In Brief: Fla.s Jupiter to Fund Government Loans

November 13, 2001, 2:00 a.m. EST 1 Min Read

JUPITER, Fla. Americas Senior Financial Services, a lending company that specializes in reverse mortgages for senior citizens, announced Monday that its Jupiter Mortgage Corp. agreed to fund residential government mortgages for the next two years for Fidelity Federal Bank and Trust of Palm Beach.

Jupiter Mortgage will provide the underwriting and technology to allow Fidelity Federals 40 branches to make government loans. Jupiter Mortgage, which will also fund subprime loans for Fidelity, expects the deal to generate at least $25 million of loans a year.

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In Brief: Fla.s Jupiter to Fund Government Loans

In Brief: Fla.s Jupiter to Fund Government Loans