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Title II loans cannot be used for manufactured homes on leased land in manufactured home communities or mobile home parks. Down payments on a Title II loan can go as low as 3.5 percent, and terms ...
In 2014 Homebridge funded $6.36 billion in home mortgage loans, [7] and nearly $12 billion in its servicing portfolio. [8] The company increased its funded home loans 36% in 2015 to $8.7 billion. [9] Also in 2014, the company was ranked number ten on Mortgage Executive magazine's list of the "Top 100 Mortgage Companies in America". [10]
Since then, it has completed deals to acquire 7 different financial institutions in New Jersey, Philadelphia, and New York City. First was the acquisition of Colonial American Bank on July 31, 2015. [8] [9] Then, in January 2016, it agreed to buy Cape Bancorp, Inc. which was a bank with 22 branches and five loans offices, for $196 million. [10]
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PHH was founded by Duane Peterson, Harley Howell and Richard Heather in 1946 in Mount Laurel, New Jersey and incorporated in 1953 as a Maryland corporation [1] providing mortgage services, employee relocation services, fleet management services.
VA loan: The VA guarantees home loans for eligible U.S. military members (active duty, veterans and surviving spouses). These don’t require a down payment, though there is a funding fee .
1969: Plainfield Savings and Loan Association; 1973: Camptown Savings and Loan Association; 1977: Supreme Savings and Loan Association; 1991: East Jersey Savings Bank; 1995: five Carteret Federal Savings Bank branches; 2008: Summit Federal Savings Bank; 2009: American Bank of New Jersey, six Banco Popular branches in New Jersey [13]
Sales of new U.S. single-family homes dropped to the lowest level in nearly two years in October, likely as a rise in mortgage rates drove buyers to the sidelines and hurricane… People 25 days ago
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