Who We Are: CT Company History of McCue Mortgage residential lending Retail/Wholesale split Blend of mortgage products. Today’s Residential Mortgage Market Subprime Mortgage Credit Crisis Bail Outs. CT Subprime Mortgages – from Subprime Task Force’s November 2007 data
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Who We Are:
Today’s Residential Mortgage Market
CT Subprime Mortgages
–from Subprime Task Force’s November 2007 data
Timing of Interest Rate Resets
Impact on our business
Borrowers and Consumers Troubles
What can homeowners do now???
FHA’s Solution – FHA Secure
Governor Rell’s Response
FHA’s Market Share
Source: Inside Mortgage Publications. Mortgage volume in billions of dollars.
Note: Volume in 2008 has been estimated from first two quarters.
FHA Business Composition
FHA Secure & CT FAMLIES
Our Involvement and Experience
Where does McCue Mortgage go from here?
Important to Understand
Still a great time to buyer a home!