Mortgage News

Archive for the ‘Ads’ tag

Regulators Hasten to Assure Depositors that their Money is Secure as IndyMac is put into Receivership

without comments

Federal regulators and Bush Administration officials spent the weekend
reassuring bank depositors nationwide that their
deposits are secure and, as the ads say, insured by the Federal Deposit
Insurance Corporation (FDIC).

The public information campaign was launched to quiet fears that were
stoked by the failure of California-based IndyMac late
Friday. IndyMac, with total assets of $32 billion, became the third
largest bank to fail in U.S. history
and its collapse is expected to
cost the bank insurance fund between $4 billion and $8 billion.

Regulators fear that depositors concern about their money will
spread to other banks hard-hit by the mortgage
crisis…

Read More Now

Zillow, Always Creative, Puts a New Twist on Mortgage Lead Generation

without comments

Zillow has just inaugurated another aspect to its
real estate services portfolio.

Now Zillow has turned the lead generation industry on its
head.

Calling its service the Zillow Mortgage Marketplace,
Zillow offers borrowers the opportunity to receive multiple free quotes
without submitting sensitive financial information on the site and for
lenders to receive leads for free.

Here is how it works…

Read More Now