Mortgage Industry Trends

Evidently, they made the wrong bet on Fremont & New Century seconds, at least that is what the Wall Street Journal

The current explosion in EPDs and repurchase demands has the mortgage industry in crisis mode.

The downside of the open source software movement is that now, just about anyone, including me, can set up an internet site and blog away, and possibly attract notoriety.

I guess that’s why they pay Angelo Mozilo the big bucks. It’s a simple truth, and everything in the marketplace is driven by this simple, inescapable fact.

Fitch recently issued ratings on an MBS deal. I'm reading that the deal was ultimately bought from NC Capital and I'm wondering- who i

This story broke last week. Evidently, DLJ Capital, a division of Credit Suisse, has decided to sue some originators over loans that somehow soured.

Accredited Home Lenders just sent out a press release detailing their recent financing activities.

OUCH! Nearly half their staff- 3200 individuals loosing their jobs.

Was this necessary? And who is to blame?

This will be the theme song for subprime and independent wholesale originators this year.

Its just too much to try to keep track of lenders that have gone out of business this year. Loancity- gone. They started life in 1987 in San Jose, initially as "America's Funding Source".