March 28th, 2008
If you are looking for a street price for Bear Stearns stock price I guess this may give you a hint…
Source: http://www.huffingtonpost.com/2008/03/27/bear-stearns-ceo-sells-hi_n_93790.html
NEW YORK — Bear Stearns Cos. Chairman James Cayne on Thursday sold his holdings in the embattled investment bank ahead of its expected acquisition by JPMorgan Chase & Co.
Cayne sold 5.66 million shares for […]
Filed under: Bear Stearns, Sub-prime Meltdown
March 19th, 2008
This got missed due to the Bear Stearns circus…..
Option One Mortgage sold for $1.1 Billion
Billionaire investor Wilbur Ross has reached an agreement to acquire the mortgage loan servicing business of H&R Block’s Option One Mortgage, forming the second largest mortgage servicing company in the United States.
The $1.1 billion deal adds to the acquisition by WL […]
Filed under: Sub-prime Meltdown
March 19th, 2008
Please read up on the Flat Fee Mortgage if you are considering a future as a mortgage broker.
Filed under: Flat Fee Home Loans, Flat Fee Mortgages
March 19th, 2008
Did Bear Stearns fail due to sub-prime mortgages way back last Summer?
Found this from JULY 2007
Bear Stearns admits two subprime mortgage funds are worthless
Submitted by cpowell on Wed, 2007-07-18 01:05. Section: Daily Dispatches
By Joey Bel Bruno
Associated Press
Tuesday, July 17, 2007
NEW YORK — Bear Stearns Cos. told clients Tuesday that a meltdown in the […]
Filed under: Bear Stearns, Sub-prime Meltdown
March 12th, 2008
More Bad news
I know you people in the mortgage and real estate industry are near the end of your rope but I must take a moment to impart more bad news. There is pending legislation that would jeopardize your domain name(s) and force you to publish your home address if you work from home […]
Filed under: Domain Names
March 7th, 2008
FHA Mortgage Limits
Web Form Interface
https://entp.hud.gov/idapp/html/hicostlook.cfm
Raw Data File Formats
http://www.hud.gov/pub/chums/file_layouts.html
Filed under: 2008 Loan Limits
March 7th, 2008
March 6, 2008
TO: ALL APPROVED MORTGAGEES
SUBJECT: Temporary Loan Limit Increase for FHA
This Mortgagee Letter provides information on Federal Housing Administration single family mortgage limits as a result of enactment of the Economic Stimulus Act of 2008 (“the Act”). These limits are effective for mortgages endorsed for insurance on or after the date of this mortgagee letter […]
Filed under: 2008 Loan Limits
March 7th, 2008
March is here and the seasonal spike in younger Doctors and Medical Residents seeking mortgages has arrived as usual. As the Jumbo loan limits get sorted out many Physician mortgages will be conforming for the first time in years. If you have a good doctor loan progam time to dust it off and […]
Filed under: Doctor Loans
March 3rd, 2008
An a move to “clean up the mortgage mess” Fannie and Freddie will require tougher standards for appraisers - most notably the mortgage broker can no longer hire the appraiser
Fannie and Freddie agreed to a new code that would govern appraisal selection, compensation, conflict of interest and other issues. Under the code, mortgage brokers […]
Filed under: Appraisers, Fannie Mae, Freddie Mac, Mortgage Recovery, Sub-prime Meltdown
March 3rd, 2008
Fannie Mae Introduces HomeSaver AdvanceTM;
Mortgage Workout Option Designed to Help Delinquent Borrowers
https://www.efanniemae.com/sf/servicing/pdf/homesaveradvance.pdf
WASHINGTON DC — Fannie Mae (FNM/NYSE) announced today that, as part of its HomeStayTM initiative to support its mortgage servicers as they provide at-risk borrowers with refinancing and loan workout assistance, it is offering a new option — HomeSaver AdvanceTM.
HomeSaver Advance is […]
Filed under: Fannie Mae
