Review Mortgage Lenders

American Residential Mortgage

American Home Mortgage Servicing Inc SHORT SALE! - Phoenix, AZ Kelly Cook with the KC Real Estate Group, short sale experts in Arizona, discuss the steps of a short sale with ...

Flagstar's next RMBS backed by fewer conforming mortgages

Flagstar’s next offering of residential mortgage bonds is backed by a smaller proportion of conforming mortgages than its previous transaction, according to rating agency presale reports. This makes the deal slightly riskier, leading Flagstar to increase the credit enhancement.

The $487 million FSMT 2018-5 is backed by 726 fully amortizing fixed-rate mortgages with original terms to maturity of primarily 30 years. Approximately 33.2% of the loans are eligible to be sold to Fannie Mae or Freddie Mac; that’s down from 52% in FSMT 2018-4.

Nevertheless, the credit characteristics of the pool are generally consistent with those of recent prime transactions by Flagstar and others. The pool has a weighted average original FICO score of 763 and an original combined loan-to-value ratio of 69.7%.

Moreover, borrowers in the pool have liquid reserves, on a weighted average basis, that are higher than Flagstar’s prior deal: $228,000 vs. $189,000. And a larger percentage of the loans were used to purchase homes, rather than refinance them or acquire investment properties: 65.5% vs. 58%.

Hendersonville's Primary Residential Mortgage helps veterans in inaugural golf tournament

The Hendersonville location of Primary Residential Mortgage, Inc. (PRMI), one of the nation’s leading independent mortgage companies, held its first annual fundraising golf tournament and auction benefiting Homes For Our Troops (HFOT).

The event successfully raised money in support of HFOT, an organization dedicated to building and donating specially adapted homes for post-9/11 Veterans who have been severely injured in combat.

The team from PRMI's Hendersonville branch was initially drawn to the mission of HFOT, a national organization, because of its shared interest in helping people attain homes. However, when they learned of the local work HFOT was doing to help Veterans not only in the state of Tennessee, but specifically in Hendersonville, they knew they wanted to lend their support.

"Our goal at PRMI is to help families achieve the American dream through home ownership," said PRMI Division Manager, James Harper. "I can't express how much more it means when we can extend that assistance to our country's heroes right here in our own backyard. We feel incredibly privileged to join together with our community partners in support of an organization that dedicates itself to improving the lives of our Veterans one customized home at a time."

What do you think of illegal aliens and subprime loans impact on economy? topinion/opedcolumnists/illegal_aliens__ the_mortgage_mess_130482.

It is very, very correct. If you spoke Tex Mex and lived on the border, the illegal aliens bragged about the fact that the Government wanted them up here.. they gave them a house.