Florida industry appointments update - 6/13/2007

Jun 12, 2007

Equity Resources restores 100 percent LTV productsMortgagePress.com100 percent LTV sub-prime mortgage loans Equity Resources Inc. has announced the reintroduction of its 100 percent LTV/CLTV program, with 6 percent seller contributions and no payment shock. Under the old system, a maximum 3 percent seller contribution, as well as payment shock, was permitted. The new standards apply to purchase loans, refinances and debt consolidations. Equity Resources Inc. is a sub-prime and Alt-A lender based in Newark, Ohio. For more information, call (800) 270-7082 or visit www.stressfreeapprovals.com.

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Jun 12, 2007

Diversity & Inclusion

NAF Releases New White Paper On Empowering Diverse Communities

Addressing the racial homeownership gap and recommending industry-wide solutions

The overall homeownership rate across the US stands at 66%, with notable differences among racial and ethnic groups. New American Funding (NAF), the largest Latina-owned mortgage company in the U.S., is taking steps to close that homeownership gap by addressing systemic obst...

Analysis and Data

U.S. Economy Grew At 1.6% Rate In Q1

The slowdown comes at the same time that the Federal Reserve's efforts to combat inflation have halted.

Real gross domestic product (GDP) increased at an annual rate of 1.6% in the first quarter of 2024, according to the "advance" estimate released by the Bureau of Economic Analysis (BEA) today. In the fourth quarter of 2023, real GDP, a broad measure of goods and services pro...