Senior Mortgage Loan Originator at U.S. Bank

Alert the press (already did), Hayden Hodges has moved.

Formerly with Cornerstone Mortgage, Benchmark Bank and most recently, Caliber Mortgage, Hodges is now with US Bank.

Wait, they bank here in Texas? As a matter of fact, they do. They’re moving into Texas and starting with mortgage lending. Hodges was hired to build the team and continue to offer the high-quality service he’s become known for.

With a background that includes a law degree from SMU and several years on Capitol Hill before the major life change-slash-career switch, Hodges brings something special to each transaction – a key understanding of the process from way back before it ever reaches the consumer. He served as counsel to big banks so he has an intimate knowledge of the entire lending industry. Oddly enough, he’s avoided big banks for years so why the switch and why now?

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Remember the Great Recession and resulting cascade of foreclosures that exposed lax mortgage practices highlighted by the poster-child of “robo-signing”? At the center of it all was MERSCORP Holdings, Inc., and their confusingly-named MERS System and Mortgage Electronic Registration Systems, Inc. Earlier this month, Intercontinental Exchange (the other ICE) acquired the remaining minority stake in MERSCORP Holdings it hadn’t already acquired in 2016.

What does this mean for the US Mortgage market?

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There’s so much to learn if you’re a first-time home buyer, especially when it comes to mortgages. Our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage), is hosting an exclusive home buying event that will educate your buyer clients on all of the important changes to the industry and how to make the most of their home buying experience.

The Saturday, Sept. 15, event will cover a lot of new ground and help familiarize buyers with the complicated, sometimes fast-paced process that is buying a home.

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Source: Federal Reserve

Prices are up, property tax assessments are likely up, you’re rich, rich, rich … on paper. According to researchers Black Knight, as of the end of 2017, Americans have $5.4 trillion in “tappable” home equity, an increase of $735 billion from the end of 2016. Tappable means that while total home equity, according to the Federal Reserve, sits at $14.4 trillion, only $5.4 trillion would be available using loan products requiring 20 percent equity remain in the property.

Put in perspective, $5.4 trillion is about 10 percent more than in 2005, before everything went to shit.  But there’s tappable and there’s tappable.  Three quarters of that equity is also held in mortgages with rates lower than current rates. Of the $5.4 trillion, approximately half is held by property owners with at least a credit score of 760 (qualifying for the lower refinance rates).

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tuttle office

 

Andy Tuttle goes above and beyond for his clients. As branch manager at Fairway Independent Mortgage Company, Tuttle has focused on delivering an enviable level of service to his clients since 2001. While they may come to The Tuttle Group for a home loan, Andy prides himself on making sure that an educated, prepared buyer leaves his office on their journey to homeownership with the tools to attain financial success.

Therefore, it’s something of a compliment when a top-performing loan officer wants to join the fold.

That’s exactly what’s happening, as market-leading loan officer Brian McCauley has joined Andy and the Tuttle Group team.

“This tells me we’re doing something right if such a high-caliber team wants to join forces with us,” said mortgage banker Andy Tuttle of The Tuttle Group. “This is such a great fit. We both share the same vision. We treat clients like family and we know we are helping people make one of the biggest decisions of their lives.”

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We know that president-elect Donald Trump, as a businessman, probably detests regulations as much as any other business owner. While protective, some go too far and tack on extra costs to consumers. You really need a balance — enough law to protect the consumer and punish morons who prey upon the unsuspecting, but not enough to make the burden unbearable. I have seen this happen first hand in healthcare — in fact, mountains of regulations are one reason why health care costs are so bloated.

Well, according to HousingWire,  Donald Trump’s transition team and their website say the incoming president plans to dump Dodd-Frank completely. This could be very good for the housing market. Or would it? (more…)

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As if our lives are not already stressful enough, what with the five Dallas police ambushed and shot on July 7 in downtown Dallas, the terrorist (or whatever) attack in Nice, France that friends of mine were 100 yards from, then three police down in Baton Rouge  yesterday… the poor employees at Nationstar Mortgage in Coppell had to clear out this morning because of a bomb threat.

HousingWire.com reports that the corporate headquarters for Nationstar Mortgage, “home to approximately 900 of the company’s employees, sat vacant for several hours Monday morning as a bomb threat forced the company’s employees to evacuate the building.”

Good news: the threat was not made against Nationstar per se, but rather a nearby, unaffiliated building. (more…)

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With its brand new Dallas office at 5910 N. Central Expressway, Suite 725, Guardian Mortgage Company has expanded its Texas footprint to six offices, with 12 total locations nationwide.

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Wade Betz

The company currently operates offices in Grand Blanc and Troy, Michigan; El Paso, Plano, Arlington, Richardson and San Antonio, Texas; Santa Fe, Los Alamos and Albuquerque, New Mexico; and Scottsdale, Arizona. Offices in Denver, Colorado are slated to open later this year.

The new digs, just off of Mockingbird Lane in the Merrill Lynch tower, will be helmed by Wade Betz. Betz, a New Orleans expat and SMU alum, has been a steadfast presence at Guardian Mortgage Company for more than a decade, and will ably lead the new office as branch manager.

“I’ve worked for the company for over 10 years, and this is an exciting time for us,” Betz said. “I’m so excited to spearhead this new venture for Dallas homebuyers.”

The new branch is now open and serving Dallas-area buyers, and Betz is on the lookout for experienced loan officers to join his team.

“We want the best of the best,” Betz said. “Our buyers deserve nothing less!”