I’ve just been informed about an e-mail sent by Countrywide to brokers today regarding the current state of affairs in the mortgage industry. The e-mail… Read More »Countrywide Hints at Demise of Wholesale
Simple guides and tips to help you better understand and prepare for the home loan process. Learn how to get a mortgage, how to refinance, and more about the many different loans programs available.
As the mortgage crisis widens, particularly with the latest news regarding limited liquidity, it makes sense to wonder if correspondent and wholesale lending will be… Read More »Mortgage Brokers May Need to Dust Off Resumes
Two of the largest U.S. mortgage lenders came forward today, saying difficult market conditions would likely hurt operations in the near term. Both Countrywide and… Read More »Countrywide and WaMu Spread Liquidity Fears
The state of New York and the mortgage industry have come together to create a new program called “Keep the Dream” administered by the State… Read More »New York Pledges $100 Million to SONYMA Refinance Program
All this talk about the mortgage industry hitting a wall has actually turned into something really positive. The housing bubble and subprime blowout have generated… Read More »Mortgage Bubble Byproduct: Homeowner Education