heard on the street
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Former Sen. Fred Thompson named reverse mortgage spokesman for American Advisors Group
David M. Moffett, former chief executive officer of Freddie Mac, has been named to the board of directors of CIT Group Inc.
Paul M. Peters, CMB has joined
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You've Decided to Make a Move... 5 Questions You Must Ask! 1. Have they been branching for nearly two decades? 2. Will they work closely with you to expand your business? 3. Will they provide underwriting, compliance and accounting? 4. Can they license your branch in multiple states? 5. Will they pay the next day, on funded loans? Guaranteed Home Mortgage Company was founded in 1992 and was named in the Inc. 500 list of fastest growing companies in the United States. Last year, we moved to a larger headquarters to support our expansion.
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Call Louis Tesoriero today to learn about our winning team, and find out why so many professionals have joined Guaranteed.
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AUGUST 2010
HomeTelos LP, a Dallas-based real estate services and technology firm, and an approved GSA Schedule
Paul M. Peters, CMB
PENNSYLVANIA MORTGAGE PROFESSIONAL MAGAZINE
HUD selects HomeTelos to market residential inventory
Mortgage Professionals to Watch
Mortgage Banking Solutions as a senior mortgage consultant.
NationalMortgageProfessional.com
As part of American Advisors Group’s (AAG) strategic growth plans to be the largest private national reverse mortgage lender in the country, AAG has secured former Sen. Fred Thompson as the company’s spokesman. Sen. Thompson remains active in politics and the national debate, and hosts a nationally-syndicated radio show and recently released his memoir about growing up in Tennessee, Teaching the Pig to Dance. As spokesman for AAG, Thompson will provide the credibility, integrity, and policy knowledge needed to ensure the longevity and growth of reverse mortgages, an important financial tool for seniors. “I am proud to join AAG’s efforts. In this tough economic climate, it’s important that America’s seniors know all their options, and have the facts they need to make informed decisions about their financial and retirement futures,” said Sen. Thompson. “Reverse mortgages present opportunities for seniors to stay in their homes and enjoy their retirements, and I look forward to informing America’s seniors of the benefits of this often misunderstood financial product.” “We are delighted to have Sen. Thompson on board and know this will be a game changer—not just for AAG but for the reverse mortgage industry as a whole,” said Reza Jahangiri, chief executive officer of AAG. “AAG looks forward to Sen. Thompson helping take our brand, company and industry to the next level. He and his experience will be invaluable as AAG further develops their reverse mortgage platform in the coming months.” Sen. Thompson, a Republican, was elected to the U.S. Senate from Tennessee in 1994 and retired in 2003. Since then, he has remained active in national and international affairs and public service. He was Chairman of the International Security Advisory Board at the U.S. Department of State and a member of the U.S.-China Economic and Security Review Commission. As an actor, Thompson has appeared in such successful films as No Way Out, In the Line of Fire, Die Hard II, Days of Thunder and The Hunt for Red October. In late 2002, Thompson joined the cast of the long-running NBC television series Law & Order, playing Manhattan District Attorney Arthur Branch. For more information, visit www.aagreverse.com.
Contractor, has been selected by the U.S. Department of Housing & Urban Development (HUD) to provide new and advanced marketing strategies to sell HUD’s single-family residential portfolio in five geographic regions encompassing Alabama, Arkansas, Colorado, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, U.S. Virgin Islands, Utah, Virginia and West Virginia.
“We are eager to work with the professional real estate community in each area to aggressively market these homes and create solid homeownership opportunities,” said Stephen Polley, president of HomeTelos. “Our team has a tremendous respect for the communities in which we will work and looks forward to engaging real estate brokers and appraisers to provide the critical local market expertise we know is key to successfully selling residential assets.” For more information, visit www.hometelos.com.