AFR Mortgage launches FHA correspondent division – NMP Skip to main content

AFR Mortgage launches FHA correspondent division

May 19, 2010

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.
About the author
Published
May 19, 2010
Rocket Raises Conforming Loan Limit To $845K Ahead Of FHFA

The higher limit gives brokers more room to keep borrowers from crossing into jumbo territory

Sep 10, 2026
Rocket Pro Launches ‘Moving Squad’ To Recruit Brokers From UWM

Rocket is offering partners up to $10,000 to help bring UWM brokers onto its platform

Sep 01, 2026
NEXA, UMortgage Leaders Explain What Drove Acquisition

Kortas relinquishes the CEO title, elevating Casa to co-equal "executive partner"

Aug 31, 2026
Warsh Sees Housing Strain, Keeps Rate Hikes In Play

Fed chair says broader financial conditions remain loose, inflation is too high, and markets should expect less guidance on what comes next

Aug 31, 2026
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

Aug 13, 2026
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026