FOR IMMEDIATE RELEASE
Press Contact: Lynda Beighley
(973) 656-3316
lbeighley@weichertrealtors.net
WEICHERT FINANCIAL SERVICES AMONG NATION’S TOP MORTGAGE LENDERS
MORRIS PLAINS, N.J. – May 16, 2006 – Weichert Financial Services continues to rank among the leading mortgage lenders in the U.S.
In an industry survey tracking the mortgage volume of major loan originators for the first quarter of 2006, the Weichert company placed within the “Top 50” lenders doing business with the federally chartered Freddie Mac and Fannie Mae. Weichert Financial Services ranked 33rd nationally with Freddie Mac and 45th nationally with Fannie Mae, according to Inside Mortgage Finance, a key mortgage industry newsletter.
“We welcome these top rankings, which document the high volume of business we do,” said Fred Watkins, president of Weichert Financial Services. “However, what’s most important to us is our goal of offering personalized, attentive service and a wide range of mortgage options to each customer – one at a time.”
An affiliate of Weichert, Realtors®, Weichert Financial Services offers over 360 mortgage products to help ensure that prospective home buyers will find just the right fit. Its mortgages range from traditional fixed-rate loans to non-traditional, adjustable-rate mortgages, such as the interest-only loans favored by buyers seeking to maximize their purchasing power. No-down-payment loans are available to buyers with little savings but sufficient incomes to handle monthly mortgage payments. Weichert Financial Services was among the first lenders in the nation tapped by Fannie Mae to offer a fixed-rate mortgage that makes homeownership more affordable by extending payments over 40 years.
Weichert Financial Services’ mortgage representatives, called Weichert Gold® Services Managers, serve Weichert, Realtors’ offices and are available to provide mortgage credit approvals and help prospective home buyers weigh the various financing options available to them. For a free Affordability Analysis, prospective home buyers may stop by any local Weichert office or call 1-800-837-4577.
Most mortgage loans in the U.S. are eventually sold to Freddie Mac and Fannie Mae, which operate under Congressional mandates to increase the availability of mortgage money. The two companies purchase mortgages from lenders and re-package them as securities for private investors, thereby freeing up funds for financial institutions to re-lend to new borrowers.
Weichert has more than 18,000 sales associates in over 415 company-owned and
franchised sales offices in key markets throughout the U.S. A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. For more information, call Weichert's customer service center at 1-800-USA-SOLD or visit Weichert's Web site, www.weichert.com. Each Weichert franchised office is independently owned and operated.
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