Mortgage Master First Non-Depository Lender to Join Massachusetts Home Ownership Compact

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Commits to Providing Mass Housing Mortgage Loans to Borrowers Below Median Household Income

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Mortgage Master, Inc., a regional mortgage lender and one of the Country’s largest privately-owned mortgage companies, announced today it has become the first non-depository lender to join the Massachusetts Home Ownership Compact to provide affordable mortgage solutions to lower income first-time home buyers. As a signatory of the Home Ownership Compact, Mortgage Master has committed to make a good faith effort to provide Mass Housing mortgage loans to borrowers below the median household income in 2014.

“Mortgage Master is proud to call Massachusetts its corporate headquarters and we are committed to serving our local state community,” said Paul Anastos, President of Mortgage Master. “The recovery of the housing market, the dream of homeownership and the overall economic success of our local communities are things that are extremely important to us at Mortgage Master. We are excited to support the governor’s initiative and do our part – as a collaborative community member – in helping borrowers and working toward strengthening Massachusetts.”

“The Homeownership Compact is a great example of how government, lenders and non-profit agencies can work together to make affordable mortgages available to first-time homebuyers across the Commonwealth. We welcome Mortgage Master to the Compact," added Aaron Gornstein, Undersecretary, Department of Housing and Community Development of Massachusetts.

Governor Deval Patrick announced the Massachusetts Homeownership Compact in 2013 with the goal of providing 10,000 mortgage loans over the next five years to first-time home buyers with household incomes below the area median income. In the second year of the Compact, Mortgage Master is paving the way as the first non-depository mortgage lender to sign on.

“We are pleased to have Mortgage Master join the Compact,” said Esther Maycock-Thorne, President of the non-profit Massachusetts Affordable Housing Alliance. “Mortgage companies play an important role in reaching low-to-moderate income first time borrowers in our Commonwealth and we congratulate Mortgage Master on making this commitment.”

“We hope many more lenders join in by signing the Compact,” continued Mr. Anastos. “We have 10,000 mortgages to originate and no time to waste. Mortgage Master is eager to focus its capabilities towards such an important initiative that will help citizens of Massachusetts by strengthening our communities and keeping young families in the state as a solid economic foundation for the future.”

About Mortgage Master

Mortgage Master, Inc. is a Massachusetts company founded in 1988 by Mr. Leif Thomsen. Since then, the Company has grown to be one of the largest privately owned lenders in the nation, and the largest volume lender of mortgages in Massachusetts. Mortgage Master employs approximately 700 employees nationwide, with over 300 loan experts providing loans and services in 26 states and the District of Columbia. In 2013, Mortgage Master was named to Inc. Magazines' list of America's Fastest Growing companies.

The corporate headquarters is located in Walpole, MA, in a 56,000 square foot office complex, and the Company has satellite offices in California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Minnesota, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee, and Texas. For more information, please call 888-263-1435 or visit or follow the Company on Twitter, Facebook, Google+ and LinkedIn.

Media Contacts:
John Lovallo, LEVICK - Telephone: 917-612-8419 - Email: jlovallo(at)levick(dot)com

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Bryant Madden
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