Mortgage
PSMI Opening Office in Clovis
December 11, 2007 Posted by New Mexico Real Estate
Rebecca Reid-Carlyle Opens PSM Office
ROSWELL, N.M., Dec. 10 /PRNewswire-FirstCall/ — PrimeSource Mortgage, Inc. (PSMI) continues to open branches Nationwide. PSMI proudly announces the opening of an independently owned and operated PrimeSource Mortgage (PSM) office in Clovis, New Mexico. Rebecca Reid-Carlyle is the owner and operator of this new PSM branch.
Thornburg Mortgage Announces Joseph H. Badal to Retire December 31, 2007
October 23, 2007 Posted by New Mexico Real Estate
SANTA FE, N.M.–(BUSINESS WIRE)–Oct. 22, 2007–Thornburg Mortgage Inc. (NYSE: TMA) announced today that Joseph H. Badal will retire as chief lending officer effective December 31, 2007. Paul Decoff, who is currently executive vice president, lending operations and product development, will succeed Joseph H. Badal, who will retire from his management position of senior executive vice […]
Governor Richardson Announces Task Force on Mortgage Lending
September 29, 2007 Posted by New Mexico Real Estate
Group to Address Subprime Lending in New Mexico
Santa Fe, NM, Aug. 30, 2007 — Governor Bill Richardson today signed an executive order establishing a Governor’s Task Force on Mortgage Lending to evaluate the potential impact of the national subprime lending crises on in-state mortgage lending and make recommendations to protect New Mexico consumers.
Subprime fallout touches commercial real estate
July 25, 2007 Posted by New Mexico Real Estate
The subprime mortgage fallout is affecting all areas of real estate. Even commercial properties are being subjected to tightening underwriting standards. What does this imply? The monthly income generated by a property needs to be bigger than the monthly loan payment, which implies that the property has been priced properly.
