Franklin Synergy again expanding HQ

Future home of mortgage group expected to open in Q1
Oct 1, 2015 2:47 PM

Earnings wrap: Avenue, First Farmers

Mortgages power downtown lender’s fee income; better credit quality helps lift Columbia bank
Jul 24, 2015 2:36 PM

Churchill Mortgage sets up in San Diego

Brentwood-based Churchill Mortgage has doubled its California footprint with the opening of a branch in San Diego. The lender also plans to add another location in Los Angeles County soon. The San Diego office is Churchill’s 25th overall and will be led by Joe Detmer, a former regional sales manager for U.S. Bank Home Mortgage and chairman of the San Diego Community Housing Corp.’s board.

Churchill first set up shop in California last year with an office in Orange. That location now is home to more than 10 people and is recruiting for various roles with an eye to opening a second Los Angeles County branch.

Jun 24, 2015 11:32 AM

AHR launches non-qualified mortgage program

By most accounts, the Middle Tennessee housing market is cooking. But the aftershocks of the financial crisis have resulted in an underwriting conservatism that has shut out some potential homebuyers. Nonprofit Affordable Housing Resources is looking to step in with a loan program that helps bridge the gap for house hunters with higher debt ratio and lower credit scores.

To become eligible, borrowers must show a two-year work history and take an eight-hour education class. They also must contribute a down payment of at least 1 percent.

“The pendulum has now swung so far in that direction that it is preventing responsible people from getting a 30-year, fixed-rate mortgage,” said Eddie Latimer, AHR's CEO. “They are being kept from buying their first home, an important rung in the economic ladder.”

May 28, 2015 7:23 AM

Data bank: Local lenders in the first third of 2015

Research firm: Four banks handled $100M or more through April
May 20, 2015 2:35 PM

Growing mortgages, fees high on Avenue priority list

Non-bank acquisitions on the table at $1B bank
Apr 27, 2015 7:05 AM

First Farmers adds four in Green Hills, Franklin

Former Renasant SVP, new mortgage leader come on board
Apr 15, 2015 2:44 PM

Local delinquent loan ratio dips below 3%

More good news for local homeowners and bankers: The latest foreclosure and delinquent loan data from research firm CoreLogic show that 0.54 percent of local homes were in foreclosure in September, which is up slightly from the August figure and right in line with the average of the past five months. But the share of loans late 90 days or more dipped to 2.96 percent of the total, the first time since before the recession that number has dropped below 3 percent.


Nov 25, 2014 8:45 AM

Pinnacle adds mortgage SVP in Dickson

Pinnacle Financial Partners has hired Brett Reynolds as a senior vice president and mortgage advisor for its Dickson office. Reynolds has more than five years of lending experience at TriStar Bank. He is a founding board member of Banebow Inc. and serves on the Clement Railroad Hotel Museum advisory committee.

Fourteen-year-old Pinnacle ranks sixth in Dickson County in deposit share with about 4.4 percent of the market.

Nov 5, 2014 11:04 AM

Nashville's housing market may not get healthier than it is now

So it appears that Middle Tennessee's residential real estate sector has purged from its system almost all the bad loans and foreclosures it could. New data from CoreLogic shows that the region's home loan delinquency and foreclosures rates — which were still dropping steadily this spring — have bottomed out. They're not moving back up yet — and given the steady growth of the region, that may not happen soon — but the positive momentum has clearly petered out.


Oct 23, 2014 9:48 AM