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California Mortgage Lenders News is an EIN News Service for real estate professionals. Constantly updated news and information about California Real Estate.
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Latest California Mortgage Lenders News

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  • Countrywide mortgage fraud 7 Nov 2009 10:52 GMT
    ... Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. Securities ... Mozilo, U.S. District Court, Central District of California, No. 09-3994. (Editing by Steve Orlofsky) There ...

  • UPDATE 1-PennyMac Trust reports net loss in first 2 months 6 Nov 2009 01:43 GMT
    ... real estate investment trust, based in Calabasas, California, acquired these securities pending its anticipated reinvestment ... company, which was once the largest U.S. mortgage lender. Its aggressive lending practices are widely considered ...

  • Ohio casinos sell stake 6 Nov 2009 14:19 GMT
    ... three tribal casinos in Michigan, Oklahoma and California - signed an agreement on Oct. 29 ... the Ohio market. Gilbert, who owns internet mortgage lender Quicken Loans and the Cleveland Cavaliers, plans to ...

  • 4 Things You Should Know About FHA Loans 6 Nov 2009 17:57 GMT
    ... 4 Things You Should Know About FHA Loans By: Miranda Marquit ... than they have been for years. With mortgage lenders tightening their standards and requiring larger down ... market that is high-priced (New York or California, for example), the limit is $729,750. 2. ...

  • PennyMac Mortgage Investment Trust Reports Results for First Post-IPO Period Ended September 30, 2009 6 Nov 2009 00:10 GMT
    ... PennyMac Mortgage Investment Trust Reports Results for First Post-IPO ... Post-IPO Period Ended September 30, 2009 CALABASAS, Calif., Nov 05, 2009 (BUSINESS WIRE) -- ) ... on current market opportunities to provide small mortgage lenders an outlet for their newly originated mortgage ...

  • HUD Reaches Tentative Settlement with Reverse Mortgage Lender Over Violations 5 Nov 2009 23:13 GMT
    ... FHA requirements. One of the lenders it reached a tentative settlement with is Cerritos, California based . HUD alleges that the reverse mortgage lender originated ten HECM loans in Massachusetts before receiving the necessary license and approval to originate ...

  • Non-Judicial States Let Mortgage Lenders Off The Hook 4 Nov 2009 08:13 GMT
    ... Non-Judicial States Let Mortgage Lenders Off The Hook There is a lot ... states in the country for foreclosures are California, Nevada and Arizona. All three of these ...

  • San Francisco Mortgage Broker Pleads Guilty to Federal Charges Defrauded Mortgage Lenders, Financial Institutions 3 Nov 2009 21:57 GMT
    ... San Francisco Mortgage Broker Pleads Guilty to Federal Charges Defrauded Mortgage Lenders, Financial Institutions Submitted by editor on November ... residential properties in the Northern District of California and elsewhere. As a part of this ...

  • Why did blue-chip Goldman take a walk on subprime's wild side? 4 Nov 2009 05:50 GMT
    ... New Century's mortgages, one even after the California lender's underwriting criteria all but disintegrated and ... their jobs and their homes. Perhaps no mortgage lender was more emblematic of the go-go atmosphere ... live on 20 percent of their paychecks. Mortgage lenders also extracted promises from Wall Street firms ...

  • Series: Goldman cozy with loan star that crashed, burned 5 Nov 2009 14:12 GMT
    ... mortgage industry's spectacular rise and fall than California's New Century Financial. Goldman spokesman Michael DuVally ... their jobs and their homes. Perhaps no mortgage lender was more emblematic of the go-go atmosphere ... live on 20 percent of their paychecks. Mortgage lenders also extracted promises from Wall Street firms ...

  • Goldman's walk on subprime wild side 4 Nov 2009 06:35 GMT
    ... New Century's mortgages, one even after the California lender's underwriting criteria all but disintegrated and ... their jobs and their homes. Perhaps no mortgage lender was more emblematic of the go-go atmosphere ... live on 20 percent of their paychecks. Mortgage lenders also extracted promises from Wall Street firms ...

  • Goldman got cozy with loan star that crashed and burned 1 Nov 2009 11:51 GMT
    ... New Century's mortgages, one even after the California lender's underwriting criteria all but disintegrated and ... their jobs and their homes. Perhaps no mortgage lender was more emblematic of the go-go atmosphere ... live on 20 percent of their paychecks. Mortgage lenders also extracted promises from Wall Street firms ...

  • Goldman got cozy with rash lender 4 Nov 2009 05:53 GMT
    ... New Century's mortgages, one even after the California lender's underwriting criteria all but disintegrated and ... their jobs and their homes. Perhaps no mortgage lender was more emblematic of the go-go atmosphere ... Duvally denied that Goldman felt pressure from mortgage lenders to relax its standards to win bids ...

  • Goldman Laid Down with Dogs 4 Nov 2009 21:17 GMT
    ... this financial crisis—it was the second-biggest subprime mortgage lender when it went belly-up in April 2007, ... in private jets and zipping around Southern California in Mercedes Benzes, Porsches and even a ... be made. So to feed the beast, mortgage lenders came up with disastrous inventions like NINJA ...

  • This is the bust in the boomtown that banks built 1 Nov 2009 05:14 GMT
    ... City, and Seattle, home to the giant mortgage lender Washington Mutual, which became the largest bank ... out in Wilmington, Del., and Orange County, Calif. Deregulation allowed banks to avoid state caps ...


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