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subprime: Thousands Lose Their Jobs With Subprime Setbacks - 03/12/07 08:16 PM
 
Graph: In Thousands, Mortgage Employment since Jan. 2002
Mortgage employment statistics began to reflect the growing number of closings and scale-backs in the subprime industry.


The Bureau of Labor Statistics (BLS) reported 489,200 full-time mortgage positions in the month of January.
Employment reporting at the Bureau generally lags one month for the mortgage industry.
Employment … (0 comments)

subprime: Fremont Sends Employees Packing With Subprime Exit - 03/08/07 01:17 PM
Fremont General Corp. has put a number of their employees on paid leave "pending further information" after the company was issued a cease-and-desist which prompted an exit from the subprime business.The cease-and-desist issued by the Federal Deposit Insurance Corp. (FDIC) demanded the end to 14 violations including ``unsatisfactory lending practices'' and … (0 comments)

subprime: Mortgage Applications Climb With Surge in Refinancing - 03/08/07 01:11 PM
 
Graph: MBA Applications Index over 52 WeeksFor Week Ending: March 2, 2007Seasonally AdjustedTotal Mortgage Activity: Up 7.3%MBA Market Index Now: 671.6Index One Week Earlier: 626.1Unadjusted BasisTotal Mortgage Activity: Up 19.9%One Year Ago: Up 15.6%Seasonally AdjustedRefinance Activity: Up 15.0%Index Now: 2234.2One Week Earlier: 1943.5Purchase Activity: Up 1.0%Index Now: 405.3One Week Earlier: 401.3Percentage … (1 comments)

subprime: More Problems for Mortgage Lenders Network - 01/25/07 05:26 PM
State banking regulators in eight states - including Michigan, New York, Pennsylvania, and the entire New England region - have issued cease and desist orders to Mortgage Lenders Network USA, Inc. after the subprime lender left more than 1,500 customers without funds for mortgages that had been approved or even closed.Cease … (0 comments)

 
Loan Officer: Kevin Rhodes (Continental Home Loans)
Kevin Rhodes
Bridgeport, CT
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Continental Home Loans

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