Sunday, March 04, 2007


Just want to make a copy of this before they change it. From their website:

Wholesale Residential Lending
Fremont Investment & Loan is a nationwide wholesale lender offering non-prime first mortgages up to $1,500,000.

Fremont understands that non-conforming borrowers have special situations and require flexible underwriting guidelines. We offer:

Competitive rates

Flexibility and fast service for quick loan closing

The ability to structure loans that meet both your customers’ and your objectives .

With over $11 billion in assets, Fremont offers residential mortgage loans through a network of Wholesale Mortgage Brokers in 46 states. Our five regional business centers are located in Southern California, Northern California, New York, Illinois and Florida.


AnalysisGuy said...

It's great that you're getting their site before the completely collapse.

I just shot up the year Bakersfield numbers and we certainly slowed down towards the end of the year. The bad news for bubble busters is that the numbers are still better than most CA cities. However, it is becoming clearer and clearer that this won't be the case in 2007.

Perfect Storm said...

Our five regional business centers are located in Southern California, Northern California, New York, Illinois and Florida.

Not anymore there not.

Anonymous said...

I cant say that I'm not happy to see sub-prime lending going down the tubes . Had the sub-prime lending continued the crash would of been worse than it's going to be .

Anonymous said...

From Market Watch:
"The easy money is gone
Without much fanfare over the past few months, banks, mortgage companies and other lenders have been turning off the faucet that had provided easy money to everybody, even those with no possibility of ever repaying the loans.
Easy credit wasn't just Fed policy; it was the policy of every lender, every realtor, every automaker. It kept the economy afloat in late 2001 when it really mattered, and it provided most of that extra cash consumers needed to spend when their wages were flat in 2003 through 2005. It was easy credit that put millions of SUVs on the road, it was easy credit that inflated the housing bubble and it was easy credit that boosted the earnings of financial companies.
So far, it's only a segment of consumer borrowers who can't find credit. Corporations have no problem borrowing. Banking lending is growing at a 10% pace, while commercial and industrial loans from banks have been growing 15%, noted Roger Kubarych, an economist for UniCredit Markets. Commercial paper is ramping up even faster. And most corporations have very healthy balance sheets and are sitting on piles of undistributed profits.
"Companies have ample resources to maintain capital investment programs," Kubarych said.
But the contraction in credit in the mortgage market is significant. Last year, as many as 40% of all mortgages were in the subprime or Alt-A market, which caters to borrowers who can't qualify for the best terms.
Many of those borrowers have now been effectively shut out of the market as lenders tighten their standards. On Friday, federal regulators finally released tougher "guidance" for lenders that suggests they should evaluate "the borrower's ability to repay the debt" before offering a loan. What a quaint notion!
Already, originations of the riskiest loans have fallen 50% in the past two months."

To all the Realtors, Lenders. THE THUNDER IS ROLLING!!!!!!!!!!!!!!! A$$-PUCKER!!

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