The McCue Mortgage Company is a privately held company that 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 1950s, the company grew in stature and developed a large mortgage servicing portfolio. By the 1960s, 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.
On November 29, 2009, McCue Mortgage was recognized for its 60 years of service to Connecticut homebuyers. Connecticut Governor M. Jodi Rell proclaimed November 29 McCue Mortgage Day in the state. As stated in Governor Rell’s recent proclamation, “Through the company’s and Mr. McCue’s dedication to the community…the McCue Mortgage Company raises the standards of excellence in the State of Connecticut.”
The University of Connecticut awarded McCue Mortgage with its “Family Business of the Year” award in 2010, exemplifying the company’s contribution to the community and industry, outstanding business achievement, and positive demonstration of family involvement across multiple generations. Also in 2010, William J. McCue was appointed to Governor Malloy’s Transitional team as a co-chair of the housing group. The committee was formed to reevaluate spending and propose projects that will make large impacts with minimal monetary cost within the state.
McCue Mortgage’s commitment to customer service, focus, and innovation has positioned the company to serve homeowners for another 60 years! Learn more about the history of McCue Mortgage and the road to our 60th Anniversary at our Anniversary website: www.mccuemortgage.com/60.