Washington D.C. (PRWEB) August 6, 2008
iWantaLowRate.com (http://www.iwantalowrate.com) CEO, Jeffrey Levin said today that he believes the current mortgage crisis will begin to subside in 6 months and completely end within 18 months. iWantaLowRate.com is a national mortgage company focused on assisting homeowners with their refinance and purchase transactions.
The current lending environment has eradicated the subprime villains from the market, Levin said. "With Fannie and Freddie recapitalizing and the Federal Housing Administration acting aggressively to create new loan programs, more borrowers will be served and we can get back to a responsible and normal lending environment." Levin noted that before this is over there will be more lenders that will go out of business, but once that shakeout is complete, the mortgage marketplace will return to normalcy.
iWantaLowRate.com is a national mortgage lender that continues to serve all borrowers, including those with less than perfect credit. Mr. Levin is a respected industry expert. Known as the CEO of iWantaLowRate.com, he has lead the firm from infancy to over $1B in loan approvals.
iWantaLowRate.com's mission is to assist homeowners in obtaining the lowest rates available for their particular situation Levin said. What began as a passion in real estate finance has evolved into a personal ambition for Mr. Levin. "As we plan for the future, our ultimate goal is to be a household brand, the place people call when they want a low rate for a home loan," said Levin.
"We have seen mortgage turbulence before in our country's history but none as severe as what we are experiencing right now," says Levin. "Beginning in late 2009 and early 2010 new lenders will emerge with sound, responsible, and ethical lending standards." As the industry realigns, Levin expects iWantaLowRate.com to offer more products resulting from Fannie Mae, Freddie Mac, and the Federal Housing Administration broadening their underwriting guidelines. "There is a void for a lot of homeowners right now," Levin says. That void, he believes, will narrow as lawmakers allow the agencies to better serve America's homeowners.
iWantaLowRate.com (http://www.iwantalowrate.com) is a national mortgage lender offering mortgage products through their affiliate partners. iWantaLowRate.com was founded in 2000 and has approved over $1B in loans since its inception. IWantaLowRate.com is based in Greenbelt, Maryland within 20 miles of the nation's capitol.