Fannie, Freddie woes raising mortgage rates (MSNBC) Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan.
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Hip-hop's Dash skipped paying mortgage: suit (New York Daily News) A bank is suing Damon Dash for allegedly dashing away from his mortgage. The hip-hop mogul failed to pay Eastern Savings Bank $78,504 in monthly payments for a pair of trendy Tribeca condos, the bank claims.
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'Liar loans' drag out the mortgage crisis (The Star-Ledger) In the mortgage industry, they are called "liar loans" -- mortgages approved without proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
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Liar loans in the United States threaten to prolong mortgage crisis (MSN Money Canada) NEW YORK - In the U.S. mortgage industry, they are called "liar loans" - mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
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Financiers' turmoil affects borrowers (Detroit Free Press) Fannie Mae and Freddie Mac may or may not need a government bailout, but the turmoil surrounding the mortgage finance companies' decline has already meant four things for borrowers: higher interest rates, more fees and closing costs, bigger down payments and fewer loan choices.
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'Liar loans' threaten to prolong mortgage crisis (North County Times) In the mortgage industry, they are called "liar loans" ---- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job and (no) assets."
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'Liar loans' threaten to prolong mortgage crisis (Washington Post) -- In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
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'Liar loans' threatening to prolong mortgage crisis (Lansing State Journal) In the mortgage industry, they are called "liar loans" - mortgages approved without proof of the borrower's income or assets. The worst earn the nickname "ninja loans": "no income, no job, and (no) assets."
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.Liar loans' threaten to prolong mortgage crisis (Lexington Herald-Leader) In the mortgage industry, they are called .liar loans. . mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname .ninja loans,. short for .no income, no job, and (no) assets.. The nation's struggling housing market, already awash in subprime foreclosures, is now getting hit with a second wave of losses as homeowners with liar ...
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'Liar loans' threaten to prolong mortgage crisis (Newsday) Mortgages approved without proof of borrower's income or assets are called liar loans; the worst are known as "ninja," for no income, no job, no assets.
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