Tag: finance
What should a loan modification look like?
I just wrote this long comment on Jillayne’s post, and decided it needed to be a post of its own. This loan mod returns the risk premium that was not effective at controlling risk. It didn’t work…give it back. It also makes the lender partly responsible for approving short term income on a long term [...]
Posted: October 27th, 2008 under Loan Modifications.
Tags: fee, finance, loan, modification, premium, rates, subprime
Comments: 38
IndyMac Leaves the Mortgage Arena
This announcement from IndyMac came via a press release today:
“…effective July 7, 2008, that we will no longer accept any new loan submissions or rate locks in our retail and wholesale forward mortgage lending channels, except for our servicing retention channel. We plan to honor all of our existing rate-locked loans and will continue to [...]
Posted: July 7th, 2008 under Mortgage and Lending.
Tags: finance, indymac, loans, Mortgage and Lending, News, underwriting, wholesale
Comments: 20
Personal Finance with Mint
The winner of TechCrunch40 is a personal finance tool called Mint that looks very promising. I’m particularly interested in the way that they offer optimization of accounts…
For more, Robert Scoble interiewed the CEO:
I just signed up and if it turns out to be as useful as it sounds, I’ll definitely check back in…
Posted: September 20th, 2007 under Technology.
Tags: finance, interview, mint, personal
Comments: 7
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