subprime: Imperial County California Ranks Highest in State for Subprime Lending - 04/28/08 12:57 PM
Imperial County California, one of the States poorest counties located in an area north of the Mexican border in the bottom south-eastern portion of the State has the highest concentration of subprime and piggyback mortgages in the State according to a study released by Consumer Federation of America (CFA) in January 2008.The CFA analyzed about 1.2 million mortgages in California, consisting of purchase and refinance transactions from the year 2006 and found that about 1/3 or 32.3% of the mortgages originated in the El Centro, CA MSA (metropolitan statistical area) were subprime loans. The amount of subprime loans originated in the county was more than five times … (0 comments)
subprime: AHM/ABC, a major Alt-A lender part of liquidity crisis - 08/04/07 12:22 AM
American Home Mortgage and American Brokers Conduit's demise~ Opinions and comments from Frederic A Din This info will be posted on my website /blog later, which can be found at www.homeloans.cc/abc Having been a mortgage loan officer for a large national brokerage firm for many years, I have seen my share of banks and lenders come and go, but nothing of recent like what we are seeing during the last 6-8 months. The 80's S&L scandals had similar misrepresentations, however they are small potatoes compared to the type of impact we are seeing today. Plus what we are seeing today is historical, the … (0 comments)
subprime: Are You Stuck with a BAD Mortgage? There is Hope! - 07/17/07 03:20 PM
Mortgage Money Meltdown ~ an investigative report by Frederic A Din, licensed mortgage professional Regardless of your credit rating you may have obtained a mortgage from a list of companies that are now defunct, but that's not the problem. Can you get out of your mortgage may be the actual issue at hand. The real estate industry frenzy since the turn of the century has aided the economy in terms of moving money forward, up and out of the recession from 09/11 and war. Record numbers of transactions in terms of both real estate sales and mortgages brought everyone out of the … (0 comments)
subprime: SubPrime News: American Consumerism and Greed Fuels Mortgage Debacle - 03/19/07 07:22 PM
SubPrime News: American Consumerism and Greed Fuels Mortgage Debacle SubPrime Rants (if you don't agree it's ok, but are you doing something about it? Read on and rant with me...) Just like a child who is guilty of wrong doing and points their finger at someone else, the American consumer is now pointing their finger at someone else. I say they need to look at the three fingers that are pointing back at them and take heed. Learn this simple lesson, if you cannot afford the payment, don't buy it! If the payment will increase to XXX in the near future and if that … (8 comments)
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Imperial County California, one of the States poorest counties located in an area north of the Mexican border in the bottom south-eastern portion of the State has the highest concentration of subprime and piggyback mortgages in the State according to a study released by Consumer Federation of America (CFA) in January 2008.The CFA analyzed about 1.2 million mortgages in California, consisting of purchase and refinance transactions from the year 2006 and found that about 1/3 or 32.3% of the mortgages originated in the El Centro, CA MSA (metropolitan statistical area) were subprime loans. The amount of subprime loans originated in the county was more than five times … (0 comments)
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