Tag Archives: Mortgage

Once Again, Red Mortgage Capital, LLC Finances Nations Largest FHA 221(d)(4)

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COLUMBUS, OH (PRWEB) October 16, 2012

Red Mortgage Capital, LLC, the mortgage banking arm of RED CAPITAL GROUP, LLC and provider of the most FHA insured multifamily loans nationally in HUDs FY 2012, announced today that it recently provided $ 190,753,100 of non-recourse construction and permanent financing with a 42-year term to Lincoln Place, an apartment community which will be substantially rehabilitated in Southern California. The loan represents the largest FHA Section 221(d)(4) unsubsidized loan ever insured by the U.S. Department of Housing and Urban Development and the 4th largest outstanding GNMA Security in the nation.

Lincoln Place, being redeveloped by Apartment Investment and Management Company (Aimco), is located less than 1.5 miles from the Pacific Ocean in Venice, California, and will consist of the rehabilitation of 696 multifamily units, and construction of an additional 99 units, a 5,033 square foot leasing center and a 6,100 square foot recreation and pool area on approximately 35 acres.

Originally developed between 1949 and 1952, Lincoln Place was conceived at that time as a Section 608 Project per the FHA guidelines for rental housing developments, which suggested:

Titan List Announces Their Q4 Trend Highlights Which Focus on Generating Referrals From Direct Mail Mortgage Marketing

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Deerfield Beach, FL (PRWEB) October 17, 2012

Titan List and Mailing Services, Inc., a well-established mortgage marketing agency, has recently announced their Q4 Trend Highlights, which focuses on the significant amount of referrals that are generated from direct mail marketing campaigns. The companys Director of Marketing, Jared Braverman, discussed how trigger leads and credit driven data are being used to target candidates that meet underwriting guidelines and also have an added bonus of generating referrals.

Sharing some important details about the direct mail campaign, Mr. Braverman explained that it is not limited to people who qualify for referrals. It is valid for everyone who may or may not meet the underwriting guidelines. People mention the ad to someone else who may be in the market for a refinance. For instance, on a 5000 mail piece campaign with 50 calls, of which they close a minimum of 10 deals, they can extract a potential 100 new referrals simply by asking for them at the time of the call, Mr. Braverman explains.

Since 2001, Titan has reached new heights of success by servicing a record number of mortgage customers. Titans records show a consistently elevating number of mortgage customers and clients. During this period, Titan has been continually expanding their print and mail volume, culminating in recent milestones of more than a million direct mail advertisements being printed and mailed in a single month. According to Mr. Braverman, such remarkable performance and profits were not possible without the proper incorporation of direct mail marketing.

Highlighting one of the major advantages of direct marketing, Mr. Braverman explained that unlike radio, tv, or other print advertisements, direct mail can leverage data lists which are based on well researched data. Due to this reason, the advertisement is delivered to people who are actually in need of the service. Direct mail for mortgage marketing has proven to not only be effective at finding pre-qualified candidates, but also generating a substantial number of referrals, Mr. Braverman added.

In the end, Mr. Braverman affirmed that Titan will continue to focus on leveraging the best data lists paired with direct mail to deliver consistent results for Titan clients. For more information about Titan List and Mailing Services, Inc., you can visit their website http://www.TitanLists.com.

About Titan List and Mailing Services, Inc.

Titan List and Mailing Services, Inc. is a direct marketing agency that offers a complete range of advertising and design services. The firm specializes in data lists (mail/phone), printing, direct mail, graphic and website design as well as internet and SEO marketing. Starting in 1998, the company has, since then employed highly skilled individuals who have considerable experience regarding marketing trends. The company manages the complete in-house campaign including design, data lists, printing, postage, and mailing.

For further information, you can contact them using the details given below.

Web: http://www.TitanLists.com

Phone: 1-800-544-8060







Retirees burdened with mortgage payments

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(PRWEB UK) 13 July 2012

Research by http://www.TheRetirementCentre.com reveals a staggering 21% of retirees are still paying off their mortgage each month, placing a significant strain upon their retirement income whilst they continue to make their monthly repayments.

The research revealed an average outstanding mortgage balance of

Esteemed Bank Executive Says Interbank Competition is the Cause for High Australian Mortgage Rates and Not the Euro Debt Crisis

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Perth, Western Australia (PRWEB) June 13, 2012

The Mortgage Gallery Rockingham, in light of new reports showing that high interest rates are caused by the competition of banks, has announced that it is improving its roster of products and services, including its home loans in Kwinana and Rockingham, as well as its Cockburn home loans.

In a statement released by Cameron Clyne, the chief executive of National Australia Bank (NAB), the debt crisis in Europe is not the one which should be blamed for the upsurge in mortgage rates in Australia. Instead, he said that it is the fierce competition between banks which have raised interest rates accordingly.

“What is happening in Europe is not having an impact on our cost of funding today because we can always sit out of the [wholesale debt] market for a period,” Clyne said.

In its latest move, NAB lowered its deposit rates by 50 basis points which is equivalent to the rate cut imposed by the Reserve Bank of Australia on May. But other banks have maintained their high deposit rates in the hope of capturing a wider share of the savings market.

The NAB chief executive, aside from being known as the designer behind the breakup marketing strategy, is also known for his decision to avoid billions of dollars worth in write-downs when he closed the NAB Capital and instead traded out collateralised debt obligations, as well as refusing to take a write down of the British operations of his bank.

In defending his moves, Clyne said: “The only person that benefits from writing off the UK is me. If you took a $ 3 billion to $ 4 billion loss, that is a real loss of wealth to shareholders and people tend to forget it is a genuine hit.”

But the NAB executive admits that his actions that were meant to balance the interests of investors, the government and customers, may not be entirely accepted by others. In addition, he says that all the debate about imposed interest rates will not help at all.

Clyne said, “I am not defending bank profits. If society thinks our profits should be half [what they are], I don’t have a problem as long as we also debate what the implications would be in terms of ratings and dividends and access to overseas money.”

With its strategies designed to deviate from the norms in the industry, NAB has been getting much attention from the market which is considerably good news for the institution, considering that the banking industry, as a whole, received wide public disapproval.

As of this time, NAB is the first bank to have put down fees, thereby winning over the support of the public. Concurrently, it has also committed itself to providing the lowest mortgage rates, as well as lesser rack-rate discounting.

In accordance with these developments, The Mortgage Gallery Rockingham has declared that it will continue working with leading lending institutions that can provide reasonable and affordable home loans in Cockburn, Rockingham, Kwinana and other similar transactions within the greater Perth area – all for the benefit of its current and prospective clients.

The Mortgage Gallery Rockingham is a mortgage broking firm composed of reputable and efficient mortgage brokers in Rockingham, Kwinana, Cockburn and other Perth areas. If you want to make inquiries, do not hesitate to give them call at (08) 9527 1800 or you can visit their site at http://www.themortgagegalleryrockingham.com.au/







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