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November 17, 2008

Mortgage Aggregators (Wholesalers): Agents of Financial Death

Leave a Comment / CDO, currency, Eviction, foreclosure, GTC | Honor, Mortgage / By

BusinessWeek Subprime: Borne of Sleaze, Bribery, and Lies Friday November 14, 8:08 am ET By Mara Der Hovanesian It may seem like ancient history now, but not long ago the mortgage industry was turning ordinary people into millionaires. One of them was Sharmen Lane, a high school dropout who, like many other young women during …

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TILA and Purchase Money First Mortgages: From FAQ

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QUESTION: I want to confirm something with you: 1.  TILA does not apply to purchase money. 2.  TILA apply to refinance of mortgage. Is that correct? ANSWER: This is a far more complex question than it appears. Normally it would be simple. But in the context of the mortgage meltdown of 2001-2008 there are more questions than …

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