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GMAC creates new mortgage company to serve California. (Business Alert).


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 MORTGAGE CORPORATION, HORSHAM, Pennsylvania Horsham is a census-designated place (CDP) in Montgomery County, Pennsylvania, United States. The population was 14,779 at the 2000 census. Horsham is located entirely within Horsham Township, Pennsylvania. , has launched CalDirect Home Loans[TM] (CalDirect), Costa Mesa, California Costa Mesa is a suburban middle class city in Orange County, California, United States. The population was 108,724 at the 2000 census. Since its incorporation in 1953, the city has grown from a semi-rural farming community of 16,840 to a suburban city with an economy based on , a new direct mortgage lender created to meet the needs of California homebuyers. With the backing of GMAC Mortgage, CalDirect combines the stability and trust of working with a large financial company with the flexibility and personalized per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 service of a local lender.

"CalDirect is a natural outgrowth of GMAC Mortgage's investment in direct lending and in the California marketplace, where we continue to experience high demand for innovative financing solutions," said Rick Gillespie, executive vice president of GMAC Mortgage. "We are committed to providing our California customers with a superior home-financing experience and specialized, local service.
COPYRIGHT 2003 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

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Publication:Mortgage Banking
Article Type:Brief Article
Geographic Code:1U9CA
Date:Jun 1, 2003
Words:111
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