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San Diego, California-based ""Accredited Home Lenders Holding Co."":http://www.accredhome.com/, a nonprime lender, announced it has closed its financing transaction with ""Farallon Capital Management, LLC"":http://www.faralloncapital.com/farallon/index.htm — a move that is expected to...
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MarketLinx Inc. Names Robert Murray Senior Vice President and Chief Information
Santa Ana, California-based ""MarketLinx Inc."":http://www.marketlinx.com/default.html, a provider of information technology to the residential real estate industry, has named Robert Murray senior vice president and chief information officer - a role...
Read More »New Century Financial Files for Chapter 11 Bankruptcy
After much speculation, Irvine, California-based lender ""New Century Financial Corp."":http://www.ncen.com/ officially filed for Chapter 11 bankruptcy on Monday. In a press statement, the embattled lender also indicated that two companies,...
Read More »UCLA Anderson Forecast Says Subprime Fallout Has Consequences for Nation and Cal
...fallout in California. According to the report, Ratcliff, when discussing the topic of California, said, ""We expect to see the pattern of deepening real estate (job) losses combined with a...
Read More »First American Exchange Names Mary Kennedy Senior Vice President
...College of the Law in San Francisco, also has served as chair of The State Bar of California's Real Property Law Section, managing editor of the California Real Property Journal,...
Read More »Report Says Silicon Valley Foreclosures Are Up and the Middle-Class is Feeling t
San Jose, California-based ""Working Partnerships USA"":http://www.wpusa.org/live, a public policy institute based in the Silicon Valley, released a report Thursday, saying its high-tech community is dealing with a shrinking middle-class and...
Read More »New Century Financial Corp. Voluntarily Parts Ways with Freddie Mac
Irvine, California-based ""New Century Financial Corp."":http://www.ncen.com/ voluntarily severed its ties with ""Freddie Mac"":http://freddiemac.com on Monday, according to the company's latest filing with the Securities and Exchange Commission. The termination of...
Read More »RealtyTrac: Foreclosures Drop in February, But Still Higher Than Previous Year
...times the national average. Meanwhile, the states of Florida, California, and Texas ranked the highest in total foreclosure activity. Florida topped the list with California and Texas ranking second and third, respectively....
Read More »Morgan Stanley Auctions New Century Mortgages
_Reuters_ news agency reports that Morgan Stanley is auctioning $2.48 billion worth of mortgages from embattled subprime lender New Century Financial Corp., which is based in Irvine, California. In quoting the...
Read More »First American Corp. Launches Transaction Management Dashboard
Santa Ana, California-based ""The First American Corporation"":http://www.firstam.com says it has a cure for some of the complications and expenses that can arise during the traditional loan closing process. The company...
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