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credit: The Truth About the Mortgage Market - 09/11/07 11:17 AM
By David Crisp, Senior Loan Officer
Ann Arbor Mortgage Company
  
ANN ARBOR, MI - Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't enough, subprime mortgages are also blamed for massive volatility in the stock, bond, credit, futures, and real estate markets here in the US and around the globe. Some say losses in the mortgage securities market alone could reach … (0 comments)

credit: Mortgage News You Can Use - 04/26/07 03:29 PM
 
April 26, 2007
Rate Watch - Mortgage applications ended their five-week decline last week, helped by a decline in interest
rates. Mortgage applications have slipped in recent weeks, hurt by the recent crisis in the subprime mortgage
sector, which has fueled concerns that lenders may clamp down in loans to borrowers with weak credit.
Borrowing costs on 30-year fixed-rate mortgages averaged 6.13%, down from 6.22% the previous week.
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The New Home Sales Report showed some strength. The Median Price nationwide rose 6.4% to $254,000
and the monthly inventory of new Homes fell to a 7.8 month level from last month's reading of 8.1 months.
The amount of new … (0 comments)

credit: Credit Score and what effects it - 04/04/07 01:56 PM
Many people don't realize how their credit score is created.  It is so important today to realize what effects your credit for the good and the bad.  Below are the basics.
… (1 comments)

 
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David Crisp

Ann Arbor, MI

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Ann Arbor Mortgage

Address: 2200 Green Road, Ann Arbor, MI, 48105

Office Phone: (734) 669-5860

Cell Phone: (734) 646-5641

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