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
Refis to Drag Down 2010 OriginationsProjected refinance originations for this year are expected to be around 50 percent lower than last year, iEmergent reported. Around 3 million refinance transaction are forecasted for 2010. Purchase volume is expected to decline around 5 percent from 2009.
Further Deterioration in Jumbo Performance
Last month, Lender Processing Services Inc. reported that overall residential delinquency of at least 60 days climbed more than 10 basis points in December. Within prime loans, those with current unpaid principal balances between $417,000 and $600,000 have performed the worst," the LPS report said. Now, Fitch Ratings reports that delinquency of at least 60 days on securitized prime jumbo loans rose 40 basis points during January.
The Mortgage Leads Ledger
Tree.com said in its 2010 guidance statement that it expects national consumer refinance activity to be lower, which hurt revenue from both LendingTree Loans and the Lending Exchange. Kaleidico announced its lead management software was being integrated with Google's AdWords Comparison Ads feature. Home-Account Mortgage Engine was utilized by Refinance.com, an announcement indicated. Leads360 recently announced partnerships with PCLender.com and TARGUSinfo.
Ditech to Continue Advertising
The New York Post reported that Ditech had not advertised for almost two months. But parent GMAC Financial Services has issued a new statement re-affirming its commitment to the Ditech business. GMAC said it plans "a dynamic mix of marketing and advertising" for Ditech including direct marketing, digital advertising and television commercials.
