URL Expands Northeast Operations

San Diego-based National Asset Direct (NAD), will expand its United Residential Lending (URL) subsidiary by adding licensed mortgage bankers to Northeast offices in New York, New Jersey, Pennsylvania and Connecticut. “URL has been an extremely successful addition to our integrated, full-service platform, and we are eager to identify new retail branches that can build on URL’s strong warehouse lending and take-out lending relationships and further expand the company’s geographic footprint,” Jeffrey Kaplan, NAD president and CEO. NAD is a service provider to purchasers of performing and distressed residential mortgage loans and assets. URL is a mortgage bank that offers a full line of Federal Housing Administration (FHA), agency and jumbo loan programs in 19 states. Write to Austin Kilgore.

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31% of renters doubt they will be able to pay next month’s rent on time

About 2.1% of all renting households deferred rent for the previous month’s payment at the end of May. But the number of people deferring rent varies significantly by state, and overall, about 31% of renters have little to no confidence they will be able to pay next month’s rent on time.

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3d rendering of a row of luxury townhouses along a street

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