Colonial Bank Gains in Georgia

Colonial Bank of Montgomery, Alabama has increased their FHA mortgage sales in Georgia by over $89 million from the same period last year. Colonial Bank has taken advantage of an increasingly growing FHA market in Georgia this year. Georgia is currently #2 behind only Texas in FHA mortgage activity.

Primary Capital Advisors gains FHA mortgage Share in Georgia

Primary Capital Advisors announced the offering of FHA mortgage products in August last year. From startup with the new FHA product, Primary Capital now ranks 17th in Georgia.

Last year, First Magnus Financial was a leading FHA wholesale lender in Georgia. First Magnus's leading broker/correspondent was Metro Brokers, Financial . In August 2007, First Magnus filed bankruptcy and stopped originating mortgage loans. The data shows that First Magnus's loss was Primary Capital's gain. Primary Capital succeeded in funding the bulk of Metro Brokers Financial's FHA applicants. This business was key in making Primary Capital a rising FHA mortgage star in Georgia.