Santa Monica, California-based ""Fremont General Corp."":http://www.fremontgeneral.com/phoenix.zhtmlxc=106265&p=irol-fremonthome, the parent company of lender Fremont Investment and Loan, responded to all the media attention surrounding its troubles in the subprime market by announcing...
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New Century Financial Board Member Resigns, Company Ceases to Accept Loan Applic
Irvine, California-based ""New Century Financial Corp."":http://www.ncen.com/about_new_century/index.html announced Thursday that the company is no longer accepting loan applications from prospective borrowers. New Century said its latest decision reflects the reality that...
Read More »New Report Contradicts Previous Colorado Foreclosure Data
...percent increase in foreclosure filings between the years 2005 and 2006. This 31 percent figure is a much lower statistic when compared to data from Irvine, California-based ""RealtyTrac"":http://www.realtytrac.com, which placed...
Read More »TMSF Nixes Purchase of Troubled Subprime Lender
...California-based ""Central Pacific Mortgage"":http://www.centralpacificmortgage.com/ as reports circulate about the company's demise. In a press statement, TMSF said, ""We determined that proceeding with the asset acquisition agreement was not, as originally...
Read More »Fremont to Exit Subprime Business, Places Subprime Employees On Paid Leave
Santa Monica, California-based ""Fremont General Corp."":http://www.fremontgeneral.com/phoenix.zhtmlxc=106265&p=irol-fremonthome, a financial services company originating subprime loans through its ""Fremont Investment & Loan"":http://www.1800fremont.com/ subsidiary, is facing a string of new ""Fitch Ratings"":http://www.fitchratings.com downgrades after...
Read More »ForeclosureS.com Says Foreclosures are Dropping Nationwide
Sacramento, California-based ""ForeclosureS.com"":http://www.foreclosures.com released a report Monday saying the real estate market is finally showing signs of stabilization with foreclosure filings nationwide dropping from 109,851 in January to 106,074 in...
Read More »MeridianLink Directly Connects to Fannie Mae
Costa Mesa, California-based ""MeridianLink Inc."":http://www.meridianlink.com/, a Web development company with extensive experience in integrating new technologies with existing systems, became one of 13 companies to have a direct connection to...
Read More »First American Corp. Announces 2006 Earnings
Santa Ana, California-based ""The First American Corp."":http://www.firstam.com/, announced its 2006 and fourth quarter earnings on Thursday. With the market in a volatile state, the company said it expects to see...
Read More »EMC Mortgage Announces Expansion
Lewisville, Texas-based ""EMC Mortgage Corp."":https://www.emcmortgagecorp.com/EMCMORTGAGE/ (EMC), a mortgage banking company that specializes in acquisition, servicing, and disposition of residential mortgage loans, is opening a second office in Irvine, California, this...
Read More »IndyMac CEO Remains Optimistic About Hybrid Loans
The chairman and chief executive officer of Pasadena, California-based ""IndyMac Bancorp Inc."":http://www.indymacbank.com says despite a ""volatile"" lending market, the company and its independent mortgage lender IndyMac Bank F.S.B. made considerable...
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