On 31st of December 2007, a foreclosure sale of a ten-storied bank building in Longview was prevented by using the bankruptcy protection legislation. The building was owned by a partnership, Two Hundred North Fredonia Ltd., led by Ronald W. Weaver Sr. The partnership acquired a 20-year loan of nearly $1.5 million for the building at the [...]
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Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
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