Expert Group, Inc. Associations With Big Banks Stronger Than Ever With Government Bailout Passage
MIAMI, Oct. 6 /PRNewswire-FirstCall/ — Expert Group, Inc. (OTC Pink
Sheets: EXPT) is pleased to announce the Company will continue to build on
its relationships with large banks as the U.S. Government’s bail out of
Wall Street was passed by Congress this past Friday. Expert Group is
currently working with JP Morgan Chase and a host of other large banks,
such as CitiGroup and Wells Fargo to expand upon its retail mortgage
operation.
The government’s three primary motivations for passing the bailout are
to initiate market stability, increase mortgage availability and provide
taxpayer protection. The bailout is being used to begin shaping financial
stability in the housing and credit markets, two market segments that are
crucial to Expert Group, Inc.’s success. The Company will look to new tax
incentives that were passed in the Housing and Economic Recovery Act of
2008 in order to market to first time homebuyers and begin ramping up loan
originations. According to the HER Act of 2008, first time homebuyers will
receive a $7,500 tax credit on their Federal tax return.
“We are very confident that our associations with some of the
industry’s biggest lenders will supply Expert Group with new loan
originations. The Company will begin to use incentives from the Government
and local municipalities to help first time homebuyers market,” stated
Robert Rico, CEO of Expert Group, Inc.
About Expert Group, Inc.:
Expert Group, Inc. markets a variety of financial products and services
through Expert Financing & Inv. Inc., which offers loan programs tailored
to all borrowers’ needs, specializing in Fannie Mae, Freddie Mac, FHA,
conventional and non-conventional loans of all sizes and Expert Credit Fix
U.S.A., assisting borrowers with less than perfect credit to restore their
credit to a level where lenders will grant them credit. Expert is licensed
by the Department of Financial Regulations and a member of FAMB.
Certain statements in this release and the attached corporate profile
that are not historical facts are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements may be identified by the use of words such as anticipate,
believe, expect, future, may, will, would, should, plan, projected, intend
and similar expressions. Such statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially different from
those expressed or implied by such forward-looking statements.
Contact:
Expert Group, Inc.
http://www.ExpertFinancing.net
http://www.ExpertCreditFixUSA.com
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[Via Real Estate Newswire]