MBA presents legislative service award to National City's Konyk

May 10, 2007

VirtualBank forms Seniors Lending GroupMortgagePress.comReverse mortgages VirtualBank has announced the formation of its Seniors Lending Group, specializing in a complete suite of conventional reverse mortgage products. The loans offered by the Seniors Lending Group are for people 62 or older who want to convert their homes' equity into cash without the worries of owing more than the homes are worth. VirtualBank is a federally chartered bank based in Palm Beach, Fla. For more information, call (877) 998-2265 or visit www.virtualbank.com.

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May 10, 2007

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...

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...