New record for 30 year mortgage rate Here we go again setting new records. Freddie Mac’s weekly report said the 30-year fixed rate slipped to 4.44% for the week ended Thursday, the lowest since it began tracking the rate in 1971. Last week’s rates stood at 4.49%, and a year ago it was at 5.29%…. Read More
Understanding How & Why Lenders Make Loans
December 28, 2009 By Leave a Comment
The 5 C’s to Securing Cash Banks are in the business of making money so it should come as no surprise that lending is at the top of the priority list. Outside of transaction fees and other miscellaneous charges, the main method of making money available to most lenders is the origination and/or servicing of… Read More
Fairfield Residential files Chapter 11 bankruptcy (San Francisco Chronicle)
December 14, 2009 By Leave a Comment
Apartment buildings owner Fairfield Residential LLC has filed for Chapter 11 bankruptcy protection, with a pre-negotiated agreement with lenders intended to facilitate a quick exit. Fairfield, based in San Diego, owns multifamily apartment buildings around… San Diego – Chapter 11 Title 11 United States Code – Limited liability company – United States – Apartment building
