Ownit Mortgage Solutions, Inc. ("Ownit") AnnounceS that they have Entered into a Strategic Alliance with C-BASS for the Servicing and Default Management of their Mortgage Loans
Woodland Hills, CA (ContentDesk) July 29, 2004 --
Ownit Mortgage Solutions, Inc. ("Ownit") announced today that they have entered into a strategic alliance with C-BASS for the servicing and default management of their mortgage loans.
Ownit also expects to partner with C-BASS in the selling and security of its loans.
John duHadway, Ownit's Chief Financial Officer, stated "We are excited to partner with C-BASS.
As a Company and as individuals, we have enjoyed a strong relationship and this alliance marks the evolution to the next level.
Partnering with C-BASS enables us to focus on what we do best ? creating and delivering products.
C-BASS on the other hand is the preeminent subprime and special service in the market.
The combination of our competencies, we believe, will command a premium in the market ? the best product and innovation and the best servicing and default management." Bill Dallas, Chairman, President and CEO of Ownit is also Chairman of MindBox LLC and Sysdome Corporation, envisions leveraging each other's technology expertise. "We rely upon Sysdome for risk-based analysis of originations pre-funding and at a loan level.
C-BASS is recognized as a leader in using technology and analytical tools to service ALT-A and subprime loans.
By partnering with C-BASS, we ensure that performance data on Ownit loans is fed back to Sysdome enabling us to make faster, more accurate decisions in an automated fashion at point of sale.
This relationship solidly aligns Ownit, C-Bass, and the investors in Ownit's Loans." Terms of the agreement were not disclosed.About Ownit Mortgage Solutions? Ownit Mortgage Solutions is a provider of unique mortgage solutions focused on serving brokers throughout the United States.
Ownit's corporate headquarters located in Woodland Hills, CA combined with a nationwide network of offices offer a comprehensive line of mortgage solutions. The RightLoan?, the company's proprietary product, is a risk-based product focused on purchase money, owner-occupied mortgages offering up to 100% financing.
Ownit Mortgage Solutions has recently expanded adding four new locations.
Portland, Oregon, Denver, Colorado and Phoenix, Arizona and Cincinnati, Ohio branches will offer Ownit more coverage across the country and the opportunity to greatly increase performance. About C-BASS ? C-BASS is a New York-based company specializing in the acquisition, servicing and security of credit-sensitive residential mortgages.
C-BASS combines advanced credit risk analysis, seasoned loss mitigation expertise, and proprietary default management technology to provide special servicing and subprime servicing for credit sensitive and non-performing mortgage loans.
C-BASS is a limited liability company capitalized by MGIC Investment Corporation (NYSE:MTG), Radian Group, Inc. (NYSE:RDN), and C-BASS management.
MGIC Investment Corporation, based in Milwaukee, WI is the parent of Mortgage Guaranty Insurance Corporation (MGIC), and Radian Group, Inc., based in Philadelphia, PA is the parent of Radian Guaranty Inc.Contact Information:Diana Williams8185950200e-mail protected from spam botsOWNIT MORTGAGE SOLUTIONS.
Inverse Mortgage: Pays Off Your Mortgage in 12 Months - New Mortgage Pay Off System Reduces 15, 20, even 30 Year Mortgages to One Year - Zero Cost - Zero Risk
What is this New Inverse Mortgage all about? Mortgage Brokers are embracing this new innovation in mortgage financing.
This is not a mortgage cancellation or settlement program. This is about using what is probably your largest expense each month and eliminating it in less than a year. There is Zero Out-of-Pocket to participate.If you own your own home or currently rent, the Inverse Mortgage enables you to turn that monthly mortgage payment or monthly rental payment into an asset building tool. Buy a home, refinance a home, real estate, own a home, refi a home, first time buyer, home ownership, qualify for a house, low interest rate, rising interest rates, rising mortgage rates:
whatever your situation, you can apply this system because it has nothing to do with credit ratings.How it works:By just changing the timing of your monthly payment and investing about 10 hours of work, you can have your entire mortgage paid off, in full, in a matter of months.And if you rent,...
Mortgage > Inverse Mortgage: Pays Off Your Mortgage in 12 Months - New Mortgage Pay Off System Reduces 15, 20, even 30 Year Mortgages to One Year - Zero Cost - Zero Risk
Over 100 Years of Mortgage Experience Address Mortgage Fraud Issues
San Antonio, Texas (ContentDesk) May 18, 2006 -- MortgageMediaMag, the leading provider of audio and video content for mortgage professionals, released their Mortgage Fraud Roundtable for 2006.
The expert panelists debated fraud issues, tools, and prevention strategies that are driving the mortgage industrys efforts to increase the quality of pipeline loans.
The Roundtable can be heard at http://www.MortgageMediaMag.com.Roundtable Panelists:Bill Draving, Host MortgageMag LIVE!Charlie Elliott, President Elliott and Company AppraisersDr. Mark Fleming, Director of Economics CoreLogicRon Litt, President Advantage Credit InternationalKevin Ludden, Vice President of Industry Relations InterthinxPatrick Tuttle, Recruiting Manager Network FundingNearly 120 years of mortgage industry experience was represented in the Roundtable.
