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Total Unpaid Balance of Loans  $115,820,529
Total Dollar Amount of Bids   $440,453,973

LoanMarket.net - California's Largest Marketplace for Whole Loans

Orange County Register Mortgage Insider

<i>May 16, 2009</i>

Latest thing to buy online … a mortgage
Mortgage Insider
May 16th, 2009, by Mathew Padilla, Reporter, Orange County Register

These days you can buy just about everything online, so why not mortgages?

There are Web sites for big investors, but until now small investors have had to find loans other ways, says Jeff Freud, founder of Irvine-based LoanMarket Inc.

Freud hopes to change all that with www.loanmarket.net, a site he launched in March for buying and selling home loans. Here’s what he told me about it:

http://mortgage.freedomblogging.com/2009/05/16/latest-thing-to-buy-online-a-mortgage/10535/

FEATURED LISTINGS

State: Michigan
Listing Price: $0
Lien Position: 1st
LTV: 0%
Note Rate: 6.35%

State: California
Listing Price: $175,000
Lien Position: 1st
LTV: 70%
Note Rate: 2%

State: Maryland
Listing Price: $85,000
Lien Position: 1st
LTV: 62.96%
Note Rate: 8.99%

This listing has been limited to only our Approved Bidders.


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