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Housing Industry Remains a ‘Bright Spot in the Economy’

Since the crisis, the housing industry has been consistently expanding, but when the pace of growth lost a large amount of momentum in the final quarter of last year, on top of economists' predictions of slow growth, many in the industry are questioning if the expansion is beginning to expire.

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FGMC Appoints National TPO Sales Director

First Guaranty Mortgage Corporation, a Virginia Corporation, providing residential mortgage lending services for over 25 years, has appointed correspondent lending sales veteran, Tom Davis to be its National TPO Sales Director.

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Banks Come Out Winners in RMBS Case

For the most part, when being investigated over their pre-crisis residential mortgage-backed securities practices, the nation’s largest banks have come out having to pay billions of dollars in settlements and penalties.

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