IndyMac Bancorp announced earnings this morning, beating street estimates, but seeing a 57% drop in second quarter net income as a result of the mortgage… Read More »Indymac Sees 57% Drop in Second-Quarter Net Income
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
I recently saw an advertisement for the Quicken Loans “Secure Advantage loan,” so I thought I’d do a review to determine if this is a… Read More »Quicken Loans Secure Advantage Loan Review
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
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
I did a recent interview regarding predatory lending. I thought I’d share it here to offer a better insight as to what predatory lending is,… Read More »Predatory Lending Q & A
Sir Richard Branson and his seemingly never-ending business plan has entered a new industry, surprisingly, mortgage. While many critics may think his timing is a… Read More »Richard Branson Enters Mortgage Biz with New Acquisition
As the foreclosure market gains more steam and becomes the focus of the stagnating housing market, companies like RealtyTrac are beginning to grab a share… Read More »Are RealtyTrac’s Foreclosure Listings Misleading?
Bank of America, the sixth-largest home mortgage lender by new loan volume last year in the United States, released a new “no fee mortgage” program… Read More »Bank of America No Fee Mortgage
Amidst the subprime disaster and the current mortgage industry overhaul, companies like Ditech continue to release risky mortgage programs that remind of us how we… Read More »Ditech Freedom Loan
