default: mortgage turmoil - 03/30/07 01:32 PM
Federal Reserve Chairman Ben S. Bernanke few weeks ago blamed loose lending for the recent turmoil in the
mortgage market and told Congress that "it's worth looking at" the idea of creating a law against certain lending
practices. Is fit a sign that the congress would bail out the family's who are … (0 comments)
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default: sub prime stock's are up >? - 03/16/07 05:45 PM
With the meltdown at an all time high, stock like Accredited, Fremont, and New Century has been up over
50% percent for the past two days. Courtesy of Credit Suisse literrally bailing them out of debt, they have
bought their notes in a big discount, bringing their stocks 100% within the … (0 comments)
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default: big boys in the block to save the sub prime crunch lenders - 03/16/07 05:21 PM
Rumors have sprung up that Goldman Sachs is interested in buying Accredited, which helped their stock price yesterday.
National City said that it wrote off $11 million stemming from subprime home loans, expects to write off more, and may boost reserves by $50 million because an insurer is rejecting mortgage-related claims. … (0 comments)
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default: even builders are in foreclosure - 03/12/07 05:42 AM
Pulte tries foreclosure strategy to save development !
Even buiders are foreclosing to save some money ! Oh my God, what the heck.. This is a complete
highway robberry, this folks are making billions & billions of dollar a yeat. I guess they won't mind
doing it, … (1 comments)
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default: A big merge could save the ailling sub prime market - 03/05/07 12:35 AM
Subprime companies that specialize in B & C paper loans have suffered as housing prices stopped rising
and interest rates climbed from record lows. A credit crunch in the market for low-end mortgages has left
companies specializing in these subprime loans at the mercy of big banks like Merrill Lynch & Co. Goldman … (0 comments)
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default: what is a sub prime mortgage - 03/05/07 12:04 AM
Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. While these
loans remain a small part of the home lending industry, they've helped more people buy homes who previously
couldn't afford it, helping to fuel a surge in housing prices in 2004 and 2005. By … (0 comments)
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default: is it the demise of the sub prime lenders - 03/04/07 11:54 PM
Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. Lenders
specializing in such loans, like New Century, Country Wide, Indy Mac rely in part on big banks known as
warehouse lenders to finance their operations. These backers require that subprime lenders meet certain … (0 comments)
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default: is west coast in the grip of foreclosure, or sub prime melt down. - 02/26/07 05:22 AM
West Coast has been bearish with the foreclosure up for more than a decade. With the market crossing the
peak last year. Company like Ownit, Concorde, and 50 other consumer lender going out. Has made the Wall
Street worry of the state of real estate for the short term. Consumer spending going … (1 comments)
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default: California foreclosure looming ! ! ! ! ! Where are the investors . . . . smart investords - 02/24/07 02:44 PM
With California foreclosure looming out of hand, real investors has been stopped investing in market.
For the time being, but "smart investors" are still making their money. There is an saying "old` horse don't
die, but the retire for time being", california has stopped appreciating with the the way it has … (0 comments)
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default: closed lenders - 01/12/07 05:58 AM
Sebring, Ownit, Mortgage Lending Network, Banco Popular. Secured Funding of California has closed its wholesale
division, 33% of their production. Based in Southern California, they posted a notice saying that, based on
"market conditions," it has "stopped funding new applications, and will have until the 12th of January
(tomorrow)" to fund … (1 comments)
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default: Secured Funding Shutters Wholesale Unit - 01/10/07 01:26 AM
Secured Funding of California has shuttered its wholesale division, which accounts for about one-third of its total
production. As MortgageWire neared its deadline, a company official declined to comment. It is the latest in what
is turning out to be a long line of nondepositories that have run into financial problems … (0 comments)
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default: who cares if you miss a mortgage payment ? - 12/25/06 05:08 AM
What happens if you don't make your monthly mortgage payment? In some cases, the original lenders are
taking the biggest hits. In typical contracts, mortgage banks agree to buy mortgages back from Wall Street in
the case of a payment default within the first 90 days. H&R Block (owner of Option … (2 comments)
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default: ARM underwriting? - 12/25/06 05:04 AM
What is the current state of the adjustable rate market? Aurora just announced that on their "neg am" ARM
loans, the borrowers must qualify at the fully indexed rate as well as the maximum negatively amortized loan
amount. It is predicted that other lenders will follow. Too many lenders are seeing … (0 comments)
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default: ownit mortgage is gone ~ who is next to come... dooms in the mortgage industry is coming! - 12/07/06 01:38 AM
People doing business with Ownit Mortgage received this notice yesterday: "It is with deep regret that we inform
you Ownit Mortgage Solutions will cease operations on December 6, 2006. For the past three years, we have
pursued a mission to influence the mortgage industry toward increased affordability options for a … (7 comments)
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