Need for Mortgage Insurance Among New Residential Construction Market Eliminated by BurkeyLoan Program from Carpe Aquam Capital

MARLTON, N.J., July 31, 2013 /PRNewswire/ -- Today, Carpe Aquam Capital LLC announced it will launch a BurkeyLoan program for the new residential construction market. Expanding on its trademarked, The More Affordable Mortgage, the program will eliminate the need for mortgage insurance and dramatically increase buying power for consumers with good credit.

The new residential construction market is sensitive to changes that increase monthly mortgage payments. In the face of rising interest rates the combination of BurkeyLoan structure and elimination of the mortgage insurance premium can increase homeowner buying power upwards of 25% while maintaining and in some cases reducing lender/investor exposure. The program will be available to banks and their builder customers in the new construction market.

The BurkeyLoan is a method of separating the risk characteristics of a loan into transparent and distinguishable tiers based on LTV that investors buy. It differs from pooling, the current process of mortgage securitization, through which all loan tiers and risk are aggregated. The BurkeyLoan was originally developed as a residential mortgage loan solution that enabled lenders to refinance negative equity mortgages and reduce monthly payments, often by as much as fifty percent.

Carpe Aquam Capital LLC is a financial service company that is committed to transforming the mortgage market and building a clear path to a new housing finance system. The Company does not directly originate loans from consumers or non-risk intermediaries. The BurkeyLoan program is only available to state and federal governments, banks chartered by them and select financial institutions. BurkeyLoan and The More Affordable Mortgage are registered trademarks of Carpe Aquam Capital LLC.

CONTACT:
John Burkey, President
Phone: 856.797.3538
Fax: 856.396.7447
Email
www.carpeaquamcapital.com

Carpe Aquam Capital LLC
PO Box 452 - 197 Munger Ave
Marlton, NJ 08053

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SOURCE Carpe Aquam Capital LLC