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California Second Mortgage

Tough Talk on Countrywide Mortgage Suits  Six plaintiffs, including California Attorney General Jerry Brown, will ask a federal panel on Thursday to keep their individual lawsuits against Countrywide Financial Corp. untangled and out of a single federal court. Lawyers for Brown, the state of Illinois, the city of San Diego and plaintiffs in three private class actions say their claims against the troubled mortgage lender would be better ...

TEAM Nation Issues Report on Mortgage Backed Securities Acquisition Fund  OTCBB: TEMN The management group of TEAM Nation Investment Group, LLC, a joint venture between TEAM Nation Holding Corporation, a California corporation "TEAM-CA", and A.B.S.I.G., LLC, have been investing in the acquisition of distressed RMBS Real Estate Mortgage Backed Securities since November, 2007.

BofA names new head of mortgage sales   Bank of America Corp., the nation's second-largest bank, named Craig Buffie as its top mortgage-sales executive, displacing former Countrywide Financial Corp. executive Drew Gissinger. “Craig brings exceptional transformational leadership experience and deep knowledge of Bank of America operations to this role,” Barbara Desoer, mortgage, home equity and insurance-services president, said in a ...

People Magazine Features Southern California Woman Who Takes a Second Mortgage on Her House to Give Landmine Victim ...   People Magazine September 22nd Edition on newsstands now features a 7 page article about Beloved, a Zimbabwe youth who lost half his face to a landmine accident and American "Mom" Jennifer Trubenbach from Southern California takes out a second mortgage on her home to pay for his $180 K hospital costs. PRWeb Sep 18, 2008 Read the full story at ...

California's economy seen geting worse   California's sputtering economy is going to get worse, a report released on Wednesday said.

Pricing mortgage-backed securities will be tough  Some things are easy to price. Others, not so much. And that's the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no one wants to buy.

California Lender Learns Hard Lessons in Deploying Product and Pricing Technology   MSM Lender, a residential mortgage lender based in Rancho Cucamonga, California, shared their view of the crowded product and pricing engine marketplace from a mid-tier lender perspective.

McCain's manager got thousands from mortgage giant: report   The lobbying firm owned by John McCain's campaign manager, Rick Davis, accepted half a million dollars from stricken mortgage giant Freddie Mac, reports said Wednesday.

U.S. MBA's Mortgage Applications Index Dropped 11% Last Week  Sept. 24 -- Mortgage applications in the U.S. fell last week as higher borrowing costs and tougher lending rules hurt purchases and refinancing.

Sneaky 'daylighters' risk firing by working extra jobs  Brian, a 30-something salesman from New York City, uses bathroom breaks to handle the demands of his second job. The bathroom stall becomes a secret cubicle for his other job as a mortgage broker. He sends e-mails, checks his voice mail and makes appointments.