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Irvine, California-based ""topLingo Inc."":http://toplingo.com/, a Web-based application programming services company, has launched its online Marketing Toolkit portal for a client in the real estate industry that specializes in small-balanced commercial...
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New Century Financial Reaches Amicable Agreement with Lender
Irvine, California-based %{=}""New Century Financial Corp."":http://www.ncen.com/ finished the week on somewhat of a high note when Barclays, a financial backer, decided to release the company from an agreement requiring that...
Read More »Trying Times Mean More Business for Strategic Lenders and Real Estate Developers
...releases announcing new strategies designed to find the ""upside"" of the current subprime crises. One such company is Carlsbad, California-based Palomar Enterprises. The licensed real estate brokerage and mortgage lending...
Read More »California Lender Files for Chapter 11
Irvine, California-based ""People's Choice"":http://www.pchli.com/, a mortgage lender specializing in nonprime loans, filed for Chapter 11 bankruptcy this week, according to %{=font-style: italic;}Bloomberg News%. The filing arrived just as delinquency rates...
Read More »Fremont to Sell $4 Billion in Loans, Resulting in Pre-Tax Loss
Santa Monica, California-based ""Fremont General Corp."":http://www.fremontgeneral.com/phoenix.zhtmlxc=106265&p=irol-fremonthome announced it will be selling $4 billion in subprime residential real estate loans, according to a press statement issued on Wednesday. Fremont General —...
Read More »New Century Will Not Attend Senate Hearing on Mortgage Market Turmoil
The Office of ""U.S. Senator Chris Dodd (D-CT)"":http://dodd.senate.gov/ said representatives with Irvine, California-based New Century Financial Corp. will not be attending the ""Mortgage Market Turmoil: Causes and Consequences"" hearing scheduled...
Read More »Accredited to Receive Lucrative Rescue Loan
When the required approvals are complete, San Diego, California-based ""Accredited Home Lenders Holding Co."":http://www.accredhome.com will receive a $200 million term loan from an entity of Farallon Capital Management L.L.C. The...
Read More »Fannie Mae Parts Ways with New Century Financial Corp.
Mortgage lender ""Fannie Mae"":http://www.fanniemae.com/, one of the nation's largest government-sponsored enterprises (GSEs), has suspended its mortgage selling and servicing agreement with Irvine, California-based ""New Century Financial Corp."":http://www.ncen.com/ and its subsidiaries....
Read More »Fremont General Corp. May See Light at End of Subprime Tunnel
The stock shares for Santa Monica, California-based ""Fremont General Corp."":http://www.fremontgeneral.com/phoenix.zhtmlxc=106265&p=irol-fremonthome surged on Friday when the company announced ""Credit Suisse"":http://www.credit-suisse.com/us/en/ has agreed to increase its line of credit to subsidiary ""Fremont,...
Read More »Four States Tell New Century Mortgage: “Stop Taking New Loans”
...Irvine, California-based New Century Financial Corp. In the company's latest SEC filing, New Century says the states of Massachusetts, New Hampshire, New Jersey, and New York have all issued cease...
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