Apr
16th

About Wachovia Wholesale Mortgage Lending

Wachovia’s Wholesale Mortgage Lending Group is a leading wholesale lenders in the United States And the consequent pricing competitive, flexible solutions mortgage, action and service to customers of companies highly skilled, closers, and account executives Wachovia set aside.

In announcing the Wachovia Mortgage INSITE

This interactive, secure Web site makes doing business with Wachovia easy and rewarding.

With INSITE, you can:

* Upload applications with ease
* Immediately view and print their confirmation of the rate lock
* View the status of all their loans in process
* Calculate current pricing on any loan scenario
* Search products online quickly and view details

INSITE provides a one-stop, fully automated Web site that gives you the tools to better serve its customers.
Higher loan programs

* Wide range of first mortgage loans, ALT-A, agency and non-agency eligible to buy, refinance, receivables, and the consolidation of debt
* Reducing the available documentation on programs of the agencies, as well as the ALT-A
* DU Government and sponsorship

Flexible Pick-a-Payment Loans
Wachovia Wholesale Mortgage Lending also offers the popular Pick-a-payment loan options including:

* Flexible monthly payment options that give customers greater control over cash flow
* Availability of adjustable and fixed rate mortgages (ARM)
* Fixed Rate Option in ARMs

How to Become an Agent Approved
Approval Process of agencies, government and the first table jumbo mortgages financed through Wachovia Mortgage, FSB.

Where in the world is Wachovia Wholesale Mortgage Located?

Apr
14th

Countrywide Wholesale Lending Profile

Why Countrywide

Countrywide was founded in 1969 with a pledge to break down the barriers to owning a home. Today Countrywide, America’s # 1 Home Loan Lender, has helped millions of families find ways to meet their needs for home ownership, whether buying a first home or refinance their current loan. We say, and I think that by demonstrating that every day: You can not do what Countrywide Can.SM Learn more about what our home loan customers.

Countrywide has a long-standing commitment to reducing the barriers to home ownership and education of consumers. H.O.M.E. (Home Mortgage Property Education) is Countrywide’s financial literacy program designed to provide the knowledge they need to help achieve and maintain home ownership.

Loan Product

Refinancing
Countrywide has refinance mortgage solutions that might be able to use for debt consolidation or access cash from the equity that may have built up in your home. Refinancing loans can be used to help many personal financial situations such as reducing monthly payments, home improvements, college tuition and more. Call today Countrywide or learn more in our section of countrywide.com refinance.

Home Equity
Home Equity Loans and Home Equity Line of Credit (also known as HELOCs) is fixed or variable interest rate solutions to get cash available for equity in your home. This equity could be used for any purpose as making home improvements, debt consolidation, vacations, or unexpected. Call today for a free consultation of an expert loan Countrywide of origin or visit our Home Equity Line section to use calculators and mortgage loans for house purchases rate tools.

Purchasing
If you are a first time home buyer or trade up to a larger home, Countrywide is working to find the best solution home loan for you. With new products for the home, as well as shopping, secondly, holiday homes and investment, we can help. Learn more online or call now and ask about our payment options not.

Reverse Mortgages
Countrywide Bank, FSB and Countrywide Home Loans, Inc. - have joined together to offer products through reverse mortgage Countrywide Bank. Education is crucial and Countrywide is committed to helping the elderly and make decisions to understand their options for loans for house purchases. Reverse Mortgage Visit our website for more information.

Multi-Family and Commercial Loans
With fixed rate and commercial loans of $ 500000 to $ 1 billion.

Countrywide Licenses and Registrations

Countrywide Financial Corporation is the publicly-owned (NYSE: CFC) parent corporation and umbrella organization for the Countrywide network of financial services companies. It is a member of the Standard & Poor’s and Fortune 500. Countrywide Financial offers a full range of financial services through our family of companies — home loans, banking, insurance, investments, closing services and more. These companies and required licensing and registration disclosures are described below.

Countrywide Home Loans, a Division of Countrywide Bank, FSB

Equal Housing Lender. © 2008 Countrywide Bank, FSB, Countrywide Home Loans Division. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.

Countrywide Bank, FSB

Countrywide Bank is a federal savings bank regulated by the Office of Thrift Supervision. Accounts with Countrywide Bank are FDIC insured.

Equal Housing Lender. © 2008 Countrywide Bank, FSB, 1199 N. Fairfax St., Suite 500, Alexandria, VA 22314. Trade/servicemarks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.

Countrywide Mortgage Ventures LLC

Equal Housing Lender. © 2008 Countrywide Mortgage Ventures, LLC, 27001 Agoura Road, Suite 200, Calabasas Hills, California 91301. Trade/servicemarks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Georgia Reg. #18970, Illinois Residential Mortgage Licensee (# 6576) by the Office of Banks and Real Estate, Mortgage Banking Division, 310 South Michigan Avenue, Suite 2130, Chicago, IL 60604, (312) 793-1409; Massachusetts Mortgage Lender License No. ML 2294; this is not an offer to enter into an interest rate lock-in agreement under Minnesota law; Licensed by the New Hampshire Banking Department; New Jersey (818) 313-6526, Licensed Mortgage Banker, NJ Department of Banking and Insurance; Licensed Mortgage Banker, NYS Banking Department, 1 North Broadway, Suite 120-S, White Plains, NY 10601; Registered with the Pennsylvania Banking Department; Rhode Island Lender’s License.

