mortgage crisis: Mortgage Crisis In Action
- 09/12/07 06:40 AM
On July 30 of this year, the investment rating agencies lowered the ratings on funds that held certain mortgages. The result was investors pulling back on buying such securities that held questionable mortgages. What happened next was front page news, and still is today. Lenders quickly realized that there was no market to sell their loans, so they stopped offering them, simple as that. What started to be a subprime crisis, turned to other loans that carried higher risk. Some loans remained on the books in early to mid August, but the rates went up 2 points, basically pushing their product off … (0 comments)
mortgage crisis: Lenders Panel sheds light on current mortgage crisis
- 09/11/07 11:45 AM
The All Star Lender Panel was a sold out success. Sponsored by Santa Cruz Home Finance, Santa Cruz Title and SCOAR, Karen's e-mail to the members resulted in a sell-out within hours! A second event was scheduled and quickly filled. A third event is scheduled for 9/5/07 at 10am.
The event's creator, Tai Boutell, along with Greg Flowers, Dave Deteso, Mark Junod, Sue Bullock and Rick Campbell presented valuable insight into our mortgage industry. Starting with a Fed rate cut just hours before the event, the panel was off with a bang.
Greg Flowers gave a clear outline of the movement … (0 comments)
On July 30 of this year, the investment rating agencies lowered the ratings on funds that held certain mortgages. The result was investors pulling back on buying such securities that held questionable mortgages. What happened next was front page news, and still is today.;)
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