|
Mortgage Insider Latest thing to buy online … a mortgage These days you can buy just about everything online, so why not mortgages? There are Web sites for big investors, but until now small investors have had to find loans other ways, says Jeff Freud, founder of Irvine-based LoanMarket Inc. Freud hopes to change all that with www.loanmarket.net, a site he launched in March for buying and [...] 05/16/09 3:00 am Just saw this on National Mortgage News: In a recent case that even raised the eyebrows of a spokesman for the Texas attorney general’s office, a woman in the Lone Star State was sentenced to 99 years in prison for mortgage fraud. Yes, you read that correctly: nearly a century in jail. Though other recent Texas [...] 05/15/09 6:33 pm Bank chiefs could be ousted, or not Bloomberg ran a story today quoting Federal Deposit Insurance Corp. Chairman Sheila Bair saying some bank chief executive officers will be replaced within the next several months as regulators monitor how banks respond to previously released stress tests. The FDIC put out a release saying Bair’s comments were mischaracterized. Here’s the exchange between Al Hunt of [...] 05/15/09 12:40 pm Is ‘walking away’ from a home justified? Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Torn in Huntington Beach asks: Q. I have excellent credit and I have few tax deductions, so I pay a good percentage of my income to [...] 05/15/09 3:00 am Commercial lending declines in Q1 Commercial and apartment lending plummeted 70 percent in the first quarter vs. a year ago and 26 percent vs. the fourth quarter, the Mortgage Bankers Association said on Wednesday based upon their lending index. Blame the recession, and drops in both demand and supply of loans, the association said. Here’s how property types compared to first quarter [...] 05/14/09 6:00 pm |