Argentine Banks, Pressured by Kirchner, to Boost Mortgage Loans (Bloomberg.com) Sept. 15 (Bloomberg) -- Argentine banks, under pressure from President Nestor Kirchner, agreed to offer mortgage loans of as long as 30 years, charging fixed interest below annual inflation rates, to help spur home buying and economic growth....more...Zero to 4 Billion-VERICO Sets Record Growth in Mortgage Industry (CCNMatthews via Yahoo! Finance) VANCOUVER, BRITISH COLUMBIA AND TORONTO,ONTARIO-- - Following a year of unprecedented growth, VERICO, a national network of independently owned and operated mortgage broker firms, has quickly become the fastest growing mortgage organization in Canada....more... NovaStar Mortgage, Inc. Agrees to Purchase Retail Mortgage Lending Assets From Oak Street Mortgage LLC (Finanzen.net) NovaStar Mortgage, Inc., and Oak Street Mortgage LLCtoday announced that NovaStar Mortgage, the primary loan originationunit of NovaStar Financial, Inc. (NYSE: NFI) has agreed to acquire upto 21 retail mortgage lending locations and certain other assets ofOak Street....more... NovaStar Mortgage, Inc. Agrees to Purchase Retail Mortgage Lending Assets From Oak Street Mortgage LLC (Business Wire via Yahoo! Finance) KANSAS CITY, Mo.----Sept. 12, 2006--NovaStar Mortgage, Inc., and Oak Street Mortgage LLC today announced that NovaStar Mortgage, the primary loan origination unit of NovaStar Financial, Inc. has agreed to acquire up to 21 retail mortgage lending locations and certain other assets of Oak Street....more... No money down: a high-risk gamble (Denver Post) Monique Armijo expects to give birth to her fourth child, a girl, next month. She also expects to lose the house her family moved into just last year at an October foreclosure sale in Jefferson County....more... Goldman isn't yet interested in buying mortgage lender (Market Watch) NEW YORK (MarketWatch) -- Goldman Sachs Group (GS) has no plans to quickly follow competitors into buying residential mortgage firms, a company executive said Tuesday. ...more... Business people (Reno Gazette-Journal) Sally Kahoun has been named branch manager for Wells Fargo Home Mortgage in northern Nevada. Kahoun will oversee more than 20 home mortgage consultants in the Reno, Sparks, Fernley, Winnemucca and Elko communities. Kahoun brings more than 25 years of experience in the mortgage loan industry to her new role, which includes eight years with Wells Fargo Home Mortgage....more... OZIE PORTER, THE FACE OF MIAMI-DADE'S HOUSING CRISIS, FINALLY GOT A HOME. THOUSANDS OF OTHERS STILL WAIT. (Miami Herald) She grinned in the kitchen, danced in the den, threw up her hands in the bedroom and shouted ``We did it! We did it!'' On Friday, Ozie Porter finally got her house....more... Could it be magic? (Standard-Examiner) No tricks here; group bringing magic back to Top of Utah The lid is shut....more... |