Skip to main content

Richard Bitner releases book on sub-prime market collapse

Apr 16, 2008

Lend America offers stimulus package aimed at borrowers MortgagePress.comFHA, stimulus package, consumer assistance Lend America has announced, in conjunction with the new Federal Housing Administration (FHA) higher loan limits now in place, the launch of an additional stimulus package to provide further assistance to consumers dealing with the current mortgage crisis. At the end of 2007, nearly three million homeowners were behind on their mortgages, according to the Mortgage Bankers Association, and Lend America's stimulus package is a proactive response to help these struggling borrowers. Michael Ashley, chief business strategist of Lend America said, "Against a backdrop of lower interest rates, this increase in FHA loan limits is a significant development for both consumers and communities struggling with the current credit crisis and the worst housing slump in more than two decades." Lend America is now licensed to do business in 33 states, recently entering Oregon and New Hampshire, and anticipates being approved to originate in 14 additional states. This stimulus package is designed for FHA refinances. Homeowners who refinance with Lend America using FHA financing will receive a $1,200 housing stimulus closing cost credit, or in some cases, cash at closing. Melville, N.Y.-based Lend America is a privately-owned residential mortgage lender. For more information, call (800) 227-0114 or visit www.lendamerica.com.
About the author
Published
Apr 16, 2008
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
HUD Secretary Halts Equal Access Rule Enforcement

HUD to be transformed 'in His own image'

Feb 10, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025
Homebuilders Cheer Delay Of Trump Trade War

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Feb 04, 2025