General World News

Mortgage lenders expand footprint despite challenging conditions

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market.

While many lenders laid off some of their staff to cut costs, others continue opening offices to capitalize on demand from homebuyers. Among them are Geneva Financial, a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western, a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th details ⇒

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