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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...

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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...

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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...

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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...

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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...

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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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