Lend America, Melville, N.Y., has launched a new Web site for institutional investors looking to monetize their distressed residential mortgage portfolios.
The company, a Ginnie Mae issuer, has been working to help institutional investors monetize portfolios by using the government's Hope for Homeowners program to handle loans that meet that program's expanding qualifications.
The company has been one of the most aggressive in its use of the H4H program and recently said it was one of the first to complete to a "satisfactory" level the Department of Housing and Urban Development's pre-closing review period for direct endorsement of the H4H program.
This allows it to underwrite, close and insure H4H deals without prior HUD review. The new website can be found at http://www.refiportfolio.com.