MassHousing Honors Residential Mortgage Services for Being the Top-Producing Lender of MassHousing’s Home Loans for Massachusetts Residents in 2015
BOSTON – April 25, 2016 – (RealEstateRama) — MassHousing has honored Residential Mortgage Services (RMS) for being the Agency’s top retail producer of home mortgage loans in 2015, an award RMS has achieved for the second consecutive year.
RMS was recognized for originating the highest number of MassHousing loans statewide – 258 – totaling $60.6 million in financing. RMS was also the top producer in Bristol, Norfolk, Plymouth and Worcester Counties.
MassHousing partners with more than 160 lenders across Massachusetts and annually recognizes the top loan producers as well as other business partners for their demonstrated commitment to fostering affordable homeownership.
In 2015, through all of its lenders combined, MassHousing provided a total of $644.6 million to more than 2,700 low- or moderate-income Massachusetts residents who purchased or refinanced a home or who had a septic system repaired or had lead paint removed.
“RMS has helped hundreds of Massachusetts families achieve the many benefits of owning their own home through their commitment to providing quality loan products such as our MassHousing Mortgages and working to ensure that first-time buyers are educated about the home buying process and ready to succeed as homeowners,” said MassHousing’s Thomas R. Gleason.
Based in Maine, RMS operates 20 branches throughout Massachusetts.
“RMS is honored for the second consecutive year to receive the award as MassHousing’s Top Lender. Our shared vision of helping our residents achieve homeownership through innovative, affordable, low down payment loans is a cornerstone of our business. Our valued partnership with MassHousing has helped us to assist more low- and moderate-income borrowers to realize the dream of homeownership,” said RMS Vice President Chris Foote.
MassHousing, through its partner lenders, offers a diverse suite of affordable mortgage products. The Agency provides fixed-rate, 30-year mortgages with low down payment options. MassHousing’s second mortgage products allow homeowners to make general repairs, remove hazardous lead paint, or bring a failing septic system into compliance with the state’s Title V. For more information on MassHousing’s products for homebuyers and homeowners, visit www.masshousing.com/homeownership.
MassHousing Honors Residential Mortgage Services for Being the Top-Producing Lender of MassHousing’s Home Loans for Massachusetts Residents in 2015
About Residential Mortgage Services
Residential Mortgage Services, Inc. (NMLS #1760) is a leading independent retail mortgage bank based in South Portland, Maine and currently operating in 14 states and the District of Columbia. RMS is currently the largest “purchase money” lender in the Maine and New Hampshire markets, is a top-five player in the Massachusetts purchase market and has a growing presence in Rhode Island, Connecticut and the Mid-Atlantic region. Through its network of more than 60 regional field offices, the professionals at RMS strive to make the “last mile” of home ownership as simple and straightforward as possible. Thousands of families have relied on RMS’ expert advice, broad product selection, and high level of personal attention to achieve their homeownership dreams. In 2015, RMS closed more than 15,000 loans with an aggregate value in excess of $3.4 billion. For more information, please visit www.rmsmortgage.com.
About MassHousing
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth.
Since its inception, MassHousing has provided more than $19 billion for affordable housing. For more information, visit the MassHousing website at www.masshousing.com, follow us on Twitter @MassHousing, subscribe to our blog, watch us on YouTube and Like us on Facebook.
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Media Contacts
Eric Gedstad: 617.854.1079 | egedstad (at) masshousing (dot) com
Tom Farmer: 617.854.1843 | tfarmer (at) masshousing (dot) com
www.masshousing.com
