Yesterday I saw a television ad from Wachovia touting their “Fixed Rate Pick-a-Payment Mortgage” as a sensible choice for homeowners. It struck me as a… Read More »Wachovia Pitching Pick-a-Pay Mortgage Amid Crisis
As the mortgage crisis deepens, it’s clear that opportunities will present themselves, and some winners must emerge. And so PennyMac, or Private National Mortgage Acceptance… Read More »Company Launched to Buy Distressed Mortgage Assets
Fortune magazine released its top 10 list of the most admired mortgage companies in the March 17th edition, which begs the question: What makes a… Read More »Top 10 Most Admired Mortgage Companies
Rare Opportunity for BofA? As expected, Bank of America announced this morning that it would buy struggling mortgage lender Countrywide Financial for $4.1 billion in… Read More »Bank of America to Buy Countrywide
Not surprisingly, the American Dialect Society voted “subprime” the word of the year for 2007. At a voting session in Chicago on January 4, the… Read More »Subprime Voted Word of the Year for 2007
So you’ve probably heard all about the mortgage rate resets that will occur over the next decade, but now you can see them in colorful… Read More »Interest Rate Reset Chart
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
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!
Greenpoint Mortgage was shut down today by parent Capital One Financial Corp., who said weak demand for residential home loans forced the company to shut… Read More »Greenpoint Mortgage Closed
If you scan through mortgage programs and lender rate sheets you may have come across mortgage lingo such as “pay rate” or “teaser rate”. Though… Read More »Pay Rate vs. Teaser Rate
