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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Another month of steadily increasing home prices and insatiable demand led Fannie Mae’s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.
The housing market has suffered due to high material prices, spend-anything buyers & a lack of supply. A return to normalcy will require big changes. HW+ Premium Content