Industry Watch: UWM adds Prime Jumbo ARMs; Homespire, Nations Lending expand; and more

Homespire Mortgage announced its newest expansion plan, which includes offices in New Mexico, Ohio and south-central Texas. Industry veteran Lynda Fazio will serve as area manager in New Mexico alongside Dave Purdy, who will serve as regional manager. Senior mortgage advisor Kyle LeDuc is the new branch manager at Homespire’s Columbus, Ohio, location. The company also named Kevin Whatley as regional manager of south-central Texas, with Whatley leading the opening of additional offices in the Austin and Houston markets. Additionally, Homespire has plans underway for continued growth in other markets, including Alabama and Florida.

NP Inc. announced the expansion of its retail division with the launch of a new DBA, Villa Home Loans. Eddie Brown has been named managing executive vice president for Villa Home Loans, located in Charlotte, and there are plans for nationwide expansion.

Nations Lending announced its first expansion into Oregon, opening offices in Medford, Ashland and Grants Pass, with branch manager Sheryl Osborn at the helm.

CBRE completed its previously announced acquisition of a 60% ownership interest in Turner & Townsend Holdings Ltd. As previously announced, CBRE paid approximately $1.3 billion in cash for the majority stake, with 55% of the price paid upon closing. The transaction preserves Turner & Townsend’s existing leadership team, heritage, operational independence and partnership structure, which will hold the remaining 40% ownership interest.

United Wholesale Mortgage announced the launch of its Prime Jumbo ARM program that will offer five-, seven- and 10-year adjustable-rate mortgages. Rates and terms have not been disclosed.

Knock announced its expansion into Michigan, with Knock Home Swap and Knock GO now available for homebuyers in the Detroit, Ann Arbor, Flint and Monroe metro areas. So far this year, Knock has expanded to 51 new markets and is now serving homebuyers in a total of 69 markets in 14 states across the country.


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