Raleigh, NC, November 20, 2008 --(PR.com
)-- American Dream Residential is focused on funding the American Dream for families throughout the country, with its primary focus on the fast growing southeast and Mid-Atlantic States. American Dream Residential, with U.S. Headquarters in Raleigh, North Carolina, sees opportunity for continued growth in the Triangle at an extraordinary rate.
David M. Damaré explains, “Andrew May’s conservative financial management of American Dream Residential, continual information technology and loan system investments, along with preferred pricing agreements, have resulted in 5% growth this year during the real estate market slump.”
This type of advanced technology and quality loan-production is exactly what The David M. Damaré Team looked for in order to secure long-term success. David Damaré sees the alliance with American Dream Residential as a crucial step in ensuring his clients have access to the most secure mortgage loans available.
“As far as the turbulent times in the financial markets, those who maintain a long-term prospective will benefit significantly over the years from a real estate purchase in the Triangle especially during this down market,” Damaré comments, “Most of the media coverage is the result of short term investors and traders, including Wall Street investment banks and hedge funds. Many of our failing banks took advantage of the American people with bad mortgage advice. As a broker and lender, American Dream Residential Mortgage-Andy May Group, LLC is able to select the best wholesale products for our clients, rather than simply selling bank retail products that hurt the consumer.”
American Dream Residential was founded in 2005, though President, Andrew May, has owned mortgage companies with over 500 employees and over $2 billion in annual originations throughout the past 20 years. Prior to American Dream Residential, Andrew May held senior positions including Senior Vice President and Treasurer of JP Morgan Chase’s $140 billion mortgage portfolio, Senior Vice President and Director of all mortgage products for Chase and Vice President and Director for AIG United Guaranty’s mortgage insurance division. May is a master certified mortgage banker and received his MBA from Duke University.