foreclosure: Bear Stearns: is that bail-out, or "plunger protection" working the market as a whole ? - 03/17/08 06:19 AM
A forced marriage by the FED FED must stop the chain reaction before it happens or almost every major finanical institute would face a severe counter party risk based write down(much more uglier than sub-prime). cheap load(arranged friday) to BSC is useless too as no one would think that is enough … (8 comments)
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foreclosure: who would reign the sub prime market, is it the big financial institution - 04/09/07 12:56 AM
We have lost a big sub prime lenders like Century, Ownit-It, owned and managed by the best in the
mortgage industry. Is the congress trying to tie up a secret merge by a big financial institution like
Goldman Sachs, Merril Lynch, Bear Stearns, Citi Group to bail-out this company, and … (0 comments)
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foreclosure: 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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foreclosure: roller coaster mortgage >? news about mortgage's - 03/16/07 05:31 PM
In local news today, Merrill Lynch is purchasing First Republic Bank for $55 per share. First Republic shares are up 41% this morning.
Mandalay Mortgage, a top-30-ranked subprime wholesale originator, announced that is closing its doors tomorrow and will stop funding loans. I guess that this leaves more room for the remaining lenders … (0 comments)
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foreclosure: 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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foreclosure: 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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foreclosure: 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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foreclosure: 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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foreclosure: 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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foreclosure: Nervousness: sub prime in real trouble - 03/04/07 11:46 PM
Federal bank regulators demanded tougher standards for subprime loans, saying they're worried that
borrowers of adjustable-rate mortgages may not understand the risks associated with them. Overall, many
market watchers are blaming the complacency that had seeped into markets over the past year, and especially
the U.S. market's uninterrupted run higher … (0 comments)
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foreclosure: 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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foreclosure: san jose foreclosure looming >? who to blame. - 02/26/07 03:43 AM
I have saved a lot of clients who are in the process of foreclosure, or has received NOD. They have been
remnants of the boom recently created by the short term low interest rate which the FED gifted to the people.
It has been incentive for me in helping them, but the … (1 comments)
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foreclosure: 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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foreclosure: what the FBI is seeing in mortgage fraud - 01/24/07 12:55 AM
OK... mortgage fraud. The FBI's typical case involves so-called "fraud for profit," which happens when criminals
seek to make off with the funds from a loan. Criminals will buy a house, often using a stolen identity, from a
legitimate seller, then immediately put the house up for sale. Others in the … (2 comments)
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foreclosure: 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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foreclosure: 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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foreclosure: is foreclosre looming >>??? - 01/06/07 06:48 AM
According to Housing Tracker, Las Vegas Inventory has been steadily building for many months, and has now
surpassed the 20K mark-while prices have been declining slowly. I can attest to the fact the market is slowing
and Inventory is building, as there are 12 homes for sale on my street alone. … (0 comments)
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foreclosure: mortgage loom. foreclosure in the secondaty market - 01/04/07 05:58 AM
Another large subprime lender has ceased funding loans: Mortgage Lenders Network USA. Based in Connecticut,
with over 1,500 employees, the company is rumored to have run into trouble due to "pricing issues" and is the
third largest subprime lender to have negative press recently. It is certainly an interesting time to watch … (0 comments)
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foreclosure: 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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foreclosure: 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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foreclosure: A Guide to Selecting Whether to Work With a Broker or a Direct Lender - 12/23/06 02:31 AM
A Guide to Selecting Whether to Work With a Broker or a Direct Lender
Hard Money Lenders are in the business of providing loans and loan services to people who require hard money loans (loans collateralized by real estate.) Hard money lenders may be direct hard money lenders or hard money brokers. … (1 comments)
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foreclosure: Utilizing the advantages of hard money to help build up your real estate equity and investment portfolio - 12/23/06 02:27 AM
Real estate investing is one of the most common uses of hard money funds. Real estate investing is a cash
intensive financial activity. In order to take advantage of ongoing projects, investors often require more
operating capital than conventional banks are prepared to provide on short notice.
