Skip to main content

Florida industry appointments update - 09/29/2006

National Mortgage Professional
Oct 09, 2006

ABC launches Power Fixed 5-year ARM productMortgagePress.comABC Power Fixed 5-Year ARM American Brokers Conduit, the wholesale division of American Home Mortgage Investment Corporation, a publicly held Real Estate Investment Trust (REIT), has announced the introduction of its new Power Fixed 5-Year ARM. Highlights of the Power Fixed 5-Year ARM include: • A fixed monthly payment rate as low as 1.25 percent for first five years; • The ability for borrowers to select a fixed interest up front, so there's no guessing on deferred interest if minimum payment option is chosen; • The choice of four monthly payment options for better budgeting and cash flow management; • 100 percent LTV to $500,000 with LPMI; • Loan amounts to $8 million; • DTIs to 55 percent; • SIFA available to a 90 percent LTV; and • The inclusion of LLCs. "The Power Fixed 5-Year ARM has some truly fantastic aspects that will meet the needs of a wider range of borrowers, while providing ABC broker partners with a solid and highly desirable product," said Lisa Schreiber, executive vice president of ABC. "Today's borrowers want more certainty and stability in their mortgage and ABC has responded with a product that provides real solutions." For more information, visit www.abconduit.com.
Published
Oct 09, 2006
Guild Mortgage Announces Medical Professional Mortgage Program

Guild Mortgage introduced a new mortgage product to help medical professionals buy their first home with no down payment.

Industry News
Oct 27, 2021
Mortgage Coach And HomeBinder Partner On New Integration For Homeowners

Mortgage Coach announced a new integration with HomeBinder aimed to help homeowners stay connected with their lenders.

Tech
Oct 27, 2021
Non-QM Lender Angel Oak Appoints David Raju As Group CIO

Firm continues to seek ways to optimize data and improve technology capabilities.

Non-QM
Oct 27, 2021
Evergrande Steadily Repays Debt While Taking On New Risk

Evergrande Chairman Hui Ka Yan has ambitious plans, signaling last Friday that the firm wants to move away from housing and focus on making electric cars. 

Industry News
Oct 26, 2021
Planet Home Lending Reports Q3 Gains In Asset Management, Servicing And Originations

The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.

Industry News
Oct 26, 2021
CFPB, DOJ And OCC Hit Trustmark National Bank For 'Deliberate' Redlining

The Consumer Financial Protection Bureau and U.S. Department of Justice, in conjunction with the Office of the Comptroller of the Currency are taking action against Trustmark National Bank for alleged redlining violations.

Industry News
Oct 25, 2021