Wells’ wholesale throws in the towel and stops offering nonconforming; Who is investing in MBS’s besides the Fed?

Does it matter who else is buying securities backed by mortgages? ... to earn additional interest rate spread. In its most recent quarterly Senior Loan Officer Opinion [more...]

Date: 2009-01-06 15:03:21

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Racing the Clock on DPA Programs: Will The Dems Save the Day?

I had some fun, yesterday, with a report about the down payment assistance ban and the First-Time Homebuyer Tax Credit ... that the Tax Credit might be collateral for a “tax refund loan”, thereby, facilitating the need ... .  I queried some senior bank credit officers about this.  What I discovered is that those defaults [more...]

Date: 2008-08-28 04:26:04

Senior Loan Officer sentenced in Mortgage Fraud scheme

US Attorney’s Office FOR FURTHER INFORMATION CONTACT AUSA VICKIE E. LEDUC or MARCIA MURPHY at 410-209-4885 September 21, 2009 FOR IMMEDIATE RELEASE http://www.usdoj.gov/usao/md SENIOR LOAN OFFICER SENTENCED IN MORTGAGE FRAUD SCHEME THAT TARGETED VICTIMS THROUGH LOCAL TV ADS Greenbelt, Maryland – U.S. District Judge Deborah K. [more...]

Date: 2009-09-22 15:30:35

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