MBA Discloses Annual Multifamily and Commercial Servicer Rankings - 2004-02-03
The Mortgage Bankers Association today released its annual ranking of multifamily and commercial loan servicers as of the end of 2003. On top of the list of 103 firms is GMAC Commercial Holding Corporation with $213.7 billion in master and primary servicing.

The rankings are based on primary and master servicing, and are also broken out by investor type to show the top life company, commercial mortgage-backed securities, Federal Housing Administration and Fannie Mae/Freddie Mac servicers.
Read the full story at Mortgage Bankers Association

UB Mortgage rolls out loan for homeowners staying put - 2004-02-03
UB Mortgage Co., an affiliate of United Bank in Springdale, has applied a new twist on the "nomoney down" concept of buying a home.

Last month, UB Mortgage began offering a competitive mortgage with no money down and no mortgage insurance if the borrower agrees to keep the loan for one to five years.

Despite not requiring a down payment, the loans offer lower monthly payments more than a normal loan.
Read the full story at Arkansas Democrat-Gazette