Today's Fresh Blogs...

• Fieldstone Mortgage Yup Another One

  Published: August 1, 2007, 6:26 pm

  Tags: Financial, Business, Real Estate, C Bass, Cbass, Fieldstone, Fieldstone Mortgage, Implode, Mgic Investment Corp, Mortgage It, Subprime Mortgages

  as C-BASS, which invest in subprime mortgages and packages the debt for sale. MGIC and Radian had valued their combined investments in C-BASS at roughly $1 billion. (more…) copyright @2007 bu.bulicio.us c bass, cbass, fieldstone, fieldstone mortgage, implode, mgic investment corp, mortgage it, subprime mortgagesIf you enjoyed this

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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

  a purchase of the troubled subprime lender. Lone Star's filing with regulators said that Accredited would fail to satisfy agreed-upon conditions of closing the deal. I’d say SMART MOVE! Way to get the hell out of there. Why would you spend $400 million on a lender that is essentially tied to the whims of other banks who extend credit?

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• Understanding Adjustable Rate Mortgage Loan Documents

  Published: August 14, 2007, 7:18 pm

  Tags: Consumer Mortgage Tips, 228, Adjustable Rate Mortgages, Arm Loans, Loan Documents, Subprime Mortgages

  with adjustable rate mortgages for our consumer friends who feel overwhelmed at the signing table with the sheer volume of paper requiring their John Hancock. In this flagship video I look at a 2-year ARM disclosure, Note, Deed of Trust and ARM Rider documents. The purpose of this video is two-fold: Help homeowners about to sign loan

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• Accredited Rallies on Lone Star Extension

  Published: August 15, 2007, 12:37 pm

  Tags: Wall Street, Accredited Home Lenders, Ailing Mortgage Lenders, Subprime Mortgages

  million offer for the ailing subprime lender. The news comes one day after Accredited filed suit against Lone Star for failure to consummate the purchase agreement originally brokered by the firms earlier this year. From the AP: Private equity firm Lone Star Fund V LP said late Tuesday it will extend its tender offer for embattled subprime

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• Accredited Home Lenders - layoffs & no new loans

  Published: August 22, 2007, 10:54 am

  Tags: Mortgage News Insight, Accredited Home Lenders, Subprime Mortgage Market Meltdown, Subprime Mortgages

  about the demise of reckless subprime lending that epitomized this bubble. Share At:

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• PSA: Go FHA!

  Published: September 4, 2007, 2:00 pm

  Tags: Consumer Mortgage Tips, Federal Housing Administration, Fha, Fha Home Loans, Fha Secure, Subprime Mortgages

  more people. If you had a subprime mortgage loan and need to get out of a loan that is about to adjust to a payment you can’t afford try FHA. It may be the best way for you to find an affordable monthly mortgage payment plus add some stability to your life as well. Subprime adjustable rate mortgages are ticking time bombs, if you are

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• Guest Post: Predicting the unpredictable: How far will prices fall?

  Published: September 6, 2007, 11:44 am

  Tags: Real Estate Musings, Housing Market, Housing Prices, La Times, Peter Viles, Subprime Mortgages

  In our continuing series of guest posts Peter Viles, writer of the L.A. Land blog for the LA Times is gracious enough to share his thoughts on housing prices. We interviewed Peter a while back, you can listen to him here. How far will home prices fall? Seven percent? 15 percent?? 30 percent??? 50 percent??? On my housing blog at the LATimes,

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• Market plunges more than 200 points as economic worries mount

  Published: September 7, 2007, 8:15 am

  Tags: Aapl, Alan Greenspan, Alangreenspan, Ben Bernanke, Benbernanke, Bsc, Economy, Featured, Federal Reserve, Federalreserve, Housing Market, Housingmarket, Inflation, Mer, Msft, Subprime Mortgages, Subprimemortgages, The Fed, Thefed

  been hit hard because of subprime concerns and the ongoing credit crunch. Google Inc. (NASDAQ: GOOG), Microsoft Corp. (NASDAQ: MSFT) and Apple Inc. (NASDAQ: AAPL) all dropped as well showing how difficult safe havens are to find. The wild swings in the market will continue for some time as investors continue to fret over whether Federal

