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Where are the borrowers? - Greater Baton Rouge Business Report
Greater Baton Rouge Business Report, LA - Feb 11, 2009
Where are the borrowers? - Greater Baton Rouge Business Report Greater Baton Rouge Business ReportWhere are the borrowers? While that might be true, Mike Anderson, president of Essential Mortgage and chair of the Louisiana Mortgage Lenders Association, blames the borrower

AIG unit sells financing contracts for $60.5M - International Herald Tribune
International Herald Tribune, France - Feb 14, 2009
AIG unit sells financing contracts for $60.5M and primarily its writing of credit default swaps — essentially insurance on mortgage-backed securities and other risky debt against default. (Adds comment throughout, background, byline)

Louisiana's David Vitter And The Obama Stimulus Package - Bayou Buzz
Bayou Buzz, LA - Feb 12, 2009
Louisiana's David Vitter And The Obama Stimulus Package "We can either fight the Democratic proposals, which would increase the deficit incredibly and mortgage our children's futures and not beneficially

Borrowing Trouble - New Orleans CityBusiness
New Orleans CityBusiness, LA - Jan 19, 2009
Borrowing Trouble by Greg LaRose Louisiana mortgage lenders and Realtors are getting the word out — it’sa great time to borrow money to buy a home.

Refinancing spikes as interest rates drop to record lows - Shreveport Times
Shreveport Times, LA - Jan 31, 2009
Refinancing spikes as interest rates drop to record lows Sal Bernadas, the immediate past president of the Louisiana Mortgage Lenders Association, said it is not as easy as it was two years ago to refinance.

Where are the borrowers? - Greater Baton Rouge Business Report

11.02.09

Wearing a black suit and his best smile, MidSouth Bank President Rusty Cloutier told the crowd at a town hall meeting last month at the Corporate Boulevard branch that his institution has money to lend.

His message is the same for all 16 of the bank’s meetings in Louisiana and Texas. Despite what is being reported in the national news, Cloutier says Louisiana’s capital-healthy lenders are making loans.

MidSouth Bank is particularly flush with cash, having leveraged $20 million from the U.S. Treasury’s Troubled Assets Relief Program into about $200 million of loans. What’s in short supply are credit-worthy borrowers.

“It’s probably the most serious recession we’ve seen since the Great Depression,” Cloutier says. “But we think the economy is pretty solid in Louisiana.”

When MidSouth’s loan volume fell 20% in three months, Cloutier decided it was more important to educate the public than worry about tough questions regarding TARP.

Source: Greater Baton Rouge Business Report, LA

How does the mortgage co. calculate interest rates in Louisiana?

Jul 24, 2008 by Thomas P | Posted in Renting & Real Estate


the rates are published by the lenders not the mortgage company you may be working with. there is a par rate and up they make more down you pay to buy it down

golferwhoworks | Jul 24, 2008

My dad wants to buy me a house. He lives in Brazil and I live in Louisiana how does he get a mortgage for here

Sep 06, 2007 by Billie H | Posted in Renting & Real Estate


A lot of US banks are offering programs for foreign nationals. Most will require between 15% and 35% downpayment and your Dad might have to escrow payments for a few month plus property taxes and insurance. Some banks will require translated letters (referrences) from your Dad's Bank in Brazil and probably his tax accountant or attorney stating that your Dad is in good standing with them. The home he is buying has to appraise of course but all in all there is no major problem for foreign nationals to obtain a mortgage on a property they buy in the US.

Monika Wilson | Sep 06, 2007

How is the housing market in Louisiana right now, specifically the New Orleans Metro Area?

Jul 10, 2007 by Carnation | Posted in Renting & Real Estate

I live in Arkansas right now and am thinking of becoming a licensed Mortgage Broker for the Louisiana market. Thanks in advance!

The real estate agents I know seem to be doing well. However, that may just be my impression.

You should re-post this question in the New Orleans section of the Travel category.

NOLA guy | Jul 11, 2007
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Louisiana Homes on Yahoo! Real Estate
Track Louisiana real estate values including median house prices. Check Louisiana mortgage rates for various loan types and graph their trends over time

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