectations downward as economic uncertainty continues to constrain the market. MBA’s latest forecast shows commercial and multifamily borrowing falling 20% in 2023 to $654 billion, down from $816 billion in 2022. This is a $9 billion reduction from its January prediction. Multifamily…
Brian Ralston has been promoted to EVP, Chief Mortgage Banking Officer at NexBank, the company announced. Ralston moves up from his former role of SVP of Mortgage Banking, which he has held since 2013. In his new position, he will lead the strategic direction of the bank’s mortgage division. Ralston remains responsible for all origination…
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