August 4, 2010
We closed Six HUD Loans totaling over $40M
We closed six transactions totaling $40.4 million during the first half of 2010. Jeff Davis, our President and CEO, reports that activity totals should be even more robust in the third quarter:
Given the economic challenges, we’re very pleased with the way the year is shaping up. Based on loans currently being processed, it now appears that third quarter closings alone could exceed totals for the first six months of the year. With interest rates at current low levels, borrowers are reconsidering the economics of their current situation and giving more serious thought to the refinance option.
Have the low interest rates caused you to consider refinancing, or do you plan to wait until an economic turn-around?
