Gateway First Bank makes two key hires

Gateway First Bank made back-to-back announcements this week regarding two key hires. On Tuesday, the bank welcomed Joell Maddox as director of treasury services. The following day, Gateway announced that Thomas Ramm joined as chief investment officer.  “This is a critical hire for us,” Gateway Chairman and CEO Stephen Curry

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Adios coast: Nearly all the top markets are inland

Migration away from expensive coastal cities is set to continue in 2020. Strong economies, more jobs and available inventory are expected to drive more people to inland cities in 2020, realtor.com says. More specifically, there are 10 markets that realtor.com predicts will be the top housing markets for 2020, and

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Renters paid $4.5 trillion in rent in the last 10 years

Landlords have had a very lucrative decade. During the 2010s, U.S. renters paid about $4.5 trillion in rent, according to Zillow. That’s more than the 2018 GDP of the world’s fourth-largest economy, Germany. In 2019 alone, renters paid out $512 billion in rent. The total amount of rent paid in

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Capital City Bank acquiring majority interest in BrandMortgage

BrandMortgage, a mortgage lender that operates in the Southeast, will soon have a new majority owner and a new name after the company agreed to sell majority interest to Capital City Bank. The mortgage lender, which operates in Alabama, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and

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Most lenders expect to keep making big money on mortgages

Recent data from the Mortgage Bankers Association revealed that lenders are now making more money per loan than they’ve made in almost seven years. And a new report from Fannie Mae suggests that most lenders believe they’ll keep making that much money per loan for the foreseeable future. Fannie Mae

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Freddie Mac: Mortgage rates inch forward to 3.73%

This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.73%. Although this rate is an increase from last week’s percentage, it’s still more than a percentage point below the 4.63% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. “Since early September, when mortgage rates posted

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