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subprime mortgage lenders list - News


Consumer Reporting Data
http://www.8newsnow.com/story/24538603/consumer-reporting-data
Consumer Reporting Agencies. Below is a list of consumer reporting companies – companies that collect information and provide reports on consumers that are used to decide whether to provide consumers credit, insurance, or employment, and for other

Book in a Volatile Market
http://www.dailyreckoning.com.au/book-in-a-volatile-market/2014/01/23/
The truth, according to the whistle-blower who has personally cancelled more than 200 mortgages because of LAF manipulation, is that the banks teach the brokers how to manipulate the LAFs to get loans past lending standards. The British inquiry If

What the new mortgage rules mean for you
http://money.cnn.com/2014/01/10/real_estate/mortgage-rules/
The new rules are designed to take a "back to basics" approach to mortgage lending and lower the risk of defaults and foreclosures among borrowers, according to the Consumer Financial Protection Bureau, which issued the new rules. "No debt traps. No

CFPB Directors Cordray's Prepared Remarks on Housing Market Reform
http://www.loansafe.org/cfpb-directors-cordrays-prepared-remarks-housing
The list is long, so bear with me – we take complaints about mortgages, credit cards, bank accounts, student loans, auto loans, credit reporting, debt collection, consumer loans, money transfers, and payday loans. Each perceived grievance is a chance

The Collapse of the Mortgage Lending Industry

This video is a list of US mortgage lenders who have closed or otherwise exited the mortgage lending business since late 2006.

Urban Institute Maps US Car Loan Debt and Delinquency

“What’s much more interesting in the map is not who has the loan, but who’s in trouble with it,” said UI’s Signe-Mary McKernan , a lead researcher for the study. That, she said, should prompt policymakers to ask, ”What are the barriers here? What’s going on? Why are these higher? Is it that there are predatory practices in these communities?”

The ability to pay back car loans seems to depend on where the person lives. If you look at the map, the share of auto/retail loan delinquency in Alabama (9 percent), South Carolina (8 percent), and Texas (7 percent) is much higher than in, say, Maine (2 percent). The two counties at the top of the list in terms of delinquency rate are in Texas: Hidalgo and Cameron counties, each with a striking 14 percent share of borrowers who were at least 60 days overdue on their loans.

A small data note to keep in mind: Due to the way the credit bureau data are categorized, auto loans come clumped together with retail loans (which help pay for electronic appliances or furniture) for the purpose of calculating delinquency rates.

Carrington to start offering subprime mortgages

Carrington Mortgage Services' decision to offer subprime mortgage loans was a natural progression from its decision four years ago to concentrate on borrowers with credit scores under 640.

It had been serving lower credit score borrowers through its capabilities as a Ginnie Mae issuer to do Federal Housing Administration, Veterans Affairs and U.S. Department of Agriculture mortgages, Ray Brousseau, Carrington's president, said in an interview. "We've been growing year over year over year; it's treated us very, very well."

The introduction of the non-qualified mortgage program is the natural evolution of that program. It is not a return to the subprime lending programs and standards that existed prior to the housing crisis.

These products are manually underwritten. Rather than feeding the application into a machine to tell if the borrower is a good risk or not , an underwriter with credentials and expertise looks at the loan and figures if it makes sense and is the borrower going to be able to perform on this loan going forward, he said.

Can you list the reasons you think houses prices went up so high during the housing bubble?

I can think of: 1) the govt manipulating interest rates and keeping them low for all those years after 9/11.


The Bush family has been stealing money from real estate for a long time, and they manipulate the market to make it easier for people to get loans so they can be foreclosed upon later.