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Loan Processors Sue Ace Mortgage Funding, Inc. for Overtime, According to Burr & Smith, LLP and Nichols Kaster & PR Newswire via Yahoo! Finance
On December 6, 2006, loan processors hit Ace Mortgage Funding, Inc., and its successor Ace Mortgage Funding, LLC, with its second nationwide lawsuit for overtime pay in sixteen months.
Fitch Rates $1.269B Fremont Home Loan Trust 2006-E Business Wire via Yahoo! Finance
NEW YORK----Fremont Home Loan Trust issues mortgage-backed certificates, series 2006-E, are rated by Fitch Ratings as follows:
ResMAE Names Brian Morgenstern as Regional Vice President for Southern California Territories Business Wire via Yahoo! Finance
BREA, Calif.----ResMAE Mortgage Corporation announced the appointment of Brian Morgenstern as Regional Vice President for portions of Southern California. He will be responsible for ResMAE's ongoing sales growth in and around Los Angeles and Orange Counties.
Subprime lender Ownit Mortgage shuts down Market Watch
(Adds comment from Ownit executive in fifth and 12th paragraphs and from former employee in 11th paragraph.)
Computer program finds the mortgage with lowest costs The Herald-Tribune
WASHINGTON -- Reed Hauge was more than a little shocked when the hard costs on the quoted loan were $5,200 less than those his mortgage-broker buddy had offered. He was rather peeved, too.
State's on short end of stick on loan limits Los Angeles Daily News
It happens every time this year. California gets snubbed. Lumped in with some other states where a typical house doesn't cost more than a half a million bucks. (California's median price in October was $548,680).
Adjustable Rate ARM Mortgage Holders are Refinancing to Fixed Rates PR Web via Yahoo! News
Atlanta, GA (PRWeb) December 5, 2006 -- Katz Mortgage Team, www.
UC's loan program is booming The Sacramento Bee
While a University of California loan program has helped more than 2,500 new college professors achieve home ownership, nearly 50 longtime employees have used the university to refinance their homes during a booming housing market.
Adjustable Rate ARM Mortgage Holders Should Refinance to Fixed Rates, Recommends the Katz Mortgage Team PR Web
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, has announced that Fixed Mortgage Rates are now at their lowest point in over a year. They are officially changing their recommendation from "HOLD" to "REFI" for many of their clients who took advantage of the extremely low adjustable rate mortgages of 2002 and 2003. (PRWeb Dec 5, 2006) Post Comment:Trackback URL:
Countrywide to reform lending program CNN Money
Mortgage lender agrees to new practices aimed at fighting discrimination against minorities, N.Y. Attorney General Spitzer says.

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