Gold Star Mortgage has announced that it is currently the leader for government loans in Wayne County, Mich., with a market share of 7.55 percent, followed by Bank of America with 6.97 percent. Wayne County, Mich. has a population just under two million people, ranking it as the 13th most populous county in the United States.
“Wayne County was hard hit by the economic recession and many lenders have left the area due to decreasing home values, which allowed us to step in to help borrowers who were having mortgage trouble,” said Daniel Milstein, chief executive officer of Gold Star. Gold Star has also expanded its financial services division to take in more clients who were turned away by other lenders and brokers, including those with damaged credit and those with upside-down mortgages. “One of our primary goals is to offer unsurpassed financial advice to those seeking to obtain their dream home or simply better mortgage terms; some of the most touching letters that I have ever read come from our clients that we were able to put into their first home,” Milstein said.
Gold Star Mortgage also reported increased market shares in Southeast Michigan (from 3.2 percent to 4.05 percent) and in its corporate backyard, Washtenaw County (increased market share to 6.66 percent).
For more information, visit www.goldstarfinancial.com.