Refinance.com
From Wikipedia, the free encyclopedia
| Refinance.com | |
|---|---|
 |
|
| Type | Private |
| Founded | 1989 |
| Headquarters | Manhattan, NY |
| Key people | Nicholas Bratsafolis, Chairman and CEO |
| Industry | Mortgage |
| Products | Mortgage |
| Employees | 170 |
| Website | www.refinance.com, |
Refinance.com is a direct, United States government-approved Federal Housing Administration mortgage lender licensed in 35 states. Specializing in home refinancing, the company closed $1 billion in residential mortgage loans in 2007.
Contents |
[edit] History
Originally founded as Homebridge Mortgage Bankers in 1989, Refinance.com’s current executive team arrived in 1996 led by present Chairman and CEO Nicholas Bratsafolis. In 2005, the company officially changed its name to Refinance.com.
[edit] Locations
[edit] Appreciating America plan
Since 2007, the subprime mortgage crisis has rocked the mortgage industry. During this time, many borrowers have lost their homes to foreclosure while lenders have experienced a drastic increase in costly write-downs. In response to this situation, Refinance.com Chairman and CEO Nicholas Bratsafolis has authored a plan called “Appreciating America,” which works to help prevent the losses for both parties. The plan has received support from members of the United States Congress,[1] and offers a solution for homeowners whose mortgage exceeds the value of their home.
[edit] References
- ^ Forbes.com (2008-04-24). "Congressman Steve Israel Outlines Support for Plan to Help Ease Mortgage Crisis". Press release. Retrieved on 2008-05-05.
