NAR releases educational brochure on foreclosure avoidance

National Mortgage Professional

Jun 11, 2007

Summit Mortgage introduces reverse mortgage divisionMortgagePress.comReverse mortgage division Responding to a growing number of Boston-area residents on the cusp of retirement, Summit Mortgage has announced the introduction of a reverse mortgage division. "It gives our clients financial independence and allows them to remain in their homes as long as they wish, without being forced to sell due to rising medical costs or other hardships," said Summit Mortgage CEO Richard S. Fedele. Summit Mortgage is a privately held mortgage banking firm based in Boston. For more information, call (888) 859-5181 or visit www.summitmortgage.com.

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Jun 11, 2007

People On The Move

Keeping Current Matters Names Ratiu Chief Economist

Held similar positions with Realtor.com and NAR.

Keeping Current Matters (KCM), a Richmond, Va.-based market insight education and content provider for the real estate industry, said Thursday it has named George Ratiu the company’s chief economist. George RatiuRatiu brings decades of experience...

Analysis and Data

Fannie Mae: Banking System Instability Could Cause Recession

ESR Group says housing activity expected to remain subdued.

The U.S. economy will not see a repeat of the 2008 financial crisis this year, but a “modest recession” is still on the horizon, according to the latest projections by Fannie Mae’s Economic and Strategic Research (ESR) Group. The ESR Group on Friday revised upward its first...