Customers for life

Mar 27, 2007

Creative Mortgage Lending offers new ARM optionsMortgagePress.comHybrid option ARMs Creative Mortgage Lending has introduced its Hybrid Pay Option Adjustable Rate Mortgage (ARM). The Hybrid Pay Option ARM offered to brokers gives borrowers the choice of one of four options for payment—30-year amortization, 15-year amortization, interest-only payments or deferred interest. Southfield, Mich.-based Creative Mortgage Lending is a wholesale lender specializing in alt-A and non-prime lending. For more information, visit www.cmldirect.com.

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Mar 27, 2007

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...