RECENT BLOG POSTS
National City Corp., one of the nation's top ten largest banks, is eliminating another 900 employees after letting 2,500 employees go in the middle of 2007.  The job cuts will affect about one-seventh of their mortgage personnel, leaving 32,804 employees overall.National City also hired Goldman S...
01/03/2008
Seven states launched a new mortgage broker tracking process in hopes of weeding out any unethical mortgage brokers jumping from one state to another after their license has been suspended or revoked in a particular state.In the publics' eyes, mortgage brokers hold the biggest blame when it comes...
01/02/2008
Although Countrywide suffered a $1.2 billion third quarter loss, they are reaching out to more than 82,000 of their borrowers to help soften the impact of the mortgage meltdown for 2008.  Countrywide's "home preservation" program is designed to help borrowers with all credit types facing mortgage...
01/02/2008
A law that took effect in June of 2007 which pays property taxes from a school operating fund should pay for about half of most property tax bills.While many lenders kept charging the full amount for property taxes throughout 2007, many homeowners should see a refund and a reduction in their mont...
01/02/2008
Borrowers who opted to carry Private Mortgage Insurance (PMI) on their homes set a record as 61,300 borrowers were at least 60 days or more on their mortgage payments.  The 34.7 percent increase in defaults reflects on the inability of home owners to keep current on their loan payments.PMI gives ...
01/01/2008
According to a poll the San Francisco Chronicle recently held, the mortgage meltdown topped the list of the most important news of the year for the Bay Area.Out of the 2,456 readers who responded to the poll, 795 of those readers voted the mortgage crisis as the top story.  Unfittingly enough the...
12/31/2007
As of June 2007, state regulators were as far as 2 years behind on performing required mortgage-lender examination, according to a recent audit by the Department of Legislative Services.  Combine that with some of the weakest regulations and the worst mortgage meltdown in years and you are bound ...
12/29/2007
Heartland Bank, a St. Luois based wholesale mortgage business is calling it quits and shutting down its wholesale mortgage business according to its company website.Heartland Wholesale Funding is exiting is ceasing all residential wholesale lending business immediately "due to turbulent market co...
12/29/2007
 "The market in southwest Michigan is still well and good. This has not been a bad market year. We had the best year in MLS history last year and that pace would be hard to match. We currently are on par with the fourth-best year that we have ever had since we started our record keeping in 1978,"...
12/27/2007
 GA - submitted 12/27/07 - RefiNY - submitted 12/25/07 - RefiKY - submitted 12/23/07 - PurchaseMA - submitted 12/23/07 - RefiND - submitted 12/21/07- PurchaseIn order to receive any of the above leads please visit www.fpf-direct.com/article-submit.html and submit an article that I can use for my ...
12/27/2007
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Jeremy Redlinger

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