News


Over 1,000 participants help raise funds for the Leukemia & Lymphoma Society charity.

(PRWEB) AUGUST 07, 2019

On Tuesday, July 23rd, NJ Lenders Corp. participated in the annual Corporate FunRun New Jersey 5k at McLoone’s Boathouse in West Orange, NJ. The event had over 1,000 attendees from different businesses and companies, and NJLC ranked 5th with the most participants. NJ Lenders was also a head sponsor for the evening to help increase company exposure and network with other leading companies in the local area.

“The FunRun is something our company looks forward to every year, and our participation only grows every time we take part in it,” said Steve Grossman, Partner of NJ Lenders Corp. “Whether our employees decide to run, walk, or cheer their co-workers on, everyone has a great time.”

The event was a 5k run/walk around the water at the ...


LITTLE FALLS, N.J. (PRWEB) JULY 23, 2019

On Monday, June 17th, the Greater Bergen Association of REALTORS® Care Foundation held their 5th annual golf and tennis outing where participants and sponsors, including NJ Lenders Corp. (lead corporate sponsor), helped raise over $30,000 to be distributed to various charities and non-profits in Bergen County.

The event, which was attended by 171 Realtors® and industry professionals, was held at Montammy Golf Club in Alpine, New Jersey.

“The GBAR REALTORS® Care Foundation golf and tennis outing has been an event we look forward to attending and sponsoring every year,” said Steve Grossman, Partner of NJ Lenders Corp. and Board of Trustee member of the REALTORS® Care Foundation. “It’s always a great day for us to not only network with members of the GBAR community, but to also raise money for various local charities.”

“It is such an honor to able to host members of our community, industry partners, and supporters of the organization ...


Little Falls, NJ (PRWEB) April 10, 2019

Scotsman Guide’s Top Mortgage Originatorslist of the nation’s top-producing mortgage professionals is one of the industry’s most distinguished list of its kind, and NJ Lenders Corp. is proud to announce that five of their Mortgage Loan Originators have been listed as Top Originators for 2018.

Chris GalloJustin BonuraSteve GrossmanWalter Gorman, and Mark Casamassina have all been recognized in the tenth annual Top Originators rankings.

The list includes originators who have closed the most dollar volume and the most loans, as well as top leaders in ...


LITTLE FALLS, N.J. (PRWEB) January 21, 2019

NJ Lenders Corp. is pleased to announce that the Greater Bergen Association of REALTORS®, REALTORS® Care Foundation has recently declared that in 2018, they gave $67,000 in grant monies to 15 different organizations in Bergen County. The foundation has raised money annually to help provide support to those in need, and to help improve the quality of life in the communities where their members live and work.

“I am proud to be the president of the REALTORS® Care Foundations,” said 2018 CARE Foundation President Annekee Brahver-Keely. “We are an organization who grants money to those who need it the most. I promise to continue to look for more ways to fundraise and provide support to local organizations that share our passion to improve the communities where our members live and work.”

Since the start of the REALTORS® Care Foundation in 2015, they have awarded $215,800 worth of grants to 17 local non-profit organizations who provide food, clothing, ...


Report: Fed Bumps Rate As Expected

Dec 19
2:51
PM
Category | News

It wasn’t a sure thing but the Federal Reserve did in fact raise the Federal Funds rate today by 0.25 percent, which will affect interest rates for a variety of credit transactions such as credit cards and automobile loans while at the same time announcing there will no longer be any predictions regarding rate moves for the following year but did indicate two more rate increases are likely. The Fed Funds rate moved from 2.25 percent to 2.5 percent.

At the very beginning of 2018, Fed Chair Powell announced that we could expect four separate 0.25 percent rate increases by the end of 2018. So far there have been three such rate increases with the final one coming today. There was some change in expectations over the past few weeks whether or not the Fed would actually go through with the promise to make four rate bumps in 2018.

This came on the heels of recent Fed comments that the economy might not be ready for another rate increase and that it’s not a given. Specifically, he stated that rates are “just below” the range Fed officials consider “neutral.” A neutral rate is one that doesn’t stimulate the economy nor slow it down with higher cost funds. Further, Fed comments also indicate that rate increases in 2019 might slow down to only two.

The Federal Reserve’s Federal Open Market Committee, usually referred to as the FOMC, hold two day meetings about every six weeks and the last meeting of 2018 concluded today. One of the ...


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