Interthinx unveils FraudGUARD

Oct 09, 2006

BrooksAmerica launches 15-year interest-only loan programMortgagePress.comNo-interest loans BrooksAmerica Mortgage Corporation has introduced a 15-year, fixed, fully amortized loan, with a six-month prepayment penalty and a 10-year interest-only option. "Our Niche & Deal Maker 15-year interest-only loan is a very attractive option for first-time homebuyers or people with fluctuating incomes," said Tricia Bailey, president of BrooksAmerica. "This program also helps brokers build their businesses, by offering a unique loan that fits the needs of many customers." Irvine, Calif.-based BrooksAmerica Mortgage Corporation is a direct wholesale mortgage lender. For more information, call (888) 656-2262 or visit www.brooksamerica.com.

About the author

National Mortgage Professional

Link copied

Published

Oct 09, 2006

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...