Patti Mazzara MMS
Vice President-Venture Development
Corporate Real Estate Benefits Director
Venture Introduction
Welcome to our corporate benefits site! We are excited to be able to share this unique program with you and your company. Let us demonstrate how it can be of value. Since 1995, we've been helping individuals and companies with their mortgage and real estate needs. Our goal is to be your mortgage and real estate benefits provider of choice. Only through your satisfaction will this goal be achieved. We understand customer service and would like to be on your team of benefit providers.
Real Estate News
Learn About the 2009 First-Time Home Buyer Tax CreditAttention potential home buyers! Take advantage of an $8,000 tax credit toward the purchase of a principal residence for first-time buyers on or after January 1, 2009 and before December 1, 2009. And to make the deal even better, the credit does not require repayment. It's all part of the American Recovery and Reinvestment Act.
New Tax Credit for First-time Homebuyers Available
A $7,500 tax credit is now available for any qualified purchase between April 8, 2008 and June 30, 2009, as part of the Housing and Economic Recovery Act of 2008.
Learn about the tax credit >
Understand the Housing and Economic Recovery Act >
Mortgage News
7 Banks SeizedThe Illinois Department of Financial and Professional Regulation, Division of Banking seized five small financial institutions. Another Illinois institution was closed by the Office of the Comptroller of the Currency. The Texas Banking Commissioner closed down a Dallas bank. The Federal Deposit Insurance Corporation, which announced the failures, was named receiver of all the failed banks.
Millions Released for Displaced CA Mortgage Workers
In February 2008, the U.S. Department of Labor announced a $5.6 million grant for the California Employment Development Department. The funds were targeted for career counseling, skills training and other employment and training assistance. The second of two installments has been released, according to a new announcement.
GMAC Restructured, Renamed
GMAC LLC converted from a limited liability company to a corporation, according to a filing with the Securities and Exchange Commission. As part of the transition, the firm was renamed GMAC Inc. "The conversion will facilitate implementation of the registration rights that GMAC has provided to its common and certain of its preferred shareholders," the filing said.
Mass. Crackdown on Mortgage Licensees
A report from the Commonwealth of Massachusetts Division of Banks indicated 7,747 loan originator licenses were received since the state began requiring the licenses. But tougher requirements by the state led nearly 2,000 of the applicants to either give up or be denied. The state has issued 377 formal and informal enforcement actions against licensed mortgage since 2006.
