Mortgage banking firm Luxury Mortgage Corp., Stamford, Conn. has expansion plans underway in its retail unit. The company said it is adding 15 loan officers to its existing staff and has broadened its product mix, which it said includes Fannie Mae, Freddie Mac, Federal Housing Administration, reverse mortgages and commercial loans. The company said it has been able to grow despite the current market's challenges because of its past "prudent lending history" and avoidance of subprime lending as well as the recent rate decrease and more affordable home prices.
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