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• Market plunges more than 200 points as economic worries mount

  Published: September 7, 2007, 8:15 am

  Tags: Aapl, Alan Greenspan, Alangreenspan, Ben Bernanke, Benbernanke, Bsc, Economy, Featured, Federal Reserve, Federalreserve, Housing Market, Housingmarket, Inflation, Mer, Msft, Subprime Mortgages, Subprimemortgages, The Fed, Thefed

  been hit hard because of subprime concerns and the ongoing credit crunch. Google Inc. (NASDAQ: GOOG), Microsoft Corp. (NASDAQ: MSFT) and Apple Inc. (NASDAQ: AAPL) all dropped as well showing how difficult safe havens are to find. The wild swings in the market will continue for some time as investors continue to fret over whether Federal

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• Decision One to Close Friday?

  Published: September 21, 2007, 12:36 am

  Tags: Mortgage News Insight, Decision One, Hsbc, Subprime Lending, Subprime Mortgages

  its doors tomorrow. The subprime lending unit of HSBC has been struggling like many other wholesale mortgage lenders in recent months, and it looks like they may finally be calling it quits. I reported Decision One layoffs just over a week ago after a source mentioned that the lender had cut a few hundred employees and closed its Phoenix

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• Fremont General May Lose $80 million of Life Line Funding

  Published: September 26, 2007, 12:33 pm

  Tags: Mortgage News Insight, Fmt, Fremont, Fremont Investment Amp Loan, Subprime Lending, Subprime Mortgages

  who pulled the plug on their subprime mortgage unit back in March under scrutiny from the FDIC, said today that a deal worth $80 million in cash to the beleaguered S&L is off as their billionaire investor has backed out. Neither party specified the reasoning behind the last-minute cancellation of the deal; but the company is working on

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• This Just In: subprime defaults worsening, sky still blue

  Published: September 27, 2007, 12:16 am

  Tags: Mortgage News Insight, Subprime Arm Loans, Subprime Mortgage Default, Subprime Mortgages

  Wouldn’t you know - subprime defaults continue to increase! Somebody, tell your friends - the terribly underwritten subprime loans brought to the market courtesy of New Century, Fremont, and the rest of the imploded subprime cartel continue to sour by the day. Bloomberg reports: Late payments and defaults among subprime mortgages

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• Countrywide Wholesale to Eliminate all Subprime ARM Products Tomorrow

  Published: September 27, 2007, 5:38 pm

  Tags: Mortgage News Insight, Countrywide, Subprime Arm Loans, Subprime Mortgage Default, Subprime Mortgages

  of loans written in the subprime market for 2005 & 2006. This change affects the wholesale channel on the subprime side only - no word if it affects the Full Spectrum retail arm of Countrywide. It’s just another sign of the ongoing atrophy of the wholesale origination market and a clear symptom of capital markets investors fear

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• Moody's Downgrades $33 Billion in Subprime Mortgage Securities

  Published: October 11, 2007, 4:51 pm

  Tags: Wall Street, Mortgage Backed Securities, Ratings Agencies, Subprime Arm Loans, Subprime Mortgage Default, Subprime Mortgages

  of securities backed by subprime residential mortgages because the underlying home loans are steadily deteriorating in the face of falling home prices and a tight lending environment. The downgraded securities are backed by subprime first-lien mortgages originated in 2006 and represent 7.8% of the original dollar volume of securities that

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• Subprime Nation

  Published: October 12, 2007, 6:10 pm

  Tags: Mortgage News Insight, Subprime Arm Loans, Subprime Mortgage Default, Subprime Mortgages

  you can play with to look at subprime lending across our great nation. Particularly disturbing are states such as California, Texas and espcially Florida where subprime lending made up between 24% - 36% of all mortgages written in those states. I did a screen grab here of subprime volume as a percent of all loan volume by state. Look at

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