Monday, November 17, 2008

Good "Mortgage" News

NE Moves (Coldwell Banker's In House Mortgage Company) continues to be one of the most stable companies around. As an example, of the top 50 Mortgage Originators nationwide in 2006 only 18 are still operating as they were at that time. 15 companies who were on that top 50 list have closed! Of the other 17, a number have been acquired, while others either exited portions of the business or are currently in distress.

NE Moves, has been profitable all year. They are an island of stability in a very difficult sea of change.

NE Moves have money to lend! I am continually amazed at the press coverage that indicates that there is no mortgage money available.

Interest rates remain attractive. Housing prices are down and, therefore, more affordable. This is a great time to buy a house.

----in a note from William M. Mullin, President of NE Moves Mortgage

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