Mortgage Brokers Article
The internet is replacing many businesses, banking and otherwise. Why
write checks, address envelopes, buy stamps, and finally mail the envelopes,
just to pay your bills? Wouldn’t you rather pay all your monthly bills online
- with one click? Why go to your local insurance agent, waste time, and get
a mediocre rate - when you could get hundreds of companies online
competing for your business - and get a LOW insurance rate?
Besides, many people who go through a local bank to get a mortgage end up
sending a check to some company they never heard of - in some other state!
That’s because the bank just sells you the customer (as a lead), or resells
your mortgage to someone else, because they don’t even want the loan!
Most importantly of all: Local banks are simply NOT MOTIVATED to get
you a low rate on your mortgage.
The most common Mortgage Myths
While we’re at it let’s get rid of some of the most common mortgage myths
around that many people still believe. Many people wrongly believe these
myths because they were told these things by parents, peers, and others who
have been similarly mislead. Also, many of these were true years ago, but
simply are not true anymore due to recent changes in how mortgages are
handled.
Mortgage st charles News
mortgage brokers
NEW YORK, Sept 3 (Reuters) - GMAC LLC, the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its Residential Capital LLC unit and close all 200 GMAC Mortgage retail offices to combat weak housing and credit markets. The job ...
Read moreGMAC to cut 5,000 jobs at ResCap mortgage unit - Guardian Unlimited
LOS ANGELES - Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. The ...
Read moreGMAC slashing work force, reduces mortgage lending - CNBC
NEW YORK (Reuters) - GMAC LLC (nyse: GJM - news - people ), the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its Residential Capital LLC unit and close all 200 GMAC Mortgage retail offices to combat weak housing and ...
Read moreGMAC to cut 5,000 jobs at ResCap mortgage unit - Forbes
MEMPHIS, Tenn., Sept. 3, 2008 (GLOBE NEWSWIRE) -- First Tennessee Bank N.A., a subsidiary of First Horizon National Corp. (NYSE:FHN), announced today that it has selected PHH Mortgage, a subsidiary of PHH Corp. (NYSE:PHH), to streamline its retail ...
Read moreFirst Tennessee Selects PHH Mortgage to Support Retail Mortgage ... - MSN MoneyCentral
NEW YORK (Reuters) - Two former Credit Suisse brokers were charged on Wednesday with fraud and conspiracy over deceptive sales of subprime-related auction-rate debt, government officials said, part of an industrywide probe of the securities. The U.S ...
Read moreEx-Credit Suisse brokers accused in fraud scheme - MSN MoneyCentral
Sept. 3 (Bloomberg) -- GMAC LLC and its Residential Capital LLC home loan unit plan to dismiss 5,000 employees, or 60 percent of the unit's staff, and close all 200 GMAC Mortgage retail offices because of weak real estate markets. The first 3,000 job ...
Read moreGMAC Mortgage Unit to Dismiss 5,000, Shut 200 Offices (Update2) - Bloomberg
As a Rescap employee who just got laid off, it’s funny how good people are when it comes to criticizing… in hindsight. One could blame … read more the lender, the feds, the brokers but most of the blame falls on a majority of the Donald ...
Read moreStruggling mortgage lender ResCap to cut 5,000 jobs - Minneapolis Star Tribune
WASHINGTON September 3, 2008, 01:36 pm ET · Federal prosecutors and regulators on Wednesday accused two former Wall Street brokers of defrauding customers by making more than $1 billion in unauthorized purchases of securities tied to subprime ...
Read more2 brokers accused of $1B subprime fraud - NPR News
Federal regulators on Wednesday accused two former Wall Street brokers of defrauding their customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. The Securities and Exchange Commission alleged in ...
Read moreSEC accuses 2 brokers of $1B subprime fraud - Forbes
WASHINGTON (AP) -- Federal regulators on Wednesday accused two former Wall Street brokers of defrauding their customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. The Securities and Exchange ...
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