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Rising Mortgage Firm Is At Home In Tampa

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By SHANNON BEHNKEN

sbehnken@tampatrib.com

Published: November 6, 2008

TAMPA - There's at least one mortgage company that still sees opportunity in the real estate market.
Residential Finance Corporation, a Columbus, Ohio-based mortgage lender, says it's beefing up its Tampa staff and moving into One Metro Center, at 4010 Boy Scout Blvd., Suite 600.

The company says it specializes in refinancing and assists borrowers with "less-than-perfect credit, and those who may have been turned down by other lenders."

Despite the gloomy economy, now is a good time for the expansion, said David Stein, senior vice president for the company. Stein said the company has succeeded by staying away from subprime loans and shifting its focus to government-backed loans.

"A lot of companies don't know some of these programs exist," Stein said.

The company originates loans, packages them and sells them to Fannie Mae, Freddie Mac, HUD, or other investors.

The company has 50 employees in Tampa and plans to increase staffing to 120 in the next three months.

Reporter Shannon Behnken can be reached at (813) 259-7804.

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