foreclosure loan: firesale sub prime lenders >? they are on fire - 08/16/07 05:42 PM
Among the 20 largest subprime lenders in 2006 ranked by Inside Mortgage Finance more than half have tried to sell themselves or left the business. The list includes companies that may have offered subprime, prime or Alternative-A loans. Some of the most recent developments: American Home Mortgage stopped making loans after … (0 comments)
foreclosure loan: more lender's in trouble - 08/15/07 12:56 AM
According to an article in the Wall Street Journal, Option One, Countrywide and First Franklin (Merrill Lynch) will no longer offer 2/28 loans. A spokesman for Countrywide said that investors' demand for such loans is "very, very limited." Alliance Bancorp. ceased operations on July 13th per a message placed on their … (2 comments)
foreclosure loan: arm to blow out ! foreclosure to come out .. every where. - 08/05/07 04:17 AM
Who were the big originators in the first quarter of 2007? Countrywide did $115 billion, Wells did $68 billion, and Citi was third with $55 billion. (So yes, Countrywide did almost as much as Wells and Citi combined for January through March.) Industry-wide the first quarter of 2007 was down about … (0 comments)
foreclosure loan: freddie mac is here to save the home owners ! - 04/26/07 02:07 PM
Freddie Mac said it would provide backing for up to $20 billion in new mortgages to aid distressed subprime borrowers. The offer was aimed at assisting borrowers who would normally qualify for fixed-rate loans, and assures lenders that there will be financing available if they shift borrowers from high-risk subprime loans … (0 comments)
foreclosure loan: would dow 13000 bring the housing market up ! - 04/26/07 01:40 PM
Thursday's bond market has opened in negative territory following early stock gains. The stock markets are continuing their upward march with Dow holding its 13,000 plus level. It is currently up 15 points while the Nasdaq has gained 5 points. The bond market is currently down 6/32, which will likely push … (0 comments)
foreclosure loan: FAST foreclosure looming in Las Vegas, NV - 04/07/07 06:07 AM
A recent data came out that in Las vegas, NV over 240 houses are going to foreclosure everyday ! That is really an alarming rate, especially for the city which has churned over 50% appreciation for the past 2 years. The potential movement of the foreclosure is really preity alarming, … (3 comments)
foreclosure loan: 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)
foreclosure loan: lenders trying to be an alligator ! - 03/26/07 03:51 AM
Are lenders trying to be an alligator, the whole foundation of the mortgage business has increased the volatility, and shaken the big position investor. I did have a talk to a big financial hedge fund manager, according to him the mortgage industry is taking a big hit from the media, … (1 comments)
foreclosure loan: people who would make money in foreclosure market - 03/17/07 11:36 PM
It is really sorry to say in foreclosure market we have a lot family's losing their house. But their are a lot of "business minded" people who have taken advantage of this distressed home owners. Just a word of caution to make sure that you need to know the people who you are … (1 comments)
foreclosure loan: 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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Among the 20 largest subprime lenders in 2006 ranked by Inside Mortgage Finance more than half have tried to 
