Today's Fresh Blogs...

• Aegis Mortgage Goes BK

  Published: August 6, 2007, 1:42 pm

  Tags: News, Financing, Mortgage, Aegis, Barclays, Bonds, Lending, Mbs, Mortgages, Sub Prime, Subprime

  they will be shutting down lending operations. This comes on the heels of some pretty serious turmoil in the secondary markets last week and I am sure that this week will see more big news (big as in more meaningful than some of the smaller operations that have gone under over the past few months). Barclays appears to be right at the front of

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• Bye Bye Option ARMs

  Published: August 2, 2007, 5:49 pm

  Tags: News, Financing, Mortgage, Alt, Lending, Loans, Mortgages, Sub Prime

  trouble in the real estate lending market. I fail to see how the former can really form an opinion like that, especially if they are involved in home mortgage lending. Related: Content Tags:Alt A Lending Loans Mortgages sub primeAlt A, Lending, Loans, Mortgages, sub

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• Inflation in Check…for Today

  Published: May 3, 2007, 12:49 pm

  Tags: News, Financing, Mortgage, Lending, Loans, Mortgage, Sub Prime

  the effects of these insane lending practices. Each day, Wall Street investors (those who make the funds available for the vast majority of home loans in the US) have been shrinking their appetite for non-traditional loans. This has translated into less ability for people with not-so-great credit, questionable income, and little to no equity to

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• Would you want to buy an ailing subprime lender right now?

  Published: August 13, 2007, 11:48 am

  Tags: Mortgage Musings, 2 Year Arm, 2 Yr Fixed, 2 28, 2 28s, Subprime Arms, Subprime Lending, Subprime Mortgages

  Neither does Lone Star. Lone Star had agreed to purchase Accredited Home Lenders for $400 million but in a recent SEC filing says in intends to back out of the agreement. From Housing Wire: Lone Star slated to purchase Accredited for $400 million filed a statement with the SEC late Friday disclosing that it no longer intends to complete

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• Run on banks in L.A. as it's time to pay the piper for Countrywide

  Published: August 17, 2007, 2:16 pm

  Tags: Sub Prime Lending, Bush Economy

  The full flowering of the Bush economy comes home to roost. The formerly go-go sub-prime market's crashing down -- and one bank's woes are roiling customers.Anxious customers of Countrywide Bank jammed its phone lines, branches and website after the nation's largest mortgage lender -- which owns the bank -- announced it was facing problems from a

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• Rebuilding Your Loans

  Published: August 19, 2007, 2:22 am

  Tags: Money Talks, Refinance, Loans, Mortgage, Personal, Institutions, Lending, Gaining, Homeowners

  offer refinance mortgage lending. Loans, mortgages and refinancing are usually confusing, if you want to learn more about these just visit, Rebuild.org.

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• Bring on the lawsuits

  Published: August 21, 2007, 1:21 am

  Tags: Mortgage News Insight, Lawsuits, Option Arms, Subprime Home Loans, Subprime Mortgage, Subprime Refinance, Truth In Lending

  Violation of the Truth-In-Lending act for failure to provide clear and understandable disclosures. These will be popular in Option ARM lawsuits. Fraud or misrepresentation. These will be popular in cases surrounding stated income loans. Valuation and cash back schemes. Loan officers, appraisers and title/escrow units work together to

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• National City Warehouse Stops Approving Non-Agency Loans

  Published: August 21, 2007, 1:52 pm

  Tags: Mortgage News Insight, Correspondent Lending, Fannie Mae, Freddie Mac, National City, Warehouse Lines Of Credit

  The market for jumbo loans, pay-option loans and other non-agency mortgages just got a lot tighter… In a recent letter to correspondent lenders (no link sorry) National City announced that they will not longer be approving or funding any non-agency loans via their warehouse lines of credit. These credit lines are extended to their

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• Preserving the American Dream: California Lags Other States in Responding to the Foreclosure Crisis

  Published: August 23, 2007, 10:00 am

  Tags: Responsible Lending

  Center for Responsible Lending http://responsiblelending.org Before the California Senate Banking Committee August 21, 2007 [Editor's note: Tuesday, overshadowed by the passage of the state budget, the California State Senate Banking, Finance, and Insurance Committee held its third informational hearing of the year regarding the

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• Preserving the American Dream: California Can Help Borrowers Avoid Foreclosure

  Published: August 23, 2007, 9:55 am

  Tags: Responsible Lending

  Center for Responsible Lending Before the California Senate Banking Committee August 21, 2007 Providing some assistance and relief to current borrowers faced with defaults and foreclosures is a pressing priority. We propose three strategies for the state to implement: emergency funding support for foreclosure prevention counseling and

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• Preserving the American Dream: Legislative Recommendations to Protect Future Borrowers in California

  Published: August 23, 2007, 9:50 am

  Tags: Responsible Lending

  Center for Responsible Lending Before the California Senate Banking Committee August 21, 2007 California appears to be following the federal regulators in establishing new lending standards for subprime loans. Other states have shown much greater leadership in both establishing tougher lending standards and in strengthening procedures

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• Understanding Flow-based Correspondent Lending

  Published: August 24, 2007, 3:14 pm

  Tags: Mortgage Musings, Industry Mortgage Tips, Consumer Mortgage Tips, Correspondent Lending, Direct Lenders, Flow Based Lending, Mortgage Bankers

  of flow-based correspondent lending. Flow-based lending is typical for small direct, correspondent lenders. Please note that this does not represent all mortgage banking and correspondent banking scenarios it is accurate for smaller flow-based correspondent scenarios. View the video here. As always we appreciate your feedback. Stay tuned

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• Impac exits wholesale lending

  Published: August 27, 2007, 5:39 pm

  Tags: Mortgage News Insight, Brokers, Impac, Ml Implode Com, Wholesale Lending

  to exit the wholesale lending arena. They are keeping a small internal retail operation; but have ceased doing business via the broker channel. This report is courtesy of the ml-implode.com premium email service; which I highly recommend subscribing to if you are interested in the latest news in the mortgage industry. There is no

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• Countrywide goes on the B2B offensive

  Published: August 29, 2007, 12:43 am

  Tags: Mortgage News Insight, Brokers, Countrywide, Subprime Lending

  in the annals of mortgage lending. As such, this communication is the first of a series that will outline how Countrywide , America’s Wholesale Lender is navigating through this challenging market. Additionally, it is my desire that these ongoing communications will share some perspective that will help you to adapt and prosper in

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• Swiss Banker says our lending standards suck.

  Published: August 28, 2007, 4:34 pm

  Tags: Housing Market, Economy, Lending Standards

  the collapse in US lending standards as "unbelievable". Jean-Pierre Roth, president of the Swiss National Bank, said market turmoil was far from over as tremors from the sub-prime debacle continued to rock the world. "We're certainly not at the end of the story. There are question marks surrounding the development of the American

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