FreedomVOICE unveils mortgage broker marketing library

Jul 31, 2006

SCME introduces fixed option ARM productMortgagePress.comFixed Option ARMs SCME Mortgage Bankers Inc. has launched a fixed option adjustable-rate mortgage (ARM) product, which offers borrowers a fixed payment rate starting as low as two percent, with the security of a fixed note rate and the flexibility of a pay option ARM. This product gives borrowers four payment options - minimum payments based on a fully amortizing minimum payment rate, interest-only payments at note rate and current balance, full amortization with principal and interest payments based on a 30-year loan and accelerated payments with principal and interest payments based on a 15-year loan. SCME Mortgage Bankers Inc. is a residential wholesale lender based in San Diego. For more information, call (800) 448-7263 or visit www.scmeonline.com.

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Jul 31, 2006

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...