National industry appointments update - 5/31/2007

Jun 03, 2007

Value Financial closes first U.S. fixed-rate reverse mortgageMortgagePress.comFixed-rate reverse mortgage Value Financial Mortgage Services Inc. has closed the first fixed-rate reverse mortgage issued in the United States, at a rate below 7 percent. According to CEO Nelson A. Locke, the borrower received more than $70,000 in cash benefits and has more equity to draw from in the future. Value Financial Mortgage Services Inc. is a reverse mortgage lender based in North Miami, Fla. For more information, call (800) 760-5363 or visit www.valuefinancial.net.

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Jun 03, 2007

C-Suite Strategies

A&D Mortgage Partnering With Atlas Merchant Capital

Companies say joint venture marks growth in investments, securities

Investment firm Atlas Merchant Capital LLC has partnered with wholesale lender A&D Mortgage, LLC, and Imperial Fund Asset Management, announcing a joint venture partnership (JV) to support the expansion of A&D’s $7 billion mortgage securitization platform. The JV...

Analysis and Data

Mortgage Applications Jump 14.2%

Refinance applications more than double year-over-year

Mortgage applications climbed 14.2% in one week’s time, a byproduct of sinking mortgage rates and further drops anticipated. The Mortgage Bankers Association (MBA) released its Weekly Applications Survey Wednesday, indicating that mortgage loan application volume increase...