HOUSTON, Aug. 26, 2004 (PRIMEZONE) -- Conficasa Holdings announced today a joint collaboration agreement with Houston-based Allied Home Mortgage Capital Corporation, the largest mortgage banker/broker company in America.
With this new alliance, Conficasa loan programs will be available to anyone in the United States through Allied's 700+ offices and its more than 4,500 employees nationwide. These loan programs will give anyone the possibility to apply and qualify for a loan to buy their own dream home anywhere in Mexico.
Conficasa's first loan program is RAICES (ROOTS), funded by Sociedad Hipotecaria Federal (Federal Mortgage Agency) and underwritten by Credito Inmobiliario Terras, SA de CV; the board of advisors of RAICES are the Mexico Bank, the Ministry of Social Development, Ministry of Income and public credit and others. This program is the result of the agreements stated in the bi-lateral agenda denominated "Partnership for Prosperity" between Presidents Vicente Fox of Mexico and George W. Bush of the United States.
Conficasa is a US Corporation focused on International Real Estate, which together with the Mexican Government and other private entities, finally put together a real and reachable opportunity for any individual resident or couple to apply and qualify to obtain a mortgage loan to acquire a house anywhere in Mexico throughout its variety of programs. For more information visit www.conficasa.com , www.citerras.com.mx
Founded in 1991, AHMCC is the largest privately held mortgage banker/broker in the U.S., with more than 700 offices in 48 states, Guam and the Virgin Islands. It offers a wide variety of mortgage products and services from over 800 lenders.
In 2003 the company funded over $15 billion in loans and was named as one of "The Top 25 Tech-Savvy Lending Firms" by Mortgage Technology magazine -- a feat repeated in 2004. For more information about the company, visit Allied's websites at www.branchasap.com, www.mortgageasap.com and its Spanish language site, www.prestamopronto.net
The Allied Home Mortgage logo can be found at: http://media.primezone.com/prs/single/?pkgid=704