In the news this week, the overall tone resonates that the industry is continuing to struggle. Defaults in the subprime arena have caused stocks to fall for a third straight session and major companies are posting 3rd quarter losses. While this is just bad news overall, according to the experts, it also serves as the catalyst for fraud. While there is some guilty pleasure reading about the broker who got nabbed, the overall effects of fraud aren't going to help in rebounding from this lull.

So amidst the news I like to find that one silver lining, however small it may be, to keep me going. This week it was the marginal improvement in U.S. housing affordability. Some families are realizing their dream of owning a house (and some brokers are closing some loans).

Have a great day!
Do you have live call transfers of double-verified and interested borrowers in your leads mix? You should, and we can help!
 Industry News
Bankrate
Mortgage fraud flourishes in down markets
As long as the market stays in the doldrums, mortgage fraud will continue to thrive, say experts. It can creep into any neighborhood and hurt not only buyers, sellers and lenders, but even neighbors. Full Story
Broker Universe
Hip Alternative Credit
Alternative credit reporting is in its infancy, but everyone agrees it is a service there is a need for. New research shows lender demand is growing, albeit cautiously. Full Story
Reuters
Stocks fall on mortgage defaults
Stocks fell for a third straight session on Friday as concern over rising defaults in the subprime mortgage industry drove down financial services shares and the price of oil hit a 2007 high. Full Story
CNNMoney
Improvement in U.S. housing affordability
As mortgage rates edged downward during the fourth quarter of 2006 and some real estate markets took price hits, affordability improved - albeit only marginally, according to a report released Thursday. Full Story
MarketWatch
Getting blindsided by NovaStar
One important lesson from the more than 50% three-day decline this past week in the shares of NovaStar Financial Inc., a subprime mortgage lender, should be that risk is not a four-letter word. Full Story
Reuters
H&R Block posts Q3 loss on mortgage woes
H&R Block Inc., the largest U.S. income tax preparer, reported a quarterly net loss on Thursday, weighed down by the subprime mortgage unit it has put up for sale, but revenue from its tax and banking businesses rose sharply. Full Story
BankRate
Tips to avoid mortgage fraud
Mortgage fraud is running rampant across the U.S., posing potential financial damage or ruin to homeowners and even the local community. Full Story
New York Times
New Help for 'Subprime' Borrowers
When it comes to looking for mortgages, do low-income borrowers get the credit they deserve? According to a recently released study by the Center for African American Policy at the University of Denver, the answer is no. Full Story
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 This Week's Headlines:
  • Mortgage fraud flourishes in down markets
  • Hip Alternative Credit
  • Stocks fall on mortgage defaults
  • Improvement in U.S. housing affordability
  • Getting blindsided by NovaStar
  • H&R Block posts Q3 loss on mortgage woes
  • Tips to avoid mortgage fraud
  • New Help for 'Subprime' Borrowers
 This Week's Transfers:
Get the complete list of
Transfers available this week

State Loan Type Credit X-fers
AK Refi Excel 15  
AK Refi Good 10  
AL Refi Excel 18  
AL Refi Good 22  
AR Refi Excel 10  
AR Refi Good 17  
AZ Refi Excel 50  
AZ Refi Good 13  
CO Refi Excel 56  
CO Refi Good 25  
CT Refi Excel 41  
CT Refi Good 13  
DC Refi Excel 16  
GA Refi Excel 77  
GA Refi Good 86  
IA Refi Excel 14  
ID Refi Excel 13  
ID Refi Good 11  
IL Refi Excel 246  
IL Refi Good 129  
IN Refi Excel 20  
IN Refi Good 19  
KS Refi Excel 25  
KS Refi Good 24  
KY Refi Excel 40  
KY Refi Good 28  
LA Refi Excel 76  
LA Refi Good 137  
MA Refi Excel 96  
MA Refi Good 48  
MD Refi Excel 25  
MD Refi Good 29  
ME Refi Excel 31  
ME Refi Good 12  
MI Refi Excel 104  
MI Refi Good 92  
MI Refi w/ CO Excel 11  
MI Refi w/ CO Good 13  
MN Refi Excel 10  
MO Refi Excel 59  
MO Refi Good 31  
MS Refi Good 27  
NC Refi Excel 95  
NC Refi Good 93  
NE Refi Excel 15  
NH Refi Excel 20  
NJ Refi Excel 169  
NJ Refi Good 53  
NM Refi Excel 34  
NM Refi Good 18  
NV Refi Excel 51  
NV Refi Good 20  
NY Refi Excel 235 **
NY Refi Good 82 **
NY Refi w/ CO Excel 11 **
NY Refi w/ CO Good 12 **
OH Refi Excel 71  
OH Refi Good 61  
OK Refi Excel 11  
OK Refi Good 21  
OR Refi Excel 61  
OR Refi Good 11  
PA Refi Excel 95  
PA Refi Good 57  
SC Refi Excel 52  
SC Refi Good 76  
TN Refi Excel 31  
TN Refi Good 52  
TX Debt C Good 14  
TX Refi Excel 116  
TX Refi Good 161  
TX Refi w/ CO Excel 13  
TX Refi w/ CO Good 22  
UT Refi Excel 42  
UT Refi Good 45  
VA Refi Excel 58  
VA Refi Good 39  
VA Refi w/ CO Good 12  
WA Refi Excel 102  
WA Refi Good 10  
WI Refi Excel 100  
WI Refi Good 98  
WV Refi Excel 17  
WV Refi Good 23  
WY Refi Excel 13  
WY Refi Good 10  
Quantities and specials are subject to change without notice. Some restrictions apply.
 Refi  =  Refinance
 Refi w/CO =   Refinance w/Cash Out
 Debt C  =  Debt Consol.
 Purch  =  Purchase
 *  =  70% LTV Filter
 **  =  Limited Area Codes
 ***  =  Limited AC / 70% LTV Filter