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Thursday, January 25, 2007
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2007
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January
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- Concorde Acceptance
- DeepGreen Financial - GONE!
- "$1 trillion in adjustable rate mortgages (ARMs) w...
- Price per square foot plummets!
- "New home sales plunge by largest amount in 16 years"
- Is Argent Mortgage Next?
- Dropping like flies
- ITS OFFICIAL
- Mandalay Mortgage
- Twin 31 Story Condo Towers Get OK
- California foreclosures increasing fast
- Notices of Default
- "We are overbuilt"
- Equibanc is no more?
- Home sales plummet in Kern
- Funding America, no more...
- New Listing! (Sort Of)
- ResCap cuts 1,000 jobs,cites tough mortgage market
- Dream home for sale
- Option One responds to scprofessor's email
- Downtown Condo Tower A Failed Project
- "Option One... a compassionate, humane approach"
- About That Short Housing Slump…
- Another one?
- Another Sub Prime Down
- "Future of housing market debated"
- Report: California leads nation in foreclosures
- "HOPE TO SEE EVERYONE THERE"
- Its Official
- More pain ahead for the shady lenders
- Central Valley seen as stable
- Another One Goes Down?
- "The cycle is turning"
- MLN Video - Employees told to box and leave
- Single Family Starts PLUNGE
- Credit is getting very tight
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January
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7 comments:
Mandalay Mortgage Closing Its Doors
Mandalay Mortgage, Woodland Hills, Calif., a top-30-ranked subprime wholesale originator, is closing its doors at the end of the month and will stop funding loans, sources familiar with the situation have told MortgageWire.
All subprime and alt-a lenders are exactly the same. Whatever killed them has killed all the others, just they don't know it yet. Woodland Hills is just a few freeway exits past Countrywide's Corporate HQ.
When does one of the top 5 go down if at all?
Everything I am reading states the buybacks are the killer for these guys.
Thanks Mozo- WOW!
50% RIF.
More on Fremont which is one of the top 5 ‘non-prime’ lenders.
http://forum.brokeroutpost.com/loans/forum/2/88772.htm
i got some scoop from former AEs… they are still in business and competitive at what they do… however 4th quarter buybacks are going to be in the hundreds of millions.. looking for a buyer - possible Bear Stearns.. thanks for everyone’s posts..
http://www.brokeruniverse.com/grapevine/thread/?thread=352485
"not sure how many of you have heard of them, but BOMAC/Unprime Securities fired their sales staff.
They were bought out by Mortgage Express (out of California) last week. My buddy, who WAS an AE there, say they are all but DONE.
"
http://unprime.com/
Thanks re!
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