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Article: Charter Bank Named as Master Servicer for New Mexico Mortgage Finance Authority.
- Article from:
- PR Newswire
- Article date:
- April 17, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ALBUQUERQUE, N.M., April 17 /PRNewswire/ -- Charter Bank, the state's leading mortgage lender, has been awarded an 18-month contract to serve as master servicer for the New Mexico Mortgage Finance Authority, the company announced today.
As one of just two master servicers for the MFA, Charter will purchase mortgage loans made to first-time home buyers under the MFA's published guidelines, enabling the MFA to securitize those loans and continue its strong support of New Mexico's mortgage market.
"We've had this contract many times before. This is an important contract for Charter, because it not only allows us to continue to expand our mortgage ...