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InterFirst Wholesale Mortgage Lending, a division of ABN Amro Mortgage Group Inc., has introduced to its broker network 18 new interest-only and London interbank offered rate adjustable-rate mortgage products available through its "Mortgages Online at InterFirst" portal.
"The increase in emerging markets activity, especially first- time homebuyers, combined with rising interest rates and home prices, have created the need for mortgage brokers to offer a wide variety of mortgage options to consumers," said InterFirst president William A. Newman. "InterFirst's new IO and LIBOR ARM products fulfill a great need for mortgage brokers."
These new products...