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Mortgage Industry Veteran Barry Habib Joins RFC as Chief Market Strategist

COLUMBUS, Ohio–(EON: Enhanced Online News)–Barry Habib has returned to the mortgage industry as the chief market
strategist for Residential
Finance Corp.
(RFC), a Columbus, Ohio-based lender. Habib, an
American entrepreneur who created the Mortgage Market Guide, will
provide his industry knowledge and forecasting abilities to RFC’s retail
branching division.

“Our branches
have a competitive advantage few others do with the addition of Barry
and his insight, training, coaching and support.”

“I really believe the housing market is making a turnaround, and the
mortgage market has stabilized so there is a tremendous upside to
getting involved in these industries again,” Habib said. “With that in
mind, I started researching companies and found RFC, which has a
platform and culture that I can be part of and help to grow. I was lucky
to find the people at RFC, who are world class in their commitment to
this industry.”

Habib is well-known for the Mortgage Market Guide, which helps interpret
and forecast activity in the mortgage rate and bond markets. He started
the company in 2001; sold it in 2007 but remained as CEO until 2010.

During his 17 years in the financial industry, Habib has amassed such
insight that he has become a sought-after speaker on financial markets,
housing, negotiation, sales training, building relationships, technical
trading analysis and motivation. Habib is also featured as a market
expert on the FOX Network and in his Monthly Mortgage Report featured on
CNBC’s Squawk Box.

RFC has a 15-year history in the mortgage business and launched the
retail branching division one year ago. The company tapped the expertise
of retail branching veteran Daniel Jacobs as division president.

“Part of our strategy is building the best company with the industry’s
best talent,” said Jacobs, “and investing in a Chief Market Strategist
of Barry’s caliber is proof of our commitment to our branch managers,
originators and borrowers. We have a culture that supports the
professional growth of our originators. That makes Barry a perfect match
for our company.

“Today’s marketplace is more demanding than ever of mortgage
professionals and RFC is more supportive than ever with its training,
resources and solid lending platform,” continued Jacobs. “Our branches
have a competitive advantage few others do with the addition of Barry
and his insight, training, coaching and support.”

RFC branches will have exclusive access to Habib’s industry knowledge
and forecasting abilities. He will provide daily video market updates to
branch managers and originators as well as personal and sales coaching
and on-site realtor and recruiting seminars.

“Having Barry on our team will help give our branch managers and the
sales team a deeper understanding of the ever-changing market conditions
so they can navigate the business and remain competitive,” said Michael
Isaacs, RFC’s CEO and president.

RFC is deliberate about its strategy for success and plans to add 25 new
branches nationwide in 2012. The company is focused on attracting market
leaders, originating more than $5 million per month of referral based
business, in communities large and small as the company grows its
successful retail branching platform.

“The industry is stabilizing and returning to the same core values it
was built on: relationships and excellence,” Isaacs said. “We believe
those companies that focus on quality today will be tomorrow’s market
leaders.”

About Residential Finance Corp.

Founded in 1997, Residential Finance Corporation (RFC) (www.residentialfinance.com),
offers homeowners and homebuyers nationwide a wide range of home
mortgage loan options, including special lower-rate government-insured
FHA and VA loans, residential mortgage loans, jumbo mortgage loans, and
reverse mortgages. RFC’s highly-trained staff delivers mortgage
expertise and customer service excellence, winning the company many
awards, including Columbus Business First Corporate Caring Award, Columbus
Business Journal
Best Place to Work, Florida Trends Best Company in
Florida, American Business Award Sales Department of the Year,
Inc Magazine
INC5000 Fastest Growing Company, and American Society
of Training and Development Excellence in Practice. Headquartered in
Columbus, Ohio, RFC has branches throughout the country, and is seeking
loan officers and branch managers to join their network of branches. For
more information contact Jessica Manna at 614.255.4317 and for more
information about RFC’s retail branching opportunities, contact Daniel
Jacobs at 614.255.3929, Daniel.Jacobs@myrfc.com
or http://branching.residentialfinance.com/.


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