HUD general counsel issues RESPA informal opinions
NetMore America Inc. secures $5.5 million in capital investmentsMortgagePress.comloan volume, warehouse lenders NetMore America Inc. announced it has obtained a total of $5.5 million in funds to date, including $3 million in capital secured during June 2008. NetMore will use the funds obtained in June 2008 to strengthen its balance sheet and as equity capital needed to increase its permissible loan volume with its warehouse lenders. NetMore also announced the appointment of Bill Prater, managing partner of Northland Capital LLC, to chair the informal advisory board of NetMore. Prater is the CEO of Leriot LLC, a management and organizational development firm. Prater co-founded and served as CEO of an investment banking firm for 18 years, has been involved in improving stakeholder relations and profitability in more than 80 companies, and has more than 30 years of experience in business development, finance, management, marketing and sales. NetMore America Inc. is a retail and wholesale mortgage lender based in Walla Walla, Wash. For more information, call (509) 526-4007 or visit www.netmoreamerica.com.