Monthly Archives: March 2008

Missal also found that senior management at the Irvine, Calif.-based lender failed to take appropriate steps to manage rising risks caused by the company’s aggressive approach to originating loans, often to borrowers who couldn’t afford them. “New Century had a … Continue reading →

Despite a dramatic drop in prices, homes still weren’t selling at last year’s pace in February, according to estimates Monday from the California Association of Realtors. Statewide, home sales decreased 28.5 percent in February compared with the same period a … Continue reading →

Despite a dramatic drop in prices, homes still weren’t selling at last year’s pace in February, according to estimates Monday from the California Association of Realtors.   Statewide, home sales decreased 28.5 percent in February compared with the same period … Continue reading →

Mortgage companies are growing more cautious and tightening lending standards for some of their most credit-worthy customers – from increasing down payments for home purchases to requiring higher credit scores for loan approvals. An applicant has to be a prime … Continue reading →

In a time when tens of thousands of people are losing their homes to foreclosure, house prices are falling and the mortgage industry is being criticized for its part in the credit crisis, it’s not surprising that some disputes end … Continue reading →