Items Tagged with 'New Penn Financial'

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Two firms partner to launch new mortgage company

Joins list of brokerages entering mortgage industry
Real estate brokerage Jack Conway and lender New Penn Financial joined together to launch a new mortgage company in the Boston area. The brokerage explains the new benefit this joint venture will bring to its consumers, but could it also be painting a large target for the CFPB?
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New Penn Financial acquires Shelter Mortgage Company

Retail channel doubles in size
"We are extremely excited to become part of the New Penn family of companies and recognize the immediate value the relationship will bring, beginning with the diverse mix of Agency and Non-Agency products we’ll now be able to offer," said Shelter Mortgage Company CEO Marc McManus.
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New Penn Financial enters non-QM lending

Product appeals to high-end customers
New Penn Financial entered into the burgeoning non-Qualified Mortgage territory and introduced the Home Buyer Power product. The product appeals to high-end customers who may be paying expensive metro-area rents.
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From HW Magazine

Return of the correspondent lender

An uneven road lies ahead -- but at least there's a road to begin with
Gabe Medrano just started as the go-to guy for the correspondent lending division at NexBank, and already he is seeing something he doesn't like. In front of him early on a Thursday morning, on his computer monitor, the Dow Jones Industrial Average...
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