First Florida Launches DeadDeals.net

January 07, 2008, 2:00 p.m. EST 1 Min Read

First Florida Financial Group, Fort Myers, Fla., has announced the launch of DeadDeals.net, which purchases qualified "unclosable" mortgage and foreclosure leads from mortgage brokers and loan officers in Florida. DeadDeals.net pays from $50 to $500 for each lead, and its CashToolBox.com program fixes mortgage application problems that are preventing a loan approval and closing, First Florida said. Eddie Hoskins, president and chief executive officer of First Florida, said the new division enables mortgage professionals "to make some money on a deal where previously there was no revenue." The division can be found on the Web at http://www.deaddeals.net.

For reprint and licensing requests for this article, click here.

Mortgage technology

MORE FROM NATIONAL MORTGAGE NEWS

Artificial intelligence

AI marketing might create mortgage adoption hesitancy

Perceived risk among lenders may result from a struggle to fully understand what the technology can and won't do as advocates tout its efficiency and speed.

By Spencer Lee

9h ago
Litigation

CFPB tees up second funding battle with Supreme Court

Now that the Consumer Financial Protection Bureau has refused to request funding from the Federal Reserve System, many experts see the case making its way to the Supreme Court.

By Kate Berry

November 27
RMBS

Non-prime residential mortgages underpin $298.9 million in RMBS

If cumulative loss or a delinquency trigger event is in effect, then the deal will distribute principal among the class A notes before any principal allocation the class M1 or class B certificates.

By Donna M. Mitchell

November 26
Mortgage rates

Mortgage rates tick down for first time this month

After three consecutive weeks of increases, the 30-year fixed mortgage rate dropped 0.3 basis points to 6.23% this week, according to Freddie Mac.

By Colin McNamara

November 26
Originations

IMBs gain on sale is up, profitability isn't

Non-banks tracked by Morningstar DBRS reported combined net income of $367 million for the third quarter, down from $807 million three months prior.

By Brad Finkelstein

November 26
Federal Reserve

Does the Fed have an ethics problem?

Recent high-profile ethics violations by senior Federal Reserve officials, including new revelations concerning stock trades by former Fed Gov. Adriana Kugler, have sparked debate over the effectiveness of the central bank's oversight, even as some observers stress such cases remain rare.

By Maria Volkova

November 26