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Consolidated American (CMDJ) Subsidiary Announces Partnership With ...
TAMPA, FL -- (MARKET WIRE) -- April 13, 2007 -- LoanWell Financial Corporation, Consolidated American Industries Corporation's (PINKSHEETS: CMDJ) residential mortgage subsidiary, has entered into a marketing relationship with the New Jersey Credit Union League (NJCUL) as of March 14th, 2007. As a result of this marketing partnership, Loan Well Financial Corporation looks to grow its market share and position themselves as a preferred Reverse Mortgage provider among New Jersey credit unions. NJCUL represents 230 credit unions in New Jersey, with over 1.2 million members. LoanWell Financial Corporation ("LoanWell") is a wholly owned Florida corporation, headquartered in Clearwater, Florida. LoanWell is a licensed Mortgage Lender, approved to originate all types of residential and commercial mortgage loans, and is a Mortgage Branch Network company with its primary concentration in Florida and New Jersey.
One way to avoid foreclosure: Just ask
Home foreclosures are up, in part because of defaults on riskier subprime loans, putting many communities at risk. But if past surveys continue to prove true, many financially troubled homeowners will never contact their lenders to work out a way to keep their homes. Foreclosure filings, which include default and auction sale notices and bank repossessions, were up 7 percent in March from the previous month and up 47 percent from a year ago, according to the website RealtyTrac, which follows foreclosures. California, Florida, Texas, Michigan, and Ohio had the most foreclosure filings, accounting for 50 percent of the nation's total foreclosures, RealtyTrac found. RealtyTrac says that when you exclude mortgage defaults among subprime borrowers -- typically people with past credit issues -- foreclosure filings nationwide are at normal historic levels.
Mortgage trouble? Ask for assistance
WASHINGTON -- Home foreclosures are up, in part because of defaults on riskier subprime loans, putting many communities at risk. But if past surveys continue to prove true, many financially troubled homeowners will never contact their lenders to work out a way to keep their homes. Foreclosure filings, which include default and auction sale notices and bank repossessions, were up 7 percent in March from the previous month, and up 47 percent from a year ago, according to the Web site RealtyTrac, which follows foreclosures. California, Florida, Texas, Michigan and Ohio had the most foreclosure filings, accounting for 50 percent of the nation's total foreclosures, RealtyTrac found. RealtyTrac says that when you exclude mortgage defaults among subprime borrowers, typically people with past credit issues, foreclosure filings nationwide are at normal historic levels.
Home foreclosures affect more than just borrowers
Home foreclosures are up, in part because of defaults on riskier subprime loans, putting many communities at risk. But, if past surveys continue to prove true, many financially troubled homeowners will never contact their lenders to work out a way to keep their homes. Foreclosure filings, which include default and auction sale notices and bank repossessions, were up 7 percent in March from the previous month, and up 47 percent from a year ago, according to the Web site RealtyTrac, which follows foreclosures. California, Florida, Texas, Michigan and Ohio had the most foreclosure filings, accounting for 50 percent of the nation's total foreclosures, RealtyTrac found. RealtyTrac says that when you exclude mortgage defaults among subprime borrowers - typically people with past credit issues - foreclosure filings nationwide are at normal historic levels.
Rising defaults on homes bad sign
WASHINGTON Home foreclosures are up, in part because of defaults on riskier subprime loans, putting many communities at risk. But, if past surveys continue to prove true, many financially troubled homeowners will never contact their lenders to work out a way to keep their homes. Foreclosure filings, which include default and auction sale notices and bank repossessions, were up 7 percent in March from the previous month and up 47 percent from a year ago, according to the Web site RealtyTrac, which follows foreclosures. California, Florida, Texas, Michigan and Ohio had the most foreclosure filings, accounting for 50 percent of the nation's total foreclosures, RealtyTrac found. RealtyTrac says that when you exclude mortgage defaults among subprime borrowers - typically people with past credit issues - foreclosure filings nationwide are at normal historic levels.
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