New York's Preeminent Mortgage and Real Estate Finance
Professionals
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A strong and genuine belief in the "customer for life" principle of doing business is what fuels this company. Referrals from previous customers and local real estate professionals have always delivered the majority of the Company's production. |
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From the comfort of your own home, you can find out how much house you prequalify for, apply online and begin to gather the documents you'll need to get your loan approved. It's that easy!
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The Richland Group
551 Fifth Ave., Ste. 1620
New York, NY 10176
Office Phone: (212) 681-9888 Fax: (212) 681-9892
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| The Richland Group |
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The Richland Group is proud to announce that it has expanded its office to better serve its clientele and to accomodate the market more efficiently. The company's new office space at 551 Fifth Avenue, has moved to suite 1620. According to the President, Richard Russell, the new 1,700 square foot -state of the art office- that now houses seven employees will now better serve the public's needs as New York's preeminent, "boutique broker".
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 Mortgage News Daily
Treasury Auctions Done. Bonds Cautiously Resilient as Stocks Repeat History - 11 hours ago
Posted To: MBS CommentaryTreasury just sold $29 billion 7s to a group of uninterested buyers... Auction demand as measured by the bid to cover ratio was below average. 2.78 bids were submitted for every 1 accepted by Treasury. Compare that to the ten auction average of 2.81 and the five auction average of 2.86. 25.6% of the issue was awarded at the high yield of 2.394%. This was 2.1bps above the 1pm "when issued" bid, a sign that buyers were looking to pay a little less than they did. Primary dealers took down a much greater award than usual, which explains why the high yield tailed. 48.8% of the issue and 25.1% of what they bid on. Both metrics are above average. This is not indicative of strong buyside demand. Directs were awarded 8.9% of the competitive bid. That makes them 0 for 3 this week. Indirects...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Fannie Mae Preps Investors for Reform. Book of Business Reflects Tight Credit Conditions - 12 hours ago
Posted To: MND NewsWireIn the wake of the passage of Wall Street Reform, which many opponents have criticized Capitol Hill for failing to deal with the future of Fannie Mae and Freddie Mac, the Obama Administration is beginning to present the broad outlines of how the future of the GSEs will be determined. In a letter released Tuesday , David H. Stevens, acting commisioner of the FHA, said that the question of reforming the GSEs is "not if, but when." The Obama administration, he said, has made it clear from the beginning that the current structure of the government's role in the housing finance market is unsustainable and unacceptable, but winding down Freddie and Fannie abruptly would destabilize an already fragile housing industry and put the loans already on the books of these institutions at even...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Are HECM Regulators Acting Unethically Toward the Reverse Mortgage Program? - 12 hours ago
Posted To: Community CommentaryI recently spoke on two interesting panels at the American Conference Institute’s two day symposium on Reverse Mortgages. The conference was held at the famed Helmsley Park Lane Hotel in the heart of Manhattan. The conference attracted a virtual who’s who in the mortgage and reverse mortgage industry. The speakers and the attendees formed an eclectic group which ranged from major law firms, title companies, quality control experts, compliance examiners, HECM counseling experts and state and federal regulators and various enforcement agencies. There was a genuine desire to understand the program so that enacted policy could be effective. On the first day of speaking, I was joined by Dave Adkins, OTS, Matthew Yoon, Esq. and Arthur Axelson, Esq. I pointed out that HERA could prevent...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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