HOPE NOW: Mortgage lending industry prevented nearly 240,000 foreclosures in December – NMP Skip to main content

HOPE NOW: Mortgage lending industry prevented nearly 240,000 foreclosures in December

National Mortgage Professional
Jan 28, 2009

Lenders One member reaches new level in charitable giving: Mortgage Research Center raises more than $100,000 for local United WayMortgagePress.comLenders One Mortgage Cooperative, Mortgage Research Center, charitable giving, Heart of Missouri United Way No matter what the headlines might say about the mortgage industry, one member of Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, not only grew its business in 2008 but also increased its charitable giving for the year. Columbia, Mo.-based Mortgage Research Center (MRC), a company that specializes in government-backed financing, raised $100,000 for its local United Way. This is in addition to the company's annual donations to a variety of military causes. "MRC has always been a charitable company, with our primary focus on supporting multiple military organizations," said Nate Long, MRC's CEO. "This year, however, we wanted to concentrate on our immediate community and see our money at work; partnering with the Heart of Missouri United Way made perfect sense. Not once has MRC set goals or standards for corporate giving, but when there is a need, we see an opportunity to let our employees respond." After just a few hours of announcing MRC's decision to help Heart of Missouri United Way, employees already had pledged approximately $30,000. The total donations for the year exceeded $47,000, of which the company matched to reach $100,000. "The success of this fundraising reflects the character of our employees," Long continued. "We held no special events or projects the money came straight from their donations. It is just a great feeling when you have something to give to someone else who is in need." While VA lending is part of MRC's business, caring for military families goes beyond just getting them in a home. In addition to the company's United Way giving, other funds were donated to the Paralyzed Veterans of America, an organization that works to maximize the quality of life of those with spinal cord injury or dysfunction, and to the National Coalition for Homeless Veterans, a nonprofit devoted to end homelessness for those who have returned from war. MRC giving did not stop there for military related causes. The company also rewards five $1,500 scholarships to college students every semester. Students who serve in the military or are children of those who have served are eligible to apply. The recipients are selected based on their responses to a series of essay questions. MRC had more than 1,200 applicants this past semester. "With so much of the media focusing on the challenges and failures of the mortgage industry, it is refreshing to hear a story that is filled with success and selflessness," said Scott Stern, CEO of Lenders One. "And this is just one out of many in the industry. MRC is one of our newest members, and Lenders One is eager to assist the company in growing its presence as FHA and VA demand continues to grow." For more information, visit www.lendersone.com or www.mortgageresearchcenter.com.
Published
Jan 28, 2009
Atlanta Real Estate Agent Sentenced For Running Multi-Year Mortgage Fraud Scheme

So far, up to 11 people have plead guilty in Federal Court to the multi-year mortgage fraud scheme, which netted more than $21 million in fraudulent mortgage loans.

Industry News
Jan 24, 2022
Crypto-Craze In The Mortgage Industry

'It’s time to tell the Emperor he has no clothes.'

Industry News
Jan 24, 2022
What Millennials Want from the Homebuying Process

Research backs the need for education and technology in creating the kind of efficient, customer-focused homebuying experience younger consumers expect.

Analysis and Data
Jan 24, 2022
Ross Mortgage Makes Three Leadership Promotions

Ross Mortgage Corporation's president, Tim Pascarella, announced three leadership promotions within the company.

Community
Jan 24, 2022
Rising Mortgage Rates Could Propel Buyers To Purchase Homes Sooner

First American Financial Corporation published its Nov. 2021 First American Real Estate House Price Index, which found that rising mortgage rates may have a strong effect on prospective buyers.

Analysis and Data
Jan 24, 2022
PenFed CU Sees Record Annual Mortgage Lending Volume

PenFed Credit Union announced it's financial highlights from 2021 which includes record annual mortgage lending volume.

Industry News
Jan 21, 2022