Subprime mortgage problems may spread to 'Alt-A' loans (Market Watch) SAN FRANCISCO (MarketWatch) - Problems in the subprime mortgage business may be spreading to other parts of the home loan market.
Weekly mortgage rate survey Bankrate's weekly national survey shows where mortgages rates are and our analysis tells you why.read more...
European Stocks Including Metro May Advance; Deutsche Bank Might Decline European stocks including Metro AG may gain after the retailer reported better-than-expected profit.read more...
Where Short Sales Stumble Here's what's really happening with short sales: All too often, they fall short of the finish line.
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More 'Biggest and Best' from Trump? Mortgage Unit Nears Vietnam, Other Deals (Commercial Property News) Donald Trump continues to find new ways to leverage his brand name, and his recent establishment of Trump Mortgage L.L.C. is no exception. In an exclusive interview with CPN this
Most D.C. Property Priced Out Of Reach District home prices have risen so rapidly that more than 80 percent of the properties for sale last year were financially out of reach for the average city household,
Diversifying its operations, Irvine-based Impac Mortgage Holdings Inc. said Monday that it would acquire the lending arms of Pinnacle Financial Corp. of Orlando, Fla., which has branches in 26 states.
Impac said it would take over the leases on Pinnacle’s offices, but gave no additional financial details. Pinnacle founders Douglas Long and Jeffrey Vratanina are to become managing directors of Impac Home Lending, a newly formed division. Impac, a real estate investment trust, makes loans through independent brokers and buys them in bulk from other companies. It specializes in ‘Alternative-A’ loans, a category between low-risk prime and riskier sub-prime loans. Most of its borrowers have good credit but do not document their incomes. Read more
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