As prices in California more than doubled between 2000 and 2005, California led the housing market boom in the U.S. As a result, subprime mortgage industries arose with “zero-percent” loans that allowed borrows to buy homes that they often couldn’t afford. Now, mortgages are in trouble and delinquencies, foreclosures, and vacancies are on the rise. California is now at the bottom of the U.S. housing market and has led the U.S. into the worst housing recession since the 1930s.
CENTRAL PACIFIC MORTGAGE COMPANY
PACIFIC COAST CAPITAL PARTNERS, LLC
UNITED PACIFIC MORTGAGE CO., INC.
INTERNATIONAL HOME CAPITAL CORP.
"Cortera has the potential to reinvent the credit reporting industry by bringing the credit community approach to the Web and thus delivering the kind of insight not possible with traditional credit bureau approaches alone."
"Cortera allows us to manage our global account base on one platform, and frees us from the inconsistencies inherent in managing credit in a decentralized, paper-based environment."
