CLEVELAND, Aug. 10, 2011 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan (Nasdaq:TFSL) has been honored for the second year in a row for the strength its lending portfolio.
PMI Mortgage Insurance Co. (PMI) presented Third Federal with its second annual "Excellence through Performance," quality award. The award is based on the quality of the mortgage portfolio with PMI, insured between April 2010 and March 2011, and as measured by criteria specific to the portfolio of loans PMI insures. Third Federal is part of a select group of only 24 lenders from throughout the nation to receive the award in its second year.
"It is important to note that even in difficult economic times, we continue to have both strong lending standards and a strong loan portfolio," said Marc A. Stefanski, chairman and CEO of Third Federal. "I am proud of our associates and the work they do in helping Americans achieve the dream of homeownership."
Third Federal Savings and Loan is a leading provider of savings and mortgage products. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal became a public company in 2007. The Association is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 22 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida. As of June 30, 2011, Third Federal assets totaled $10.9 billion.
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