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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
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