First Guaranty Mortgage Corporation (FGMC) has announced that the firm has been named to Inc. Magazine’s 2014 Inc. 5000 list of the nation’s fastest-growing privately-held companies.
“First Guaranty Mortgage Corporation is honored to have made Inc. Magazine’s prestigious list of the nation’s fastest-growing privately-held companies for the very first time.” said Andrew Peters, chief executive officer of First Guaranty Mortgage Corporation. “Our incredible growth is a testament to our very loyal clients and more than 420 devoted employees. I am incredibly proud of FGMC’s accomplishments to date, and look forward to continued growth across all business channels.”
Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach
California voters have approved a $25 billion homebuyer financing initiative that could create new purchase mortgage opportunities for lenders and brokers, particularly those working with homebuilders.Proposition 37, which passed with more than 60% of the vote in the Nov. 3 ...
As investor purchases decline, DSCR loans capture a growing share of Non-QM lending, creating opportunities for brokers who understand the differences between lender programs
Real estate investors are buying fewer homes than they did a year ago, yet debt service coverage ratio (DSCR) lending continues to gain ground in the market. A big part of the reason is that DSCR loans are purpose-built for property investors. Agency loans qualify borrowers ...