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U.S Mortgage Says Government Plan to Intervene with Banks Should Help Lenders

Frank Kuri, president of US Mortgage, commented on the government's plan to intervene with banks.

FOR IMMEDIATE RELEASE

PRLog (Press Release) - Nov 04, 2008 -
US Mortgage, a diversified mortgage products and services provider that offers net branch affiliate programs, commented today about how the latest United States Government plan to intervene with banks should help mortgage lenders with more options to provide their customers.

The news stemmed from President Bush taking the wraps off a historic and reworked financial-rescue plan, confirming that the United States will take equity stakes in nine banks, backstop virtually all non-interest-bearing bank accounts, and guarantee most new loans between banks. The White House plan marks the first such deep government intervention in markets since the Great Depression. (Fort Mills Times)

Frank Kuri, Vice President of Net Branch Development at US Mortgage Corp, says the intervention should help lenders offer more loan options to those looking to purchase and refinance homes.

About US Mortgage
Headquartered in Pine Brook, NJ, US Mortgage is a licensed mortgage banker founded in 1996. US Mortgage’s owners and principals founded West Jersey Community Bank, a de novo corporation, prior to the incorporation of US Mortgage. Sharing the vision of a national, multi-platform, mortgage banking organization, the company subsequently broadened the business with the formation of CU National Mortgage, a national provider of transparent mortgage services for credit unions; US Capital Markets, a secondary market resource to investors and sellers; Icon Residential Capital, a national wholesale lender and BranchLink, the branch affiliate program that is bringing US Mortgage to locations throughout the United States.

For more information, visit http://www.usmtg.com.

Frank Kuri
Vice President Branch Development
U.S. Mortgage Corp
19D Chapin Road
Pine Brook, NJ 07058
888-857-2274
fkuri@usmtg.com
http://branchlink.usmtg.com

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Contact Email:
Source:Pasch Consulting Group
Phone:732-842-4720
Fax:732-936-9243
City/Town:Wilmington
State/Province:Delaware
Country:United States
Industry:Finance, Mortgage, Real Estate
Tags:, , , net branch mortgage,
Last Updated:Nov 04, 2008
Shortcut:http://prlog.org/10136739
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