The discussion brought together six high-profile professionals from...
Mortgage > Over 100 Years of Mortgage Experience Address Mortgage Fraud Issues
An Introduction To Second Mortgage Loan Rates
Many people use a second mortgage to generate much needed funds. It is just a loan on property owned by you. However in case you default on payments your first mortgage would have legal preference on receiving payment than the second mortgage.
Usually a second mortgage is used for home improvements, to avoid private mortgage insurance, for debt consolidation programs, or for purchasing an additional home.
Although a second mortgage can serve to bail you out of a situation you are risking the most important investment in life, your home. A second mortgage could land you in a debt trap.
And, as the loan has a risk element for the lender the interest rates are normally higher than a plain-vanilla mortgage but much lower than a credit card loan or personal loan.
If you need a second mortgage it will be easiest to obtain it from the bank, credit union, or institution you are already with. The other alternative is to source it from the same lender...
Mortgage > An Introduction To Second Mortgage Loan Rates
Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage
There are many benefits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. It is important to look at all options when it comes to something as important as getting a mortgage for your new home.There are a few benefits to fixed rate mortgages. One benefit is that the rates and payments remain constant. There won't be any surprises even if inflation surges out of control and mortgage rates head to 20%. This kind of stability makes budgeting easier.
People can manage their money with more certainty because their housing expenses won't change. Fixed rate mortgages are simple to understand making them appealing and good for first time buyers. Also longer term fixed rate mortgages are very affordable. There are also a few drawbacks to fixed rate mortgages. To take advantage of falling rates, mortgage holders would have to refinance.
That can mean a few thousand dollars in closing costs, another trip to the title company's office and several hours...
Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage
Mortgage > Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage
Mortgage Refinancing Expert Oliver Maldonado Recommends the Best Mortgage in America!
The best mortgage in America has a low interest rate currently at about 1.95%. "This mortgage isn't in my opinion the best mortgage in America solely because of the amazingly low rate, but also because of several additional options it has. This incredible mortgage can also be converted into a 15-year mortgage without having to refinance and without having to re-qualify again. It also has an interest only option for additional savings in case your financial situation should change. If you think about it, it's the equivalent of 3 mortgages wrapped into one.
It very well may be the last mortgage you'll ever need!" say's Oliver Maldonado.This mortgage has also been called "The Magic Mortgage". When asked why would he reveal this information Oliver replied, "first of all, I work for my clients! I'm on their side, not the side of the Lender so I want to provide all of my clients with the best possible mortgage available for them that is in their best interest! Lenders make their money...
Mortgage Refinancing Expert Oliver Maldonado Recommends the Best Mortgage in America!
Mortgage > Mortgage Refinancing Expert Oliver Maldonado Recommends the Best Mortgage in America!
What Is An Interest Only Mortgage, And Should I Get One?
There is a non-traditional type of home mortgage loan being marketed to consumers known as an interest only home mortgage loan. Sometimes called a balloon mortgage, an interest only mortgage is exactly what the name implies. For the term of the mortgage, the borrower is paying only the interest that is due on the home mortgage loan and is not paying anything back towards the original loan amount.At the end of the mortgage term, the balance due on the loan will be equal to the full amount that was originally borrowed. This balance will be due, in full, when the mortgage loan term ends.Why an Interest Only Mortgage Loan Sounds AttractiveObviously, we would all like our monthly mortgage payments to be as low as possible. With an interest only home mortgage loan, the borrower is keeping his monthly payments to a minimal by paying only the interest that was accrued on the loan in the last thirty days since his last payment.
Therefore, this type of mortgage is often marketed to the...
What Is An Interest Only Mortgage, And Should I Get One?
Mortgage > What Is An Interest Only Mortgage, And Should I Get One?
Florida Mortgage Companies
There are a number of national mortgage companies with offices in Florida and a large number of local companies.
To find the right company for you, start by asking family members and friends who live in the area you are interested in buying a home in about mortgage companies they recommend.
Your financial institution may provide mortgage services, have a mortgage affiliate, or be able to advise you on reputable mortgage companies in the area.
Your mortgage company should offer you a range of services and products to ensure you find the mortgage that's right for you.
If you don't find what you're looking for at one company, move on to the next.
The more you shop around, the more you will learn what mortgage companies have to offer.
Some may provide comprehensive services from start to finish, including affiliations with or in-house access to mortgage brokers and real estate agents.
Others may offer only mortgage...
Mortgage > Florida Mortgage Companies
Appliance Part Repair
If your appliance is malfunctioning then one or more of its parts might need repair. You can go to your nearest repair shop or, if you don't have time, log on to your computer and choose the right kind of mechanic from a wide variety of web resources.
One can also order a part which needs to be replaced. These parts are shipped to your doorstep, with warranties for a specified time period. The rates charged by online repair shops are quite reasonable and competitive.
Heavy...
appliances
Mortgage > Appliance Part Repair
Mortgage
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