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Temporary End For Accredited?
SAN DIEGO -- With its proposed acquisition by Lone Star Fund V (U.S.) LP in doubt, Accredited Home Lenders Holding Co. here is undergoing a restructuring program that shuts down its U.S. mortgage originations operations for the time being.
The announcement came one day after Accredited agreed to trade $1 billion of loans under a 90-day purchase agreement with an unnamed investor at an advance rate comparable to the advance rates it receives from its warehouse lenders.
The initial settlement of an approximately $500 million pool occurred on Aug. 17. Accredited at its discretion can repurchase of all the traded loans through mid-November 2007 at a premium to the advance rate.
"If the market improves to a rational level, our intention is to repurchase these ...
- 'INSIDE MORTGAGE FINANCE' RELEASES ESTIMATES ON MORTGAGE ORIGINATIONS, LIST OF...
- Press release article from: PR Newswire July 27, 1992 700+ words
...FINANCE' RELEASES ESTIMATES ON MORTGAGE ORIGINATIONS, LIST OF TOP LENDERS IN 1992 WASHINGTON...mortgage refinance rush started, mortgage originations had soared to unprecedented levels...by "Inside Mortgage Finance," mortgage originations during the first six months of...
- Mortgage originations to trend down.
- Newspaper article from: Asset Securitization Report Sibayan, Karen April 19, 2004 700+ words
...Bankers Association (MBA) expects mortgage originations to trend down to $2.57 trillion...He added that further drops in mortgage originations are expected in 2005 and 2006 to...The main source of the dip in mortgage originations is refinancing, which is dropping...
- Mortgage originations: it's a local story.(Snapshot)(Statistical data)
- Magazine article from: ABA Banking Journal McCune, John November 1, 2006 700+ words
...mortgage origination volumes. Will mortgage originations fall off; will asset quality worsen...look at the recent history of mortgage originations. The chart below, using quarterly...This suggests that the driver of mortgage originations were homeowners and not speculators...
- Alliance Financial Announces First Quarter Earnings; Mortgage Originations and...
- Press release article from: PR Newswire April 15, 2009 700+ words
...Alliance achieved record levels of mortgage originations, deposit growth and net interest...of business." Webb added, "Mortgage originations increased 48% from the first quarter...originations follows a record year of mortgage originations for Alliance in 2008 of $103...
- ALLIED SAVINGS BANK SETS RECORD IN MONTHLY MORTGAGE ORIGINATIONS IN AUGUST
- Press release article from: PR Newswire September 7, 1993 700+ words
...today announced that mortgage originations in Aug. 1993 at Allied...the $84 million in mortgage originations in Aug. 1992. "We...continued growth of our mortgage originations, which year-to...
- MORTGAGE INTEREST RATES EXPECTED TO DECLINE LATER IN YEAR, SAYS FANNIE MAE;...
- Press release article from: PR Newswire June 25, 1996 700+ words
...mortgage funds. Berson said he sees mortgage originations continuing to show strength through...addition, Berson said he expects mortgage originations this year could rise to about...several months, but the ARM share of mortgage originations will fall modestly in 1997, with...
- ALLIED SAVINGS BANK REPORTS MORTGAGE ORIGINATIONS FOR MAY
- Press release article from: PR Newswire June 2, 1993 700+ words
...Redwood Empire Bancorp (AMEX: REB) today announced mortgage originations in May for Allied Savings Bank, its wholly owned subsidiary...officer of Allied Savings Bank, attributed the growth in mortgage originations to the success of the company's efforts to expand its...
- ALLIED SAVINGS BANK REPORTS MORTGAGE ORIGINATIONS FOR APRIL
- Press release article from: PR Newswire May 3, 1993 700+ words
...Redwood Empire Bancorp (AMEX: REB) today announced mortgage originations in April for Allied Savings Bank, its wholly-owned...officer of Allied Savings Bank, attributed the growth in mortgage originations to the company's strategy to expand its wholesale lending...
- Expect 'significant declines' in mortgage originations.(Book Briefing)
- Magazine article from: Mortgage Banking June 1, 2008 700+ words
...even as they should expect "significant declines" in mortgage originations through the rest of this year and beyond, according...in mortgage finance activity this year as total home mortgage originations are expected to come in at $1.99 trillion in 2008...
- Citi in Top Three for Mortgage Originations.
- Press release article from: Business Wire November 6, 2006 700+ words
...LOUIS -- Citigroup (Citi) ranked number three in mortgage originations in the latest rankings published by Inside Mortgage Finance...continued industry decline. Year-to-date, Citi's mortgage originations exceed $100 billion. Last year, Citigroup combined...
Source: HighBeam Research, Temporary End For Accredited?