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
Homeownership, Stable Communities LinkedNAR's new report explores the impact of stable housing and the positive social outcomes resulting from homeownership.
Visit HouseLogic: NAR's New Consumer Site
At HouseLogic, not only will you find all the information and tools you need to protect, maintain, and enhance the value of your home, but you'll also get tips on buying and selling a home.
Resources for Home Owners >
Resources for Home Buyers and Sellers >
Learn About the 2009 First-Time Home Buyer Tax Credit
Attention 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
2010 Bankruptcies Top 1 MillionConsumer bankruptcy filings during August fell 8 percent from July, the American Bankruptcy Institute reported.
The decline followed a bounce in July.
Year-to-date Aug. 31, 2010, filings totaled 1,034,843.
Public Debate on Revisions to FHA Guidelines
The public was invited on July 15 to comment on three U.S. Department of Housing and Urban Development initiatives designed to help restore the Mutual Mortgage Insurance Fund capital reserve account.
More than 900 comments were received by the comment deadline on Aug. 16, a public filing Friday said.
The "overwhelming majority" of the comments addressed the proposed 3 percent limitation on seller concessions.
Reverse Originations Gaining Steam
The U.S. Department of Housing and Urban Development reported last week that reverse mortgage originations climbed to 5,901 loans for a maximum claim amount of $1.5 billion in July from 5,304 loans endorsed for $1.3 billion a month earlier.
It was the second month in a row of gains.
In August, according to the Reverse Market Insight newsletter, reverse mortgage production increased 13 percent.
Wachovia Vs. WaMu Debated by Regulators
In an appearance before the Financial Crisis Inquiry Commission, regulators testified about the why there was disparate treatment in the resolution of Washington Mutual Inc. and Wachovia Corp.
The Federal Deposit Insurance Corp.'s chairman said the FDIC had known for months that WaMu was in trouble.
But with Wachovia it didn't know until very late in the game how dire the situation was.
In addition, Wachovia was deemed systemically important.
