ResMAE signs asset purchase agreement with Credit Suisse

Mar 07, 2007

Creative Mortgage offers three new sub-prime productsMortgagePress.comSub-prime wholesale mortgage lending Creative Mortgage Lending has introduced its Nonprime Standalone Second Program, which includes the Alt-A Standalone Home Equity Line of Credit, Alt-A Standalone Second Mortgage and Nonprime Standalone Second Mortgage. The program provides for a minimum loan amount of $25,000 and a maximum combination loan amount of $550,000. The program does not require reserves or a limit on cash out. Southfield, Mich.-based Creative Mortgage Lending is a wholesale lender specializing in alt-A and sub-prime lending. For more information, visit www.cmldirect.com.

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Mar 07, 2007

Analysis and Data

Late Pays Rising for Student, Auto Loans

More of those with strong credit records have gone delinquent

Delinquencies are building across two major food groups — student loans and automobile financing — the feed credit scores and are sure to impact the ability of would-be home buyers to obtain a mortgage. The Education Department hasn’t updated its official student loan rep...

Analysis and Data

Buyers Faced Bigger Down Payments in 2024

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Down payments reached record highs in 2024, both in dollar amounts and as a share of purchase price, according to a new report from Realtor.com. The typical down payment in Q4 was $30,250, slightly below Q3 but about $3,000 higher than a year earlier. "As inventory recove...