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California Central Coast - Changes in the Mortgage industry
August 23rd, 2007 3:13 PM

Due to the current market conditions, I will be posting periodic updates regarding the financial programs we are still able to offer to our clientele.

Despite the current changes in the mortgage industry and with a lot of lenders closing their doors, we are still able to continue offering an amazing line of products at very competitive rates.

Global Lending Solutions is in the mortgage industry to stay. We want to thank all of you for your loyalty and continued business.

We also would like to take this opportunity to remind you that we can do business in 42 states and that the following products are still available for both Purchase and Refinance:

· FHA loans

· Conforming fixed rates

· Stated Income Loans for Self Employed and Wage Earner Borrowers

· Jumbo Loan amounts up to $ 5 million

· 5/1, 7/1, and 10/1 Interest Only

· 1/1, 3/1, 5/1, 7/1, and 10/1 ARM

· Option ARM

· 5/1 Hybrid Option ARM

· Construction Loans

· Commercial Loans

· Reverse Mortgage

Stay tuned and have a great day!


Posted by Gabriele Santi on August 23rd, 2007 3:13 PMPost a Comment (0)

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California Central Cost - Changes at Global Mortgage VLC, Inc.
August 31st, 2007 11:30 AM

Global Mortgage VLC, Inc. is now Veridian Financial.

Veridian Financial understands the importance of finding the right loan for each situation. If your or your client need any type of mortgage loan, or a loan for debt consolidation, money for home improvements, a construction loan, or need first time homebuyer financing, chances are we can help you! Our agents are happy to explain each type of mortgage loan available, and will work with you and/or your client to find the ideal financing solution. We can arguably offer the lowest rate in the nation and we are licensed in 42 States.

By choosing an investor through Veridian Financial, you have the satisfaction of knowing that the security and success of your business, and/or your investment is our primary concern and that our company will remain stable through this market shift. We have based our culture on the characteristics of dependability and reliability and our leading position in the market is indicative of our reputation and your trust. We value your business and the opportunity to help you through these times.

We are truly at a historical crossroads in the mortgage industry. Even in the face of doubt, one thing remains certain, Veridian Financial is here for you today, and we will be here for you tomorrow.

Make it a great day!


Posted by Gabriele Santi on August 31st, 2007 11:30 AMPost a Comment (0)

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August 30th, 2007 2:10 PM
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Posted by Gabriele Santi on August 30th, 2007 2:10 PMPost a Comment (0)

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California Central Coast - Changes at Global Mortgage VLC, Inc.
August 29th, 2007 11:38 AM

August 29, 2007



Global Mortgage VLC, Inc. is now Veridian Financial.

Veridian Financial understands the importance of finding the right loan for each situation. If your or your client need any type of mortgage loan, or a loan for debt consolidation, money for home improvements, a construction loan, or need first time homebuyer financing, chances are we can help you! Our agents are happy to explain each type of mortgage loan available, and will work with you and/or your client to find the ideal financing solution. We can arguably offer the lowest rate in the nation and we are licensed in 42 States.

By choosing an investor through Veridian Financial, you have the satisfaction of knowing that the security and success of your business, and/or your investment is our primary concern and that our company will remain stable through this market shift. We have based our culture on the characteristics of dependability and reliability and our leading position in the market is indicative of our reputation and your trust. We value your business and the opportunity to help you through these times.

We are truly at a historical crossroads in the mortgage industry. Even in the face of doubt, one thing remains certain, Veridian Financial is here for you today, and we will be here for you tomorrow.

Make it a great day!


Posted by Gabriele Santi on August 29th, 2007 11:38 AMPost a Comment (0)

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Buellton California - Indymac Announces Return to the Prime Jumbo Home Loan Market
August 22nd, 2007 2:09 PM
Press Release

Source: Indymac Bancorp, Inc.

Indymac Announces Return to the Prime Jumbo Home Loan Market
Wednesday August 22, 12:31 pm ET

PASADENA, Calif.--(BUSINESS WIRE)--IndyMac Bank, F.S.B. ("Indymac Bank®" or "Indymac®"), the principal subsidiary of IndyMac Bancorp, Inc. (NYSE:IMB <http://finance.yahoo.com/q?s=imb&d=t> - News <http://finance.yahoo.com/q/h?s=imb> ), today announced it is once again originating prime, single-family residential, full-documentation jumbo loans after temporarily reducing the origination of this product due to current illiquidity in the secondary market.

"Given our strong financial position, we are fully committed to the market for prime jumbo home loans," commented Michael W. Perry, Indymac's Chairman and CEO. "Until the secondary market recovers, we plan to retain this product in our investment portfolio at what we believe will be attractive returns."

These prime jumbo products will be available through all Indymac's distribution channels for borrowers providing full documentation only. The product offerings include 5/1 adjustable rate mortgages (ARMs), 7/1 ARMs, and 15- and 30-year fixed rate products. The following provides the minimum standards a borrower must meet to qualify for these products:

* A borrower with a FICO score of 680 and above and a down payment, or equity, of 25 percent is eligible for a loan of up to $2 million;
* A borrower with a FICO score of 680 and above and a down payment, or equity, of 20 percent is eligible for a loan of up to $1 million;
* A borrower with a FICO score of 700 and above and a down payment, or equity, of 15 percent and mortgage insurance, is eligible for a loan of up to $750,000.

Jumbo loans are single-family residential mortgage loans that have a loan balance exceeding that which is saleable to the government sponsored agencies, currently $417,000.

About Indymac Bank

IndyMac Bank, F.S.B. (Indymac Bank®), the 7th largest savings and loan in the nation, is the principal subsidiary of IndyMac Bancorp, Inc. (NYSE:IMB <http://finance.yahoo.com/q?s=imb&d=t> - News <http://finance.yahoo.com/q/h?s=imb> ; "Indymac®" or the "Company"). Indymac Bank, operating as a hybrid thrift/mortgage banker, provides fair and competitive home financing products. All of the assets and operations of IndyMac are held or conducted within the federally-insured, thrift depository institution, Indymac Bank, whose primary funding consists of bank deposits, Federal Home Loan Bank advances, long term debt and equity. Indymac Bank's home mortgage products consist primarily of single family, first lien mortgages, 90% of which are saleable to the GSEs (Fannie Mae, Freddie Mac, or Ginnie Mae) today. In addition, Indymac offers jumbo, full-documentation home loans (loans that exceed the current GSE loan size limits) and home equity lines of credit to prime credit quality borrowers. The prime home equity loans are subject to a maximum 90% CLTV. Indymac does not offer any subprime loans which are not saleable to the GSEs. Indymac Bank also provides FDIC-insured retail banking products to facilitate consumers' personal financial goals.

For more information about Indymac and its affiliates, or to subscribe to the Company's Email Alert feature for notification of Company news and events, please visit http://about.indymacbank.com/investors. To visit Indymac's corporate blog, please visit http://www.theimbreport.com


Posted by Gabriele Santi on August 22nd, 2007 2:09 PMPost a Comment (0)

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