RECENT BLOG POSTS
Assurances on Buybacks Cost a Lender By GRETCHEN MORGENSON Published: August 23, 2007 Expanding rapidly as the nation's largest home mortgage company, Countrywide Home Loans quietly promised investors who bought its loans that it would repurchase some if homeowners got into financial difficulties...
08/23/2007
FACTBOX-Banking companies cutting jobs(Reuters) - Banks and financial services companies with banking operations are in the process of cutting tens of thousands of jobs.Some have said they are reducing staffing to lower their cost structures. Others are doing so because interest rate changes have...
08/22/2007
Will Buffett take stake in Countrywide?Shares of the nation's largest provider of home loans get a lift from a Wall Street Journal report that the Oracle of Omaha may invest in the company.Stocks rallied Wednesday as investors embraced everything from a fresh round of much needed M&A news to incr...
08/22/2007
Bank of America to Invest $2 Billion in Countrywide By Valerie Bauerlein Word Count: 216  |  Companies Featured in This Article: Bank of America, Countrywide Financial Bank of America Corp. is making a $2 billion equity investment in Countrywide Financial Corp., the embattled mortgage giant, acco...
08/22/2007
1st National Bank of Arizona has ceased their Wholesale and Correspondent lending operation. Effective as of 1pm EDT (10am PDT) August 21, 2007, 1st National Bank of Arizona (FNBA) will focus on Retail originations and has suspended Wholesale and Correspondent originations. Wholesale and Correspo...
08/22/2007
As you are aware, the non-prime mortgage industry is facing a severe liquidity crisis that's affected even the largest players in our space.  Currently, the secondary market for loans has shut down for all but conforming loans and the price for non-prime and Alt-A loans is well below par.  Regret...
08/22/2007
It is unfortunate that so many home are going to be foreclosed. The most unfortunate part of it all is that people are blaming the mortgage broker and the lenders and not the people who took the loans in the first place.We have become a society of people who shift the blame for our poor judgement...
08/21/2007
Once in a while we do things that touch the lives of others and it is worth sharing. 2 years ago I was invited to be a junior board member by the Department of People with Disabilities in Oakridge NJ. I considered it an honor and honestly did not believe there was anything that I could contribute...
08/21/2007
According to the Wall Street Journal Capital One is announcing it is closing Greenpoint and laying off most of the staff.  Please read the article just released.  The Lender Relations Department is trying to obtain specific details about closing and funding existing pipelines.  We will send that ...
08/20/2007
My youngest son turned 8 today and you should see how eagerly he waited to turn 8. He started the count down 2 weeks ago. I will be 8 in one week he will say. I will be 8 in 3 days he will say. The eve of him turning 8 got his so excited he could not stand still. He came into my bed and kept boun...
08/20/2007
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Christopher Onwuasoanya

local_phone(973) 200-8397
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I use this as an opportunity to educate my business partners and clients. The more informed they are the easier it is for all to understand what our roles are.