American Home Mortgage Closes Doors
American Home Mortgage Investment Corp., the under pressure mortgage lender who had earlier in the week announced fresh layoffs, has announced today that it will… Read More »American Home Mortgage Closes Doors
Indymac Sees 57% Drop in Second-Quarter Net Income
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
New York Pledges $100 Million to SONYMA Refinance Program
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
Quicken Loans Secure Advantage Loan Review
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
Mortgage Bubble Byproduct: Homeowner Education
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
Pay Rate vs. Teaser Rate
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
Predatory Lending Q & A
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
Richard Branson Enters Mortgage Biz with New Acquisition
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
Are RealtyTrac’s Foreclosure Listings Misleading?
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 No Fee Mortgage
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