The Story Behind the Mortgage and Housing Meltdown

Born in Washington, DC, Ken Clark grew up the oldest of 6 children to Richard and Mary Clark. His parents had several entrepreneurial ventures, including real estate and restaurants, where Ken and his siblings worked as children. After graduating, Ken set off to California to open and run a Nutrition shop. In 1979, he came back to the East Coast to join his father in his first mortgage company venture. After buying out his father and adding a Virginia state chartered bank to his lending portfolio, he grew Sentry Mortgage Bankers while maintaining a small broker shop called First Guaranty Mortgage. After selling Sentry, the time was return to turn First Guaranty into a national lender and in 1995 set up its headquarters in Tysons Corner, VA. Now with licenses in 44 states and relationships with Fannie Mae, Ginnie Mae, HUD and the Veterans Administration, Ken is able to help folks around the country stay in their homes and improve their financial situations. He takes great price in accomplishing this goal and looks forward to the time when the American Dream of home ownership is a reality again for every person in this country.

During this period of uncertainty with mortgages and housing, Ken along with a large
group of employees that work with him, spend numerous hours working daily to create,
change and come up with ideas that help people that are caught in a mortgage and housing
debacle that certainly he after 30 years in the business and most people living today have
never seen. He has vowed that regardless of what the Government does for banks and the
enormous advantage they have with our money as deposits, he will survive, move forward
and keep FHA, a company that was created to help the underserved and young military
families after World War I, and anybody that needed somebody to show compassion and
the willingness to see the person as a whole.

Kens underwriting style which has proven to certainly be with FHA one of the best in the
country. He does not look at the persons past credit only but rather that along with his future
belief in their ability to make a payment, the one lender that wants and believes that people
are basically good and that delinquencies are basically extenuating circumstances.