Debt service coverage explained

National Mortgage Professional

Jun 11, 2006

Benchmark sponsors NASCAR racerMortgagePress.comRichardson Racing Benchmark Mortgage, ranked number 57 on the Inc. 500 list of fastest growing private companies in America, has announced its title sponsorship of the #1 Richardson Racing NASCAR Championship Craftsman Truck. Driven by Robert Richardson, Benchmark's #1 WinYourMortgage.com Craftsman Truck will be racing in 25 cities in 19 states across America in 2006. For more information, visit www.benchmarkbranchpartners.com.

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Jun 11, 2006

Courts

Former Live Well CEO Sentenced to 44 Months In Prison

Prosecutors had sought 15 years in $200M bond fraud scheme.

Michael Hild, the founder and former CEO of defunct Live Well Financial Inc., was sentenced Friday to 44 months in prison for orchestrating a $200 million bond fraud scheme. The sentence was imposed by Judge Ronnie Abrams in the Southern District Court of New York and confi...

Reverse

Fairway Overhauls Its Reverse Mortgage Channel

Company decentralizes its operations and creates Reverse Advisory Council.

Fairway Independent Mortgage Corp., one of the nation's largest lenders, said Monday it is reorganizing its reverse mortgage channel. Calling it “the next step in the evolution of reverse mortgages,” Fairway said it is decentralizing its operations, “moving away from the st...