Virgin Acquires Majority Stake In Family-Centered Mortgage Company

RE:Virgin Acquires Majority Stake In Family-Centered Mortgage Company

Mike — Mon, 28 May 2007 11:00:00 GMT

I work for a bank, and do see alot of regulation being wrapped around this. Is there any reason why not? Greed certainly has found a way around all the other regulations built to give consumers a fair loan? Free market lending has been a disaster, 100% financing to the option arm, why would this be any different?...sure this like any loan has a market, its taking it our of its intended niche where the trouble lies.

RE:Virgin Acquires Majority Stake In Family-Centered Mortgage Company

Mary — Thu, 24 May 2007 11:00:00 GMT

I am a Mortgage Broker and am quite interested in this program. Could someone email info ASAP I think this is a program that would benefit many future borrowers immediately. If I could have a contact telephone number I would apprecaite it. Thanks, Mary Johnson

RE:Virgin Acquires Majority Stake In Family-Centered Mortgage Company

Lance — Wed, 23 May 2007 11:00:00 GMT

Interesting concept. I have to wonder how long it'll be before the remaining "subprime" or "Alt-A" lenders get involved in this. I'd also watch for the Wall St firms to get interested and try to do a make over on it. If this takes off and the "big firms" can't control it you can expect to see them push for tighter controls from the state or federal level to be enforced. Where do I sign up to be a part this change?