Ex Pro Wrestler Enters Mortgage Business
If you’ve ever watched “pro” wrestling, you’ve undoubtedly heard of Ric Flair, the undisputed king of flair, and an all time great in the eyes… Read More »Ex Pro Wrestler Enters Mortgage Business
Mortgage Tips
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.
First Franklin Said to be Firing Staff
The message boards are on fire today with news of even more layoffs, or, ahem, firings. According to one poster over at Brokeroutpost.com, First Franklin… Read More »First Franklin Said to be Firing Staff
Washington Mutual Closing Three Fulfillment Centers
I received word today that Washington Mutual Home Loans in the process of cutting more employees, and that the bank will be closing down three… Read More »Washington Mutual Closing Three Fulfillment Centers
Struggling Lenders Carry Nasty Side Effects
As more mortgage lenders go belly-up, associated problems are beginning to rear their ugly heads. Such was the case when First Magnus Financial closed down,… Read More »Struggling Lenders Carry Nasty Side Effects
Survey Reveals Major Problems in Wholesale Mortgage Industry
According to a survey conducted by Washington-based Campbell Communications, roughly 33% of home purchase closings originated by mortgage brokers in August were canceled. The survey… Read More »Survey Reveals Major Problems in Wholesale Mortgage Industry
LendingTree Cuts Option Arm and Bad Credit Ads
Mortgage offer aggregator LendingTree sent out an e-mail to affiliates today asking them to remove all advertising containing verbiage relating to option-arms, MTA loans and… Read More »LendingTree Cuts Option Arm and Bad Credit Ads
Lowermybills Dancing Alien Ads Are Back!
Dancing aliens rejoice. The ads are back. Apparently dreams do come true sometimes. A few weeks ago, a blogger from the New York Times had… Read More »Lowermybills Dancing Alien Ads Are Back!
Decision One Layoffs
I’m hearing that Decision One, the non-conforming wholesale mortgage arm of HSBC, has possibly laid off a few hundred employees. A source “confirmed” the layoffs,… Read More »Decision One Layoffs
Foreclosure Tax Burden
With the news of adjustable-rate mortgages due to reset and the continued threat of declining property values, the hot word on the street seems to… Read More »Foreclosure Tax Burden
Countrywide to Cut Up to 12,000 Jobs
Just saw this on CNBC; apparently the Wall St. Journal is reporting that Countrywide plans to cut 10,000 to 12,000 jobs in the next three… Read More »Countrywide to Cut Up to 12,000 Jobs