Two powerful direct mail marketing secrets revealed

Mar 22, 2007

Metropolitan Funding Corporation forms Metrofund GroupMortgagePress.comMetrofund Group Metropolitan Funding Corporation (MFC) has formed the Metrofund Group, a full-service commercial real estate lending platform. The joint venture has arranged $160 million in initial capital and will focus on bridge, transitional and mezzanine loans. Investors include affiliates of Greenwich, Conn.-based hedge fund Sagecrest and principals of New York-based developer Merchant Equity Group. New York-based MFC is an approved U.S. Department of Housing and Urban Development/Federal Housing Administration multifamily accelerated processing lender and full-service commercial real estate mortgage banking firm. For more information, call (212) 983-1500 or visit www.metropolitanfunding.com.

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Mar 22, 2007

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...

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The Loan Store Rebrands As Averra Financial

The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings

The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...

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