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Over the past couple of weeks, many of the lenders who work with sub prime or riskier loan products like, 80/20 piggy-back products, interest-only, negative amortization loans, no income or asset verification loan products are under increasing pressure to buy back those loans which are in default.
The default and foreclosure rate on ...
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It's tough to survive in today's mortgage lending industry. Many originators, particularly those that have been specializing in the subprime niche of the market, are folding their tents and silently leaving the business. But there's a bright side of that development for the mortgage industry and consumers.
"We're seeing 40 ...
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March 7, 2007 UpdateWow, we had a great turn out last night, 15+, great feedback and I think we all learned a little in the process. I would like to Thank the great people at Alamo Title and their help in putting this together. I would also like to thank the other Vendors in their help. We hope to hold the next one at a ...
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