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Access National Mortgage

Loan Modification, Short Sale, Foreclosure, Tax & Legal Ramification - Free Workshop: Don Jessup

First Public Event - Loan modification, Short Sale, Foreclosure, Tax & Legal Ramificaiton. Free Homeowner Workshop: April 18, 2009 - Saturday ...

Stearns invests in smaller mortgage bankers to build retail business

Stearns Lending is buying large equity stakes in smaller mortgage banking companies as it looks to grow its retail loan production business.

In the first of these transactions Stearns closed on its purchase of a 50.2% equity interest in Certainty Home Loans.

"Today's successful mortgage companies understand the power of economies of scale and combined resources," Stearns CEO David Schneider said in a press release. "Certainty Home Loans' strong retail, consumer-centric model, along with our wholesale, retail and strategic alliance sectors, allows us to provide our employees, customers and partners with industry-leading technology and resources that help the dream of homeownership become a reality. For Stearns Lending, the partnership helps accelerate the growth of Stearns' retail sales channel and broadens our geographic footprint."

Stearns is headquartered in Santa Ana, Calif.

The deal has been termed as a "shared equity partnership" by the two companies and is the first in Stearns' Preferred Partnership program. Plano, Texas-based Certainty Home Loans keeps its leadership, brand name and culture, but gets access to Stearns' technology and capital markets expertise.

Access National Corporation (ANCX) Moves Lower on Volume Spike for September 12

The stock has traded between $30.99 and $25.07 over the last 52-weeks, its 50-day SMA is now $27.98, and its 200-day SMA $28.31. Access National Corporation has a P/B ratio of 1.32. It also has a P/E ratio of 21.

Access National Corp provides commercial credit, deposit, mortgage and wealth management services to middle market businesses and associated professionals mainly in Greater Washington.

Headquartered in Reston, VA, Access National Corporation has 415 employees and is currently under the leadership of CEO Michael W. Clarke.

For a complete fundamental analysis analysis of Access National Corporation, check out Equities.com’s Stock Valuation Analysis report for ANCX .

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To get more information on Access National Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: ANCX’s Profile . For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk . Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

Why do you need to input national insurance number on mortgage application? UK?

I have had a mortgage app approved but I was just wondering why you have to input your national insurance number? Is there anything they can find out from the number itself? Would lenders have access to any records from the number?


Its just a way they can confirm who you are, they don't use it to gather any information so it isn't anything for you to worry about.