When I read this article, I kept hearing that song “Take It To The Limit One More Time”! They’ve changed the words “Sub-Prime” to “Non-Prime” and we re going to take it to the limit one more time…

Subprime mortgages make a comeback—with a new name and soaring demand The subprime mortgage industry vanished after the Great Recession but is now being reinvented as the nonprime market. Carrington Mortgage is now offering mortgages to borrowers with “less-than-perfect credit.” Demand from both borrowers and investors is exceeding expectations. Diana Olick | @DianaOlick Published 10:45Continue reading “When I read this article, I kept hearing that song “Take It To The Limit One More Time”! They’ve changed the words “Sub-Prime” to “Non-Prime” and we re going to take it to the limit one more time…”

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New Upcoming Fines for JP Morgan and Chase Co.

Mortgage group concerned about payment structures for fines  http://www.insidecounsel.com/2013/10/08/mortgage-group-concerned-about-payment-structures?t=litigation  Group says large banks have the option to leverage loans they don’t own in order to settle violations BY CHRIS DIMARCO October 8, 2013 • Reprints  While the Department of Justice (DOJ) and J.P. Morgan and Chase Co. have still yet to reach a settlement toContinue reading “New Upcoming Fines for JP Morgan and Chase Co.”

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