Review Mortgage Lenders

American Mortgage Corporation

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 ...

US is said to restrict lenders in veterans' mortgage crackdown

NewDay said in a statement that it would continue to issue Ginnie securities in custom pools, that many of its borrowers can't get loans elsewhere and that it doesn't churn loans.

"Policy changes recommended by Ginnie Mae will do virtually nothing to stop the unprincipled practice of veteran loan churning, but in all likelihood will force the elimination of much-needed benefits and financial services for tens of thousands of veterans — especially those veterans struggling with poor credit," NewDay said in the statement.

The company said it made recommendations to Ginnie Mae to reduce churning but that those haven't been implemented.

Nations Lending Chief Administrative Officer Cheryl Lieber said in a statement that the company recently underwent a routine examination by the Department of Veterans Affairs without a problem and that the company doesn't have issues with its VA loan program. She said the discussion with Ginnie Mae pertain to the performance of loans in a particular pool and denied that they pertain to Nations' origination of VA-backed mortgages.

MDC (NYSE:MDC) Upgraded to Buy by Zacks Investment Research

Was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, March 20th. The firm currently has a $32.00 price objective on the construction company’s stock. Zacks Investment Research ‘s price objective would indicate a potential upside of 10.27% from the company’s previous close.

According to Zacks, “M.D.C. Holdings, Inc. engages in homebuilding and financial service businesses in the United States. It is engaged in the construction, sale and related financing of residential housing and the acquisition and development of land for use in the Denver, Phoenix, Maryland, Virginia, mid Atlantic region, Las Vegas, Dallas, California metropolitan areas. MDC’s homebuilding subsidiaries, which operate under the name Richmond American Homes, have built and financed the American Dream. MDC’s commitment to customer satisfaction, quality and value is reflected in each home its subsidiaries build. MDC is one of the largest homebuilders in the United States. The Company’s subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through Home American Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company, respectively. “

How much longer will our government allow American corporations to outsource American jobs oversea?

We all know the underlining cause of this economic depression is job outsourcing. It is not because of the war in Iraq & Afghanistan. It is not because of the mortgage crisis.

You have bad information. The cause of the current economic recession was the mortgage crisis! The cause of the mortgage crisis was government over and/or mis-management which was written and protected by Democrats for decades.