Norcom Mortgage Expands Into Towson, Md.

Dec 02, 2013

Clifton Rhea has been named branch manager at Norcom Mortgage's latest office, now open in Towson, Md. "I am thrilled to have Clifton join the team and be our leader in the Maryland market," said Norcom owner Philip DeFronzo. "As Norcom continues to expand into new states, it's an asset to have capable managers who share our company vision." Rhea has more than 16 years of experience in the mortgage industry.

About the author

NationalMortgageProfessional.com

Link copied

Published

Dec 02, 2013

Analysis and Data

Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Fewer Canadians are searching for houses in the United States, thanks in large part to the tariffs put on their country by the Tramp Administration and the resulting worsening relations between the two countries. According to Redfin, 26% fewer Canadians searched for homes...

Regulation and Compliance

Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Mortgage lenders working with Fannie Mae and Freddie Mac can now choose to use Vantage Score 4.0, while still keeping tri-merge credit checks on borrowers. “Effective today,” Federal Housing Finance Agency (FHFA) Director William J. Pulte posted on X this morning, “to in...