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Loan firms' troubles squeeze home mortgage borrowers (Detroit News)
Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan.
Wed, 20 Aug 2008 05:17:45 GMT.
Arizona State Credit Union and FirstClose(TM) Announce Technology & Mortgage Settlement Services Relationship (Business Wire via Yahoo! Finance)
PHOENIX & AUSTIN, Texas----Arizona State Credit Union and First Close, a service of First Lenders Data, Inc., announced today that they have developed a business relationship where Arizona State Credit Union will access multiple mortgage settlement services through a technology integration FirstClose developed with Appro by Equifax.
Tue, 19 Aug 2008 11:00:00 GMT.
Fannie, Freddie woes raising mortgage rates (MSNBC)
Fannie Mae and Freddie Mac may or may not need a government bailout, but the turmoil surrounding the mortgage finance companies? is raising interest rates, fees, closing costs.
Tue, 19 Aug 2008 23:23:16 GMT.
'Liar loans' drag out the mortgage crisis (The Star-Ledger)
In the mortgage industry, they are called "liar loans" -- mortgages approved without proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
Wed, 20 Aug 2008 04:43:02 GMT.
Liar loans in the United States threaten to prolong mortgage crisis (MSN Money Canada)
NEW YORK - In the U.S. mortgage industry, they are called "liar loans" - mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
Wed, 20 Aug 2008 12:14:13 GMT.
'Liar loans' threaten to prolong mortgage crisis (North County Times)
In the mortgage industry, they are called "liar loans" ---- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job and (no) assets."
Wed, 20 Aug 2008 08:09:39 GMT.
Existing home sales drop more than 20% in July (Austin American-Statesman)
Central Texas home sales declined for the 13th consecutive month in July, and a record 10,913 homes were on the market. The picture could worsen for the next 18 months before a turnaround comes, a veteran mortgage broker predicts.
Wed, 20 Aug 2008 05:22:25 GMT.
Heat bears down on North Texas (The Allen American)
While the scattered rainstorms Wednesday brought a brief respite from the heat wave in the North Texas area, meteorologists project temperatures to return back to the triple digits by the end of the week.
Wed, 20 Aug 2008 06:04:31 GMT.
'Liar loans' threaten to prolong mortgage crisis (Washington Post)
-- In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
Mon, 18 Aug 2008 18:32:14 GMT.
Laurie Zeller Joins Amherst Securities Group as Senior Managing Director of Trading (Business Wire via Yahoo! Finance)
AUSTIN, Texas----Amherst Securities Group, L.P., a broker-dealer specializing in residential mortgage-backed securities , announced today that it has hired industry veteran Laurie Zeller as Senior Managing Director of Trading.
Wed, 20 Aug 2008 12:30:00 GMT.