NETR Channels Freddie Mac

Nov 14, 2002

NovaStar Mortgage Goes FederalMortgagePress.comNovaStar Mortgage, Federal Loan Programs As a result of NovaStar Mortgage Inc.'s recent approval as a direct endorsed government lender, the company has announced plans to increase the momentum of its government lending operation. The new status enables NovaStar to add government loans to its product menu offered to affiliated branches and brokers, in addition to extensive government lending training. NovaStar Mortgage Inc., headquartered in Westwood, Kan., is a retail investment trust that originates single-family residential mortgage loans. For more information, visit www.novastaris.com or call (949) 460-8255.

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Nov 14, 2002

People On The Move

Figure Technology Solutions Names Michael Tannenbaum New CEO

Founder and former CEO, Mike Cagney, assumes the role of executive chairman.

Figure Technology Solutions (FTS), parent company of five-days-to-close HELOC originator, Figure Lending, announced today the appointment of Michael Tannenbaum as chief executive officer (CEO) and a member of the Board of Directors. Co-founder and previous CEO of the company...

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...