|
Lehman Shuts Down Aurora |
| January 17th, 2008 under Alt-A Mortgage, Mortgage Blog, Mortgage News, Secondary Mortgage Market, Subprime lenders, Uncategorized. [ Comments: none ]
|
|
Aurora Loan Services’ parent company, Lehman Brothers, announced today that it will substantially reduce its resources and capacity in the U.S. residential mortgage origination space in light of the dislocation in the mortgage markets.
As a result, Lehman Brothers is suspending all Wholesale and Correspondent mortgage originations at Aurora.
Aurora will continue to originate loans through [...]
|
|
FHA Secure Has Been A Flop! |
| December 18th, 2007 under Bond Market, Credit, FHA, Housing Crash, Mortgage Blog, Mortgage News, Mortgage Products, Secondary Mortgage Market, Uncategorized. [ Comments: none ]
|
|
WASHINGTON, Dec 17 (Reuters) - A program unveiled by U.S. President George W. Bush in August that is trying to save tens of thousands of homeowners from foreclosure has aided just 266 borrowers so far, according to government data released on Monday.
The initiative, which helps high-risk or low-income borrowers win better loan terms by insuring [...]
|
|
Did securitization work? |
| December 11th, 2007 under Housing Market, Mortgage Blog, Mortgage News, Mortgage Products, Mortgage Rates, Secondary Mortgage Market, Uncategorized. [ Comments: none ]
|
|
SAN FRANCISCO (MarketWatch) — Securitization, hailed as the greatest financial innovation of the 20th century, isn’t getting such rave reviews anymore after this summer’s subprime mortgage crisis exposed some weaknesses. With global credit markets still in crisis, experts have already begun debating the benefits and the drawbacks of the process.
Read more…
|
| |
|
|
Archives