| Low Rate Mortgage Refinancing Low Interest Rates offered by Online ...
Online Mortgage, Inc. is an online consumer direct lender dedicated to providing borrowers with a Keep It Simple way to obtain mortgage, refinance and home equity loans. Since its launch in 2001, OnlineMortgageInc has drawn upon its pro consumer values to improve the lending experience in revolutionary ways. By eliminating the traditional incentive structure to charge consumers higher rates, giving consumers free access to credit scores and getting rid of lender fees, OnlineMortgage, Inc. is providing a uniquely open, fair and honest loan process. To visit the Online Mortgage Inc. profile please go to:
http://profile.finditt.com/ProfileView.aspx?ProfileID=1101 As a global leader in news distribution, TransWorldNews and its affiliate sites offer companies and individuals the most comprehensive services available for news dissemination, product and service awareness, and web traffic.
Galvin to urge curbs on seizure of homes
With record numbers of Massachusetts homeowners facing foreclosures, Secretary of State William F. Galvin today will urge the Legislature to require mortgage lenders to get permission from local judges before they seize the homes of delinquent borrowers. Galvin said court supervision would help ensure foreclosures sought by lenders are warranted and also give borrowers a venue in which to dispute the grounds for foreclosure. Massachusetts is currently among some 20 states, including California, Idaho, New Hampshire, and Texas, that do not require court approval when homeowners default on mortgage payments. "You have the right to dispute a parking ticket but not to dispute the taking of your home," Galvin said yesterday. "We have to move now. This demands urgent action today." Galvin does not have direct regulatory supervision over the mortgage industry.
Huge Mortgage Lender Files for Bankruptcy
New Century Financial, a lender that came to symbolize the fast-and-loose mortgage practices of recent years, filed for bankruptcy protection yesterday and said it would lay off 3,200 employees, more than half its workforce. The filing by the Irvine, Calif., company was widely expected, but it is nonetheless a milestone in the mortgage industry's ongoing contraction. While nearly 50 lenders have filed for bankruptcy protection or shut their doors since the end of last year, none was as large or as respected by Wall Street as New Century. .
|
