AmeriDream Inc., a downpayment assistance provider based in Gaithersburg, Md., has announced a partnership with the New Mexico Federation of Educational Employees to help teachers and educational employees become homeowners.Under the program, gifts of up to 10% of the purchase price of a home will be available to NMFEE members for downpayment or closing costs, AmeriDream said. The gifts do not have to be repaid. NMFEE members will also have access to the organization's DreamKeeper program, which offers a downpayment gift and five years of mortgage payment protection. AmeriDream can be found online at http://www.ameridream.org.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









