Review Mortgage Lenders

American Residential Lending

5909 NW Expressway Oklahoma City, OK 73132

New American Mortgage Merger Announcement on March Mar 17, 2011

Charlotte Chamber President Bob Morgan along with former NFL player Casey Crawford announce the merger of Charlotte companies New American ...

Who's Who for July 2017

New Hires & Promotions

Dickinson Wright PLLC has announced that Andrew L. Sparks , former Assistant United States Attorney for the Eastern District of Kentucky, has joined the firm’s Lexington office.  

Bill Laramee has been named senior associate with Trek Advancement, LLC in Lexington.

Kentucky American Water has announced the appointment of Brandon Smith as an operations supervisor in production.

The Thoroughbred Owners and Breeders Association has named Meredith Downey as director of marketing and education and Aly Kirchner as director of membership/owners concierge.

United Bank & Capital Trust Company (the Bank) has announced its senior management team: Lloyd C. Hillard, Jr. , chairman of the board & CEO; J. David Smith, Jr.

AIG breaks into mortgage securitization big-time with high quality first offering

According to a presale report from Fitch Ratings , AIG is preparing to bring its first residential mortgage-backed securitization to market – a $511.98 million offering backed by 850 jumbo mortgages.

And while AIG is new to the securitization game, the quality of the RMBS deal itself is one of the strongest since the crisis.

According to Fitch, the deal, which is called Credit Suisse Mortgage Capital 2017-HL1 Trust, has underlying borrowers with “strong credit profiles, relatively low leverage and large liquid reserves.”

But just how strong are the borrowers’ credit profiles?

Fitch states in its report that the pool has a weighted average original FICO score of 779, which is higher than any transaction rated by Fitch since the crisis.

Per Fitch’s report, approximately 53% of the borrowers have original FICO scores at or above 780. Additionally, the deal carries an original weighted average collateralized loan-to-value ratio of 73.8%, which indicates that the borrowers have “substantial” equity in their homes and carry a reduced probability of default.

Is Obama going to CHANGE the lending practices of Fannie Mae and Freddie Mac? ?

Privatizing these institutions is not going to make the problems go away, sooner or later the realities must be admitted and handled correctly, this is simply going to make future Americans pay for this mess.

um... They were taken over by government. That's the opposite of privatization.

Yes, it's a put off. The inevitable will happen... but off of George Bush's watch.

People are dumb. It's a fact of life.