New Fed Mortgage Expands Lending Coverage on the East Coast into Virginia

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We are asking our examiners to dig deeper into loan portfolios to understand the risks individual institutions are assuming,” he said in a speech to the New York Bankers Association. “One of the risks we are closely monitoring involves the proliferation of alternative or nontraditional mortgage lending products,” Reich said.

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I have personally used New Fed Mortgage on the purchase and later refinance of my home and as a REAL. TOR I recommend New Fed Mortgage to my customers and clients as well. The customer service is excellent and the mortgage specialists work hard at getting the best rate and best loan package for each individual situation. See More

New Fed Mortgage, a Freddie Mac seller servicer, will be looking to create more lending opportunities in Virginia along with other states in the Mid-Atlantic region and on the East Coast. About New fed mortgage corporation: New Fed Mortgage has specialized in residential retail mortgage lending since 2001.

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Using one of this White House’s preferred strategies for policy changes, Obama also announced new commitments from the private sector. Wells Fargo, CitiMortgage, Bank of America, Ocwen Loan Servicing.

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