Credit Crunch in USA Affecting Australian Mortgage Markets

"I feel sorry for the home owners that have been working with quickloanfunding who have put out the $350-$500 for there appraisal that wont be reciveing a loan or their refund."
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QuickLoanFunding Company Lays off 80% off there employees again!

Ex-employee: "Quickloanfunding again laid off 85% of there staff yesturday. The owner Daniel Sadek couldnt even meet with the employees to tell them that he was laying people off again. He made Mark Bishop tell everyone that there ...more

Faith-based mortgage lender denied redemption

Flood, the former CEO whose January severance package was $5 million, plans to start another faith-based mortgage company. He says HomeBanc employees and customers will take what they learned and plant the seeds wherever they land. ...more

Credit Crunch in USA Affecting Australian Mortgage Markets

The mortgage company said that if market volatility continued, the effect on Rams’ earnings was “likely to be material.” The chief executive of Bluestone Mortgages, a second Australian lender that is carrying a large number of loans to ...more



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