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American Home Loans

Borrowing in America: Home Mortgages, Foreclosures and Predatory Lending 11-17-07

The Federalist Society's Financial Services & E-Commerce Practice Group presented this panel discussion at the 2007 Annual National ...

In strategic shift, TIAA to close dozens of mortgage offices

TIAA Bank plans to close roughly 65 mortgage origination offices across the country — a move that should reduce costs as the company concentrates more heavily on home lending to its existing customers.

The $36.9 billion-asset bank acquired the home loan offices, which are mainly located along the East and West coasts, as part of its 2017 purchase of EverBank Financial. After they are shut down, consumers will still have the opportunity to apply for a TIAA mortgage online or over the phone.

“The changes we’re making will enable us to deliver mortgage solutions to even more people, using digital technologies that enable clients to work with us efficiently and easily, anywhere and at any time,” Blake Wilson, TIAA Bank's chief executive, said in a press release.

U.S. Bancorp will assume the leases on approximately 40% of the home loan offices, according to TIAA spokesman Michael Cosgrove. The Minneapolis bank will offer jobs to a similar percentage of the affected employees, he added. Financial terms of the agreement between the two banks were not disclosed.

Foreign home loans such as American home loans for Australian property?

I am currently looking for a way to refinance my Australian property with a foreign loan. As the Australian interest rates continue to rise many other countries have rates around the 5% mark.


Yes - ST George bank lends in foreign currency - only problem is that you need to earn in foreign currency - you cannot borrow if you are an Australian living and earning in this country for property located here.
Hope that helps.......