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For the past 21 years, The Filipino Express has provided the Filipino American community the best news, arts and entertainment coverage from around the United States and the Philippines.
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This website includes selected articles from this week's edition of the Filipino Express. Not all the stories published in the printed version appear on this site.
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To tell us what you think about Filipino Express Online or to comment on the stories published here, E-mail us at Filexpress@aol.com
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Partnership seen to add liquidity to the ailing mortgage market
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1ST and Mortgage Co. announced today a new partnership with Fannie Mae that will aid homeowner's in today's unsteady mortgage market.
The program which Fannie Mae specifically structured with 1st 2nd Mortgage Co. will allow the company to aggressively offer Alt-A loans to all its customers. While the rest of the mortgage industry is limiting this loan product, i.e., the no income/ no asset verification loan, 1st 2nd Mortgage Co. will be offering a full menu of loan documentation options.
Fannie Mae, the nation's leading government sponsored enterprise (GSE) in the secondary mortgage market, is confident that 1st 2nd Mortgage Co's stellar history and experience will offer a safe haven in unsteady marketplace. This partnership was created to provide greater affordability for home ownership and sound real estate financing. The goal is not only to stimulate and encourage home purchases, but to provide an avenue for all refinance borrowers who are in the midst of an interest rate change. 1st 2nd Mortgage Co. will originate, close, and portfolio/ service these loans entirely in-house preventing the chaos caused in the sub-prime mortgage market. This ambitious new program will be available on both the retail and wholesale levels and hops to fill the void left by the crashing mortgage market.
About 1st 2nd Mortgage Co. of NJ, Inc.: 1st 2nd Mortgage Co. of NJ Inc. is the oldest and most prestigious Filipino-owned mortgage banker and continues to be a community lending pioneer. As a direct lender, the company offers affordable residential loans across the country and is the premiere full service mortgage banker to originate, process, underwrite, close, fund, portfolio/ service loans all in-house. 1st 2nd Mortgage Co. og NJ, Inc. is licensed in NJ, CA, CT, DE, FL, HI, IN, MD, MO, MT, OK, PA, SC, TX, VA & WA.
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A GENEALOGICAL book written by Filipino author Denny Arcilla was donated last month to the Executive Director of the Baltimore Public Library, Carla Hayden.
The book entitled ‘Genealogy of Arcilla Clan-International’, was published in 1999 and distributed a year after.
According to Arcilla, the extensively researched book is a ‘legacy’ to the whole clan and a tribute to his father– Treasurer Demetrio F. Arcilla, Sr.
The income from book sales in the US and in the Philippines were used by Arcilla to establish his ‘Academic Scholarship Fund’, a foundation that aims to help the bright, yet unfortunate students in the Philippines.
Arcilla’s book was also donated to the Jersey State Library thru director Norma Blake. In total, he donated 12 books to American public libraries and six books to Philippine libraries.
A member of the prestigious National Genealogical Society that was founded in 1903, he was the lone Filipino delegate to its four-day Centennial Anniversary that was celebrated in Pittsburgh in 2003.
Arcilla is married to Dr. Nita Rivera, MD of Pampanga. They are both based in Houston, Texas.
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NEW YORK– The OUIJA Movie Premiere and Lovespeak Concert planned for October 20, 2007 at the Loew’s Jersey Theatre has been postponed until further notice.
The event, which was to feature special performances by Judy Ann Santos, Ryan Agoncillo, Carol Banawa, and Chapter 2 Band, was a combination of a live concert and a movie screening of OUIJA, Judy Ann’s latest blockbuster hit.
The event promoters and producers have agreed to postpone the show indefinitely due to uncontrollable circumstances. Ticket holders must return tickets to the point of purchase for a full refund.
If you have any questions, you may call Special Edition Press, Inc. at (212) 682-6610 or ERJ Productions, Inc. at (973) 641-5665.
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