Mortgage Master Inc., a regional mortgage lender and one of the largest privately owned mortgage companies in the U.S., reports that it is the first non-depository lender to join the Massachusetts Homeownership Compact to provide affordable mortgage solutions to lower-income, first-time home buyers.
As a signatory of the Homeownership Compact, Mortgage Master has committed to make a good faith effort to provide MassHousing mortgage loans to borrowers below the median household income in 2014.
‘Mortgage Master is proud to call Massachusetts its corporate headquarters, and we are committed to serving our local state community,’ says Paul Anastos, president of Mortgage Master, in a press release. ‘The recovery of the housing market, the dream of homeownership and the overall economic success of our local communities are things that are extremely important to us at Mortgage Master. We are excited to support the governor's initiative and do our part – as a collaborative community member – in helping borrowers and working toward strengthening Massachusetts.’
Gov. Deval Patrick announced the Massachusetts Homeownership Compact in 2013 with the goal of providing 10,000 mortgage loans over the next five years to first-time home buyers with household incomes below the area median income. In the second year of the compact, Mortgage Master is paving the way as the first non-depository mortgage lender to sign on.
‘We are pleased to have Mortgage Master join the Compact,’ said Esther Maycock-Thorne, president of the nonprofit Massachusetts Affordable Housing Alliance. ‘Mortgage companies play an important role in reaching low- to moderate-income first-time borrowers in our commonwealth and we congratulate Mortgage Master on making this commitment.’
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