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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (72043)2/13/2007 11:53:16 AM
From: Wyätt GwyönRead Replies (2) | Respond to of 306849
 
ResMae Seeks Bankruptcy; Credit Suisse to Buy Assets (Update1)

By Bradley Keoun and Jody Shenn

Feb. 13 (Bloomberg) -- ResMae Mortgage Corp., a U.S. home lender to people with bad credit, filed for bankruptcy protection and said Switzerland's Credit Suisse Group agreed to buy its assets to for $19.1 million.
bloomberg.com



To: Wyätt Gwyön who wrote (72043)2/13/2007 12:17:42 PM
From: CalculatedRiskRespond to of 306849
 
WSJ a day late ...

Fremont General Said To Eliminate 2nd-Mortgage Offering
2007-02-13 11:51 (New York)

By James R. Hagerty
Of THE WALL STREET JOURNAL

Fremont General Corp. (FMT), a sizable subprime mortgage lender, has stopped providing "piggyback" second mortgages that are frequently used by financially stretched borrowers seeking to finance 100% of a home's price, according to
emails received this week by mortgage brokers.