NexBank SSB introduces jumbo product

NationalMortgageProfessional.com

Nov 16, 2007

NexBank SSB has introduced a jumbo residential mortgage loan, ranging from $1.5 to $10 million. "For the last few years, rates have spiraled out of control, to the point that making home loans didn't make good business sense," said Davis Deadman, CEO and president of NexBank. "We've bided our time, waiting for the opportunity to make competitive loans to the right customers, and are now willing to fill the voice recently created by the turmoil in the credit markets, in order to best serve our customers." NexBank SSB is a bank based in Dallas. For more information, call (800) 827-4818 or visit www.nexbank.com.

Link copied

Published

Nov 16, 2007

Regulation and Compliance

Fed OKs 10th Rate Hike In 12 Months

Boosts federal funds rate by another 25 basis points.

In its efforts to battle stubbornly high inflation while also balancing the needs of an unsteady banking industry, the Federal Reserve on Wednesday decided to boost its benchmark interest rate by another quarter point. The announcement came at the conclusion of the Federal ...

People On The Move

BSI Financial Hires Mr. Cooper's President, COO

Industry veteran Harold Lewis will hold the same titles at BSI.

BSI Financial Services, an Irving, Texas-based mortgage operating platform, said Wednesday it has named Harold Lewis as its president and chief operating officer. In the newly created position, Lewis will be responsible for scaling BSI Financial's platform and delivering va...