The McCue Mortgage Company is a privately held company which was founded by William D. McCue in 1949. The corporate purpose at the time of founding was to become involved in the origination and servicing of residential mortgage loans. During the 1950’s the company grew in stature and developed a large mortgage servicing portfolio. By the 1960’s, the McCue Mortgage Company moved into the area of specialized FHA-insured lending.
In 1977, William J. McCue assumed the presidency of the company, and William D. McCue became chairman of the board. Commencing in 1977, the McCue Mortgage Company became active in the Connecticut Housing Finance Authority loan program. In addition, the company became involved in market-rate government lending in both FHA and VA Loan Guaranty programs. In 1990, the company began issuing GNMA securities.
In 1991, the company started a series of homebuyer education classes, meeting the requirements of many loan programs including CHFA and Fannie Mae. The Wholesale Lending Division was created in 1994 to focus on providing first-rate service to mortgage brokers, banks and credit unions.
With record mortgage defaults and foreclosures in the state looming ahead in 2007, Connecticut Governor M. Jodi Rell convened a Task Force on Subprime Lending to examine and make recommendations on subprime lending in the State, and the governor appointed William J. McCue to this committee. In addition and in response to the subprime crisis, on November 1, 2007, the Connecticut Housing Finance Authority selected McCue Mortgage as a lender for the state’s Fair Alternative Mortgage Lending Initiative and Education Services (CT FAMLIES) program.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154