San Jose, CA (PRWEB) May 31, 2013

Arcus Lending, a San Jose Mortgage Broker and Bridgette Akunal, a Residential Real Estate Specialist with Intero Real Estate, have teamed up to institute a scholarship for deserving Santa Clara High School, California students to help enroll into college.

Based on an essay competition, The Akunal Arcus Lending Scholarship was awarded to three selected graduating seniors who are enrolled full time at Santa Clara High School with a minimum GPA of 3.0 and have been accepted to a Junior or Four Year College.

“At Arcus Lending we believe in giving back to the community. Schools are a great way for us to make a positive impact on the community we operate in”, said Shashank Shekhar, CEO of Arcus Lending, Amazon.com Best-selling author and among the top 1% loan officers in the country.

“This generous scholarship is open to all graduating seniors and is based on academic standing and college readiness. I cannot express my gratitude enough to Akunal and Arcus Lending Team for this donation and their willingness to support our students in their ongoing academic endeavors.” said, Dave Grissom, Principal, Santa Clara High School.

“As a Residential Real Estate Specialist serving the San Francisco Bay Area for the last 13 years, I highly embrace this great opportunity to be a resource to young adults. By assisting in their education and personal empowerment, they can make a difference for a better future,” said Bridgette Akunal, one of the leading professionals in the real estate industry and an active member of many Silicon Valley Organizations.

First place winner was honored $1200, second place winner $500 and third place winner $300 towards their scholarship tuition at the Santa Clara High School Graduation Ceremony on May 29, 2013.

About Arcus Lending:

Arcus Lending (NMLS 1035734) is a mortgage broker offering home purchase and refinance loans in the state of California. The company plans to expand its operations on the East Coast this summer by offering home loans to residents of those states.

More information about Arcus Lending can be found by calling at 855.644.5626, by emailing at info(at)arcuslending(dot)com or by vising their website at http://www.ArcusLending.com

About Bridgette Akunal :

Bridgette Akunal (DRE-01297423) is a real estate consultant specializing in residential and investment properties in the San Francisco Bay Area, California. More information on Bridgette Akunal and Intero Real Estate Services can be found by calling 408.973.9800, by emailing at bakunal(at)interorealestate(dot)com or by simply visiting http://www.360SiliconValleyRealEstate.com

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebArcusLending/Scholarship/prweb10602484.htm

Article source: http://www.sfgate.com/business/prweb/article/New-Scholarship-Instituted-by-Arcus-Lending-and-4564522.php

“I think the higher stock market and low rates is a function of the Fed [Federal Reserve] just pumping liquidity into the system,” said Paul Miller of FBR. “What you see, I believe, is some of that liquidity is leaking into the stock market, which is resulting in higher valuations for stocks. But the bond market is still flush with liquidity, and that is keeping mortgage rates low.”

Should the Fed start winding down its asset purchases later this year, mortgage rates will rise. That would make home buying more expensive in an already rising price environment. But is that enough to stop housing’s momentum? Perhaps not.

(Read More: What’s Really Behind Home Price Gains)

“For mortgage payments to return to their long-term average of 22 percent of disposable income, 30-year fixed rates would have to rise all the way to 9 percent,” noted Paul Diggle of Capital Economics. “Accordingly, we’re optimistic that the nascent improvement in mortgage applications will be sustained.”

In any case, it hasn’t been the rates holding borrowers back, but the availability of mortgage credit. That may be easing as well.

Nearly 10 percent of senior loan officers surveyed by the Federal Reserve in April reported easing their lending standards for low-risk mortgages. That’s an increase from the previous quarter. Banks were not, however, more willing to lend to borrowers with lower credit scores. This as 44 percent of loan officers surveyed reported demand for “prime” mortgages was moderately stronger.

(Read More: Old Ills Still Hit Big Banks)

Article source: http://www.cnbc.com/id/100720364

Hearsay Social will provide its social media marketing platform to hundreds of loan officers with Academy Mortgage, the companies said today.

Hearsay Social’s platform is designed to help brands unify and broadcast their messages through employees’ social media accounts on Facebook, Google Plus, Twitter, LinkedIn and Foursquare.

Academy Mortgage’s loan officers will use Hearsay Social’s platform to build relationships with customers and educate them on mortgage products and options.

“We selected Hearsay Social to bring our selling process and our distributed sales force into the social era,” said Mike Jensen, chief marketing officer for Academy Mortgage, in a statement.

Based in Sandy, Utah, Academy Mortgage is a direct lender that underwrites, closes and funds loans from more than 120 branches in 40 U.S. states.

Hearsay Social facilitates clients’ participation on social media by providing a content library for post fodder, a dashboard that shows real-time analytics of the company’s social media activity and a program that helps ensure all accounts associated with the brand have no unapproved or inappropriate content.

Last August, luxury San Francisco Bay Area real estate company Pacific Union International became the first residential real estate brokerage to work with Hearsay Social.

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Article source: http://www.inman.com/news/2013/01/21/hearsay-social-signs-academy-mortgage