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Christy Soukhamneut Named Chief Lending Officer at UFCU

Christy Soukhamneut Named Chief Lending Officer at UFCU

by Phil Hall | Aug 18, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

UFCU, the Austin-based credit union with $4.676 billion in total assets, has hired Christy Soukhamneut as chief lending officer. In her new role, she will be responsible for overseeing the consumer lending organization, which includes mortgage and direct auto lending,...
High-Earning Households Exiting California and New York

High-Earning Households Exiting California and New York

by Phil Hall | Jul 25, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

High-earning American households are saying farewell to California and New York and relocating to Florida and Texas, according to a new study from SmartAsset. For this study, SmartAsset examined the inflow and outflow of tax filers making at least $200,000 in each...
Texas Q2 Median Home Price Down 3.1%

Texas Q2 Median Home Price Down 3.1%

by Phil Hall | Jul 19, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median price of homes sold in Texas in the second quarter was $345,000, a 3.1% decline from the $357,388 price recorded one year ago, according to new data from Texas Realtors. Half of the Texas residential properties sold in the second quarter this year were in...
FBI Arrests Developer at Center of Texas AG Impeachment

FBI Arrests Developer at Center of Texas AG Impeachment

by Phil Hall | Jun 9, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

The FBI arrested the real estate developer at the center of the scandal that resulted in the impeachment of Texas Attorney General Ken Paxton. The Associated Press reported that Nate Paul, the president and CEO of World Class Capital Group, was arrested yesterday...
Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing

Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing

by Phil Hall | May 26, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Colonial Savings F.A. has announced it will be exiting the mortgage origination business as of July 31. The Fort Worth, Texas-based thrift said it would continue to provide mortgage servicing along with the remainder of its full-service banking offerings. Colonial...
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