Fremont Bank Has Loaned $800 Million In New Home Loans Over The Past 90 Days
Bank aims to assist 15,000-20,000 homeowners by the end of the year
FREMONT, California - April 10, 2009 -In an effort to help homeowners with affordable home loans and capitalize on historically low mortgage rates, Fremont Bank (www.fremontbank.com), a leading full-service community bank in Northern California, has already loaned $800 million to more than 3600 clients over the past 90 days. Fremont Bank plans to provide an additional 15,000-20,000 homeowners the opportunity to lower their mortgage payments by the end of 2009.
This increase in loan originations has also created many new East Bay jobs, as the Bank has hired 100 new professional mortgage associates this year in an effort to meet high service level standards the Bank is known for. The bank also plans to continue growing its staffing levels as the lending demand continues.
In the wake of the Obama Administration’s Home Affordability Program that would allow millions of Americans to refinance their mortgages, the program also permits homeowners to refinance up to 105% of the value of their homes without mortgage insurance.
“Fremont Bank has stepped-up and helped thousands of homeowners capitalize on the low mortgage interest rates by streamlining loans to qualified clients,” says Fremont Bank’s Vice President of Residential Lending, Gary De Luca. “Fremont Bank continues to be financially well-positioned, with an outstanding approval ratio, to assist homeowners with their mortgages and keep families in their homes.”
With fixed rate financing (through Fremont Bank) at historically low interest rates, there are still many opportunities for qualified clients to explore lowering and stabilizing their monthly payment through the refinance of their existing mortgage loan.
About Fremont Bank
Fremont Bank (www.fremontbank.com) is the leading full-service community bank in Northern California. Founded in 1964, Fremont Bank is one of the oldest independent family owned and managed banks in the region and focuses on personalized service for individuals and businesses. It serves communities through 24 branches and seven additional ATMs throughout the Greater Bay Area. Exceptional client service is the cornerstone of Fremont Bank’s business. Accommodation of customer needs in a friendly, personal atmosphere characterizes the bank’s culture. |
