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.
It would appear the situation at Countrywide Financial is deteriorating rapidly despite recent media reports speculating that the worst of the mortgage crisis was behind… Read More »Countrywide September Loan Funding Down 44 Percent
A former Senior training manager who conducted many of the AE trainings at Countrywide staged a protest at a Full Spectrum Lending/Consumer Markets Division branch… Read More »Former Training Manager Stages Countrywide Protest
Experian, one of the three major credit reporting bureaus, claims its new VantageScore technology can segment subprime borrowers, leading to a more accurate risk assessment… Read More »Experian Touts VantageScore to Improve Risk Assessment
According to an annual cost study conducted by the Mortgage Bankers Association, mortgage production profits fell from $258 a loan in 2005 to a loss… Read More »Mortgage Profits Declined Sharply in 2006
The Bush Administration launched a new mortgage coalition today to help educate homeowners and stem the rise in foreclosures. The new initiative, referred to as… Read More »Hope Now Initiative Launched to Aid Homeowners
The community activist group ACORN, or Association of Community Organizations for Reform Now, demonstrated outside several Countrywide branches on Tuesday, claiming the beleaguered lender was… Read More »Demonstrations Held Outside Countrywide Branches
At a conference Tuesday in Bombay, India, Standard and Poor’s chief economist David Wyss said the mortgage crisis in the United States would likely deteriorate… Read More »S&P Chief Says Mortgage Crisis to Worsen
Thornburg Mortgage Inc. said in a statement this morning that it lost $1.1 billion selling bonds backed by adjustable-rate mortgages. The Santa Fe, New Mexico… Read More »Thornburg Ups Mortgage Loss Estimates
Market Street Mortgage, the retail mortgage division of now defunct NetBank will cut 182 jobs, according to a Worker Adjustment and Retraining Notification filed with… Read More »Market Street Mortgage Layoffs
Merrill Lynch said today that it expects a loss of up to 50 cents a share when it releases third quarter earnings on October 24,… Read More »Merrill Lynch to Write Down $5.5 Billion
