SharperLending partners with Online Documents

Sep 06, 2006

Funding America adds 45/30 and 50/30 to sub-prime product lineMortgagePress.comSub-prime loans Funding America LLC has announced it will now offer "45 due in 30" and "50 due in 30" loan products. The 45/30 and 50/30 loans each amortize payments over a longer period than the term of the loan and conclude with a single balloon payment after 30 years. The loans avoid sharp payment increases common with other loan types and allow the consumer to pay off both principal and interest at a fixed rate. Houston-based Funding America LLC is a wholesale provider of sub-prime and alternative loan products for the residential mortgage broker community. For more information, call (866) 782-0100 or visit www.famtg.com.

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Sep 06, 2006

People On The Move

Ginnie Mae President Alanna McCargo Announces Resignation

McCargo was first woman and first woman of color at the helm of Ginnie Mae.

The U.S. Department of Housing and Urban Development (HUD) today announced that Alanna McCargo, president of the Government National Mortgage Association (Ginnie Mae), will resign, effective May 3, 2024. McCargo has served in the Biden-Harris Administration since January ...

People On The Move

Christensen, Andrus Added At CE Class Leader

Maximum Acceleration hires mortgage exec. as education director, adds banking manager

Brandon Christensen, a longtime mortgage broker and trainer, has been named Director of Education and National Instructor for Maximum Acceleration LLC, a leading NMLS-approved course provider for mortgage pre-license and continuing education. "Having Brandon join our amaz...