Lend America, a privately owned, direct-to-consumer lender based in Melville, N.Y., says it has received approvals to issue Ginnie Mae mortgage-backed securities. Lend America chief operating officer Helene Decillis said the approval will allow the lender to obtain "better prices for our mortgages in the secondary market, thereby funding our ability to create additional loans to qualified, potential homeowners with more competitive terms." Lend America has specialized in Federal Housing Administration lending for several years. When the market turned in the FHA's favor, its business increased dramatically. Lend America can be found on the Web at http://www.lendamerica.com, and Ginnie Mae can be found at http://www.ginniemae.gov.
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