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New American Funding onboards top Chicago loan officer 

Housing Wire

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. Chicago, I think, is suffering more than most markets in the United States. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

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Christie’s will launch a new luxury Austin brokerage this Fall

Housing Wire

The future Austin headquarters are likely to be located around the Westlake/Barton Creek area and will be operational by November 1, according to Mooty and Manzanilla. “We markets, including Los Angeles, Miami, Atlanta, Chicago, and the San Francisco Bay, according to the statement. He still serves as its CEO and principal.

Brokerage 410
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@properties looks beyond Chicago with Christie’s deal

Housing Wire

For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. The network has grown fairly deliberately with locations in Detroit and Dallas, and investments in other brokerages including Ansley Atlanta.

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US home prices rose to record high in August

Housing Wire

Home prices are still cold in the desert Per the Case-Shiller index, Chicago in August posted the highest annual gain among the 20 cities for the fourth consecutive month. Chicago (+5.00%), New York (+4.98%) and Detroit (+4.8%) were the three best-performing metropolitan areas in August. Seven of 20 cities reported lower prices.

Inventory 479
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New Western taps new chief marketing officer

Housing Wire

The Texas firm has locations in more than 25 cities and connects with sellers more than 100,000 local investors looking to rehab houses, according to its website. Last month, New Western opened its first office in Chicago, marking expansion into its 19th state. .

Marketing 370
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PennyMac expands consumer direct business

Housing Wire

The company said it has 2 million customers and over 7,000 employees in 16 locations. Meanwhile, Chicago-based Interfirst Mortgage Co. laid off 77 employees in its Charlotte, North Carolina office and 274 in its Chicago-area location.

Business 369
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Revolution Mortgage snags top loanDepot loan officers

Housing Wire

Jorden Brok and Brett Lotsoff are producing area managers and SVPs of mortgage lending at Revolution Mortgage and are tasked with expanding the company’s footprint in the greater Chicago area. By the end of June, the Ohio-based lender will have added 30 new branch locations nationwide since January, bringing the total to 120.