When conventional financing takes … (1 comments)
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foreclosure: treasuries fall 2nd short weeks - 12/18/06 02:11 AM
Treasury bonds declined for a second straight week, pushing yields near the highest this month, as reports showed enough economic strength to allow the Federal Reserve to keep interest rates steady. The central bank left its benchmark interest rate unchanged at 5.25 percent for a fourth consecutive meeting on Dec. 12 … (0 comments)
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foreclosure: hard money ~ loan - 12/11/06 06:36 PM
Hard Money is a diversification to an already used income stream.Loan Officers don´t use it as much as they could out of some unknown reason? Not quite sure if it´s education of products
or fear of telling someone about a 12% rate,The rates are obviously a difficulty to the product but … (5 comments)
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foreclosure: hard money - 12/11/06 06:34 PM
Hard money is based on equity. Appraisals are looked at with a closer eye than a Subprime/a lender. If the
value isn´t there, and your appraiser is pushing value, you will get an appraisal cut. Instead of telling your
appraiser what you "need" the value to be, just let your … (2 comments)
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foreclosure: Fannie mae? are they doomed - 12/08/06 02:56 AM
How much do you care about FHLMC & FNMA? An article in yesterday's Wall Street Journal mentions that "home
builders and real-estate brokers oppose any effort by the government to shrink Fannie and Freddie, contending
that their purchases of mortgages are vital to the housing market. With the housing market … (0 comments)
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foreclosure: 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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foreclosure: home equity line ~ where are you! - 12/07/06 01:35 AM
For borrowers, opening a home-equity line of credit is no longer a slam dunk for three reasons: the rates are
higher than they were three years ago; if prices slip a borrower could owe more than their house is worth, and
the cost of construction may actually be greater than … (0 comments)
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foreclosure: don't be the last to default - 12/05/06 04:02 PM
California home-loan defaults rose to their highest level in four and a half years last quarter as lower sales of
houses and condominiums and slowing price gains made it harder for homeowners to sell and pay off
mortgages. Banks and other lenders sent 26,705 default notices to California homeowners, more … (0 comments)
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foreclosure: check this one out ! - 12/05/06 03:58 PM
Good morning! If you find a decent lending niche, and can fill it, that is regarded as a success. Have you ever
wanted to loan money to a friend or family member, but wanted to maintain a formal lending relationship? Here
ya go! http://www.circlelending.com/ I heard their ad on the … (0 comments)
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foreclosure: dO i StIlL NeEd HeLp In PoStInG ~ hElP mE eXpErT ! - 12/02/06 08:05 AM
Need Help With A FORCLOSURE??I have been working with the real estate investor who has studied the foreclosure process. We are familiar with the procedure and understand the many ways in which owners can halt the foreclosure and perhaps save their property and equity. It is in our practice to contact owners who … (1 comments)
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foreclosure: what the hell is going on with the market - 11/26/06 07:41 AM
What the hell is going on the market>?No one is coming in the office> I just really have to make sure to make my self the next billionaire in the tough real estate market. I have to be more creative, and have to expose my self in the world. The growth … (4 comments)
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foreclosure: tips for starting real bad in real estate - 11/26/06 07:35 AM
don't over trust your realtor. they are in the business of making money... and make sure .... that would be your money...thinking that you know better that your real estate professional. that is really bad in your part~ but being able to know how everything. they are (real estate professional~ name~ly: … (0 comments)
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foreclosure: foreclosure~ where is uncle sam. - 11/26/06 06:31 AM
Foreclosure has been steadily going up, the economy is uncertain, with Bernanke still guessing what to do the with the short term rate. Who are we to blame for this biggest real estate appreciation of the history, closing with a bust! Is that the irrational exuberance of the peoplewho invested their … (1 comments)
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foreclosure: positioning: the battle for your mind in "real estate" - 11/23/06 07:11 AM
Better POSITIONING became a roaring success, the buzword of marketing and advertising in the world of business.
Positioning starts with a product. A piece of merchandise, service, a compnay, an institution, or even a person. Positioning is what you do to the mind of the prospect. That is, you position … (2 comments)
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foreclosure: hard money ~ are we shark, A bIg MiScOnCePtIoN - 11/20/06 06:21 AM
I have been battling with realtor(s) for the past four (4) years, for the rates, and strustures of loan in the
financing circle. Foreclosure's now coming in a big way, so is hard money coming every out. The same realtors
I have been dealing for the past four to five years have been … (3 comments)
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