Michael Rappaport, President stated, “New America Financial is one of only a recent selected few mortgage lenders in the region to obtain Freddie Mac Seller/Servicer approval. This approval allows us to extend the range of mortgage products we offer and provide even greater opportunities to open the doors of homeownership to our borrowers. I am proud of the work done by our CFO, Bill Napier and our Executive Leadership Team, who worked diligently with Freddie Mac to achieve this approval.”
Freddie Mac plays an important role in financing affordable housing for households throughout America through approved mortgage lenders like New America Financial. Its mission is to ensure that financial institutions have funds to lend and to make it easier for consumers to afford housing. Freddie Mac also plays a very critical role in stabilizing the mortgage and housing markets.
New America Financial Corporation was founded in 2006 and is headquartered in Gaithersburg, Maryland. A fast growing 5-star rated mortgage lender, New America Financial currently lends in 10 states and the District of Columbia with several additional states coming on board soon. Its mission is to open the doors to homeownership by simplifying the mortgage process for clients and providing affordable mortgage solutions, while delivering exemplary and highly rated client services.