california home loan: The Mortgage Market Truth
- 07/22/08 07:24 PM
Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't enough, subprime mortgages are also blamed for massive volatility in the stock, bond, credit, futures, and real estate markets here in the US and around the globe. Some say losses in the mortgage securities market alone could reach hundreds of billions of dollars this year. This means that, for any … (0 comments)
california home loan: Clarion Mortgage Capital Named 1 Mortgage Brokerage Firm in America
- 07/22/08 07:13 PM
Broker Magazine, a mortgage loan industry trade publication, ranked Clarion Mortgage (http://www.clarionmtgbanker.com Capital as the number one mortgage brokerage firm for 2007. In a year marked by foreclosures and shrinking loan volume, Clarion rose to the top by attracting professional loan originators. "We have such good loan officers ," said Chris Dietz, Branch Manager for Clarion's main office in Greenwood Village, Colorado. "Working with their own referral sources, they were able to stay busy even though 2007 was a tough year. When other companies went out of business, we were able to attract their best people." Although its loan volume dropped … (0 comments)
Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't enough, subprime mortgages are also blamed for massive volatility in the stock, bond, credit, futures, and real estate markets here in the US and around the globe. Some say losses in the mortgage securities market alone could reach hundreds of billions of dollars this year. This means that, for any … (0 comments)
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