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USDA Rural Development Recognizes Mortgage Network, Inc!

USDA Rural Development Recognizes Mortgage Network, Inc.

to Highlight National Homeownership Month

This year's theme-Rural Housing/Rural Jobs

Plains, Pa.-June 21, 2011-USDA Rural Development-Pennsylvania has joined a national effort,

conducted in communities across the country, to highlight National Homeownership Month 2011 and the work USDA Rural Development and its lender partners have done to increase homeownership opportunities for rural Americans. Mortgage Network, Inc., was presented with a Certificate of Appreciation for its participation in Rural Development's Section 502 Guaranteed Rural Housing Program . The presentation was made by Beatrice Elliott, USDA Rural Development, to Charlie Daniels, Area Manager, and Karen Bedrin, Underwriter/Operations Manager, accepting on behalf of Mortgage Network, Inc.

"Homeownership is a major part of the foundation for stronger, more prosperous rural areas," said Tom Williams, Pennsylvania Rural Development State Director. "Rural residents continue to achieve the dream of homeownership through programs like the Section 502 Guaranteed Loan program, and it is the partnership of banks like Mortgage Network, Inc. with the program that make it happen," added Williams.

According to the National Association of Realtors, the sale of a median-priced home ($173,000 in 2010) generates $58,529 in economic activity. This includes $15,570 in ... more

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