Skip to main content

Option One honored by the American Red Cross for tsunami efforts

National Mortgage Professional
Oct 09, 2005

BrooksAmerica targets non-prime needsMortgagePress.comBrooksAmerica, specialty lending, alt-B mortgages BrooksAmerica Mortgage Corporation is rolling out its specialty lending division offering "alt B" mortgages to its national brokerage network. Ed Plata was appointed to head the specialty lending division. Specialty lending products now available from BrooksAmerica include: 2/28 and 3/27 adjustable-rate mortgage (ARM), or a 30-year fixed program with loan amounts up to $1 million and credit scores as low as 500; an 80/20 combination is allowed with loan amounts to $750,000 with credit scores as low as 580 with full documentation and 620 with stated income; 100 percent loan-to-value (LTV) with a maximum of one loan is available with loan amounts up to $750,000, with credit scores as low as 580 with full documentation and 620 with stated income; and interest only is available with credit scores as low as 580 full documentation and 600 stated income with LTVs up to 95 percent on full documentation. Based in Santa Ana, Calif., BrooksAmerica Mortgage Corporation is a direct wholesale lender. For more information, call (888) 656-2262 or visit www.brooksamerica.com.
Published
Oct 09, 2005
Equifax Confirms Credit Report Hike

Costs could go up as much as 400% in some cases, according to NCRA.

Industry News
Nov 29, 2022
‘Massive’ Increase In Credit Report Cost Coming In 2023

NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.

Industry News
Nov 28, 2022
Homepoint Offering $500 Credit To Borrowers For Appraisals

Savings intended to help ‘on-the-fence’ homebuyers feel more comfortable buying a home.

Industry News
Nov 28, 2022
Creativity Found In The Oddest Place

Flagstar’s MortgageTech Accelerator program has its roots in Major League Baseball

Industry News
Nov 21, 2022
UWM Expands Temporary Rate Buydown Offerings

In a rising rate environment, this temporary rate buydown will be an attractive option for borrowers.

Industry News
Nov 16, 2022
Down Payment Assistance Facilitator Arrive Home Launched

Social enterprise

Industry News
Nov 15, 2022