Mortgage companies on the rise

Despite cooling in the overall U.S. residential property market, experts say the Sunshine State -- and Northeast Florida, in particular -- continues to be a robust market for home sales that is attracting more and more mortgage firms to the region.

Drawn by its affordable housing and market growth, national mortgage providers, including Memphis, Tenn.'s Macquarie Mortgages USA Inc. and Heartwell Mortgage Corp. of Grand Rapids, Mich., recently have expanded into Northeast Florida. The growing presence of national mortgage lenders, in turn, allows the exchange of services within the industry, making the region even more appealing to other mortgage brokers and companies.

According to the Florida Agency for Workforce Innovation's Labor Market Statistics, industry employment jumped 13.4 percent in the area this year compared to 2005 levels.

Source: Jacksonville Business Journal (10/16/06) Witkowski, Rachel
© Copyright 2006 INFORMATION, INC. Bethesda, MD

Posted by Donald Urschalitz P.A. at November 6, 2006 03:33 PM