Countrywide forced to borrow to stay afloat...like many of our customers! - 08/16/07 12:29 PM
Just in from Wall Street, Countrywide (the countries biggest lender) reports that to stay solven they must borrow against their 1 billion+ credit line to fund opperations. Now I have no idea how much of Countywides portfolio is in sub-prime lending but, I will share with you my experience and also give … (4 comments)

Another one bites the dust: American Home Mortgage files for BK - 08/07/07 11:50 AM
I was just reading on the net that yet another major lender is closing its doors and filling for bankruptcy, American Home Mortgage Company. The interesting part is they are NOT a subprime lender, their portfolio consisted of mostly "A" paper loans.
If you have a client that is preapproved with … (0 comments)

 
Real Estate - Other: Tiffany  Norton (MN-Pro)
Tiffany Norton
Saint Paul, MN
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