American Financial Resources Inc. (AFR Mortgage) has announced they are launching a new Federal Housing Administration (FHA) correspondent residential mortgage lending division that will purchase closed loans from selected FHA direct endorsed lenders. "There is a real need to provide this type of service to the midsize mortgage banking community," said Richard Dubnoff, chief executive officer of AFR. "The AFR Mortgage Correspondent Lending Division will be a trusted source for the secondary market". AFR will be one of the few secondary investors in the country to purchase FHA insured loans on manufactured homes.
For more information, visit www.afrwholesale.com.