Countrywide Home Loans’ Wholesale Lending Division dba America’s Wholesale Lender®

Equal Housing Lenders. © 2008 Countrywide Financial Corporation. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.
Countrywide Home Loans, Inc., 4500 Park Granada, Calabasas, CA 91302: Arizona Mortgage Banker License Number BK 0903163; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Georgia Reg. #5929; Illinois Residential Mortgage Licensee (#4360) by the Office of Banks and Real Estate, Mortgage Banking Division, 310 South Michigan Avenue, Suite 2130, Chicago, IL 60604, (312) 793-1409; Massachusetts Mortgage Lender and Mortgage Broker License No. MC 4830; Licensed by the New Hampshire Banking Department; New Jersey (818) 313-6526, Licensed Mortgage Banker, NJ Department of Banking and Insurance; Licensed Mortgage Banker, NYS Banking Department, 333 Earle Ovington Blvd., Suite 101, Uniondale, NY 11553; Registered with the Pennsylvania Banking Department; Rhode Island Lender’s License.

Apr
14th

Washington Mutual Named Top Conventional Wholesale Lender

Washington Mutual (NYSE: WM) is the top conventional wholesale mortgage lender in the nation for the fourth quarter of 1999.

According to the March 2000 Origination News, Washington Mutual’s market share rose to 10.03 percent in the fourth quarter, compared with 7.29 percent in the third quarter.

The company originated $ 5.2 billion in mortgage loans by more in the fourth quarter, a 20 percent gain over the fourth quarter of 1998. Washington Mutual was one of only five companies to post increases in the wholesale conventional loans during that period.

“Nationally, more than one in ten loans originated by mortgage brokers were funded through our wholesale division,” said Eric Spence, Washington Mutual senior vice president for wholesale and correspondent lending. “Brokers across the country recognize the value and flexibility of our extensive line of mortgage products can provide for their customers.”

To accommodate its growth, Washington Mutual added 40 to his account of the office directors in the past year, adding new offices wholesaler in Michigan and Connecticut.

“By expanding our distribution, we can maintain our dominant position as the leading provider of ARM while establishing ourselves as a major provider of fixed-rate mortgages,” said Spence. “The combination of a competitive product portfolio and a fixed rate products will ensure our ability to maintain our first line in all market cycles.”

With a history dating back to 1889, Washington Mutual is a financial services company that provides a diversified line of products and services to consumers and small and medium enterprises. At December 31, 1999, Washington Mutual and its subsidiaries had assets of $ 186.51 billion. Washington Mutual currently operates more than 2000 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation.


Washington Mutual Brief History

Washington Mutual was founded as the Washington National Building Loan and Investment Association on September 25, 1889, in an attempt to save the economy from Seattle after a fire nearly destroyed the city. The newly formed company made its first loan mortgage the house on the west coast on February 10, 1890. Its name was changed to Washington Savings and Loan Association of June 25, 1908. During the First World War, its assets would expand by 68%.

For now called Savings Bank of Washington Mutual, the company made its first acquisition of July 25, 1930, through the purchase of Continental Mutual Savings Bank. Over the next fifty years, it would be a pioneer in which networks of ATM and telephone banking.

His motto of marketing much of its history was “Friend of the Family”.

In 1983, Washington Mutual bought the brokerage firm, Murphey Favre, and demutualized. Today, operations at the New York Stock Exchange under the symbol WM. In 1989, its assets have doubled.

In March 2006, Washington Mutual began to move into its new headquarters, WaMu Center, located in downtown Seattle. The company’s previous headquarters, Washington Mutual Tower, still stands about one block from the new building on Second Avenue.

In August 2006, Washington Mutual began using the abbreviation official WaMu in all but the legal point of view.

In December 2007, Washington Mutual announced a reorganization of its division of loans for house purchases which resulted in the closure of 160 of its 336 offices housing loans. This led to a loss of 2600 jobs in its home loan staff (22% reduction).

In April 2008, Washington Mutual, in response to the losses and difficulties sustained as a result of the crisis in the mortgage of the house 2007-08, announced an infusion of $ 7 billion in new capital by new investors led by TPG Capital, formerly Texas Pacific Group. TPG will pump $ 2 million into WaMu others so far-unidentified investors, including some WaMu current institutional holders, is buying an additional $ 5 billion in new share issues. The company 3000 people will lose their jobs and will close its remaining approximately 186 independent offices loan at home, including 23 in the State of Washington and a loan processing center in Bellevue. It will also stop the purchase of loans from outside mortgage brokers - known in the trade as “wholesale loans.”