Types Of Bankruptcy

$200B added to mortgage pipeline (CNN Money)  An additional $200 billion in financing is headed to the battered mortgage markets after federal regulators Wednesday said they would allow finance giants Fannie Mae and Freddie Mac to reduce


Experience, Integrity and Personalized Service Distinguish Florida Mortgage Broker from the Pack (PR Web via Yahoo! News)   Parkland, FL (PRWEB) September 11, 2006 -? In his 15 years as a Florida mortgage broker, Ed Mitchell has learned the significance of one simple word: trust. Ed is


On Site with Cashbuild  The four couples selected for the new Cashbuild On Site reality TV Show on SABC 2 arrived at Greenstone Hill in Modderfontein this week for the ultimate building challenge: to


Changing styles midstream  Some of us have had the experience of buying a house mainly because we fell in love with the look of a particular room.via


Broker saw February mortgage pick-up (RTÉ News)  Independent mortgage broker IFG Mortgages says its February figures show a significant increase from January. It says its figures indicates that there was a 33% rise in the value of


Rate Trend Index -- Mortgages  Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...

October 16th, 2007

NovaStar to sell mortgage servicing rights, make ’substantial’ job cuts

Troubled subprime lender NovaStar Financial Inc. said this afternoon that it has agreed to sell its mortgage servicing rights to Saxon Mortgage Services for $175 million in cash.

The Kansas City-based company said it expected the deal to close on Nov. 1, subject to various closing conditions.

‘This action is expected to reduce debt and risks related to operating capital needs for servicing loans,’ Lance Anderson, NovaStar’s president and chief operating officer, said in a written statement. Read more



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