Gold Star Mortgage: Lenders Betting on Continued Economic Recovery

Many Home Lenders Are Betting on 2012's Housing Recovery to Continue Into 2013 -- a Trend That Has Earned a Comment From Gold Star Mortgage

Marketwired

ANN ARBOR, MI--(Marketwire - Mar 7, 2013) - In 2012, the United States housing market enjoyed what many now describe as a "nascent" recovery -- not significant enough to calm all financial concerns, but promising enough to fill the home mortgage industry with some hope for a brighter future. A recent USA Today report affirms that home lenders are indeed betting on continued economic recovery -- and specifically, for the modest improvements of 2012 to continue well into the coming year. This promising report has earned a comment from Gold Star Mortgage, a direct home lender based in Michigan.

According to the USA Today report, many mortgage companies have begun to beef up their staffs, and plan to continue doing so throughout 2013. These staff increases are proving increasingly vital for companies trying to keep up with the expansion of lending, sales, and construction. Ultimately, the report concludes, mortgage companies are betting that 2012's nascent recovery "has legs."

Gold Star Mortgage has weighed in on these promising home mortgage trends with a statement to the press, commenting on the USA Today findings and on home loan trends in general. "Home sales and home values across the country are increasing, and this is fantastic news," comments Gold Star Mortgage in its new press statement. "The increase benefits potential borrowers as well as Gold Star Mortgage as a whole. An increase in home sales and values usually indicates that more people will be looking to refinance or to purchase a new home. Because of this, we are looking to expand our company early in 2013, as we are expecting to hire 20 employees at our corporate office by the end of February."

Gold Star Mortgage knows firsthand about how home lenders are expanding their operations. The company recently moved into a large new corporate headquarters, and projects the creation of 100 new jobs before the end of the year.

Meanwhile, USA Today reports that Wells Fargo Home Mortgage and other major lenders are following Gold Star's example, responding to increased home values and sales, as well as to the Federal Reserve's pledge to keep borrowing interest rates historically low. Wells Fargo projects a 27.7 percent increase in new housing starts in 2013 compared to 2012. This is a measure of new housing constructions, and is generally considered an accurate barometer of how well the housing market is performing.

Gold Star Mortgage is nationally known as a direct lender with low rates and fees, coupled with superior customer service. The company's founder and CEO, Daniel Milstein, is the top-rated mortgage originator in the United States. The company is based in the Detroit area.

ABOUT:

Gold Star Mortgage Financial Group is a nationally recognized direct home lender, based in the Detroit, Michigan metro area. The company is known for its low rates and fees, and also for its emphasis on superlative customer service. Gold Star Mortgage was founded by Daniel Milstein, who is currently rated as the #1 mortgage originator in the country. The company is ranked as #349 on the INC500 list of fastest-growing companies.

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