| Mortgage woes not all shocking
The disclosure by Irvine-based New Century Financial Corp that its bank lenders were pulling funding didn't come as a shock to some mortgage lenders and bankers in the Coachella Valley. After all, there's long been talk in mortgage lending and financial circles about risks inherent with some adjustable-rate mortgages and other loan programs that have resulting in increasing home-loan defaults and foreclosures. Now, as the second-largest subprime mortgage company in the U.S. falters, there's discussion that the federal government should take new steps to protect low-income homeowners at risk of foreclosing. Some loan programs introduced by subprime lenders were simply risky, said Jim McPhail, a mortgage finance specialist in Palm Desert who focuses more on reverse mortgages.
Mortgage Planner Kent Kopen Earns Expert Certification, 1st ...
Kent Kopen has earned the Certified Liability Advisor (CLA) designation by completing the Manage Liabilities Into Assets program, which provided an intense education that involved various liability management concepts and strategies. For Immediate Release IRVINE, Calif./EWORLDWIRE/March 29, 2007 --- Kent Kopen, Certified Mortgage Planner in Orange County, Calif., has completed training at the 1st Metropolitan Mortgage National Reverse Mortgage Center in Orlando, Fla. to earn the Reverse Mortgage Specialist (RMS) designation. The program covered regulatory compliance issues, processing, underwriting, and best business practices for originating the 8 types of reverse mortgages offered by 1st Metropolitan Mortgage. Los Angeles and Orange County, Calif. are the second and third most active areas for reverse mortgages handled by FHA.
WHY WE'LL MISS
Baseball - real baseball, where the stats count - is back, and that's great. But spring training is a year away, which, for us Floridians, is not. Here are the top five reasons I miss the spring. 5 Day baseball. I'm a sucker for night games, but there's something special about spending a sun-drenched afternoon in the bleachers, with the smell of beer, concession stands and suntan lotion wafting over the crowd. 4 No need for a second mortgage. For less than 10 bucks, you can buy a bleacher seat - a seat right on top of the action, not 450 feet away. Affordable for everyone, families included. 3 Everyone's here. Bradenton feels like a baseball hub for a month, with the Pittsburgh Pirates, Cincinnati Reds, Toronto Blue Jays, New York Yankees, etc. all a simple drive away.
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