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HCP, Inc. is a real estate investment trust which invests primarily in real estate serving the healthcare industry in the U.S. The company acquires, develops, leases, sells and manages healthcare real estate and provides mortgage and other financing to healthcare providers.
Factual Data, based in Loveland, Colo., provides mortgage and consumer credit reports.
It provides mortgage insurance for borrowers working with FHA-approved lenders and uses the premiums to cover its losses.
Mr. Olcott's company provides mortgage services for real estate agencies owned by an umbrella group called Realogy, working in Westchester with Coldwell Banker Residential Brokerage, a Realogy subsidiary.
Bibby, one of the plaintiffs, is president and chief executive of U.S. Financial Services, a Georgia-based corporation that provides mortgage services in seven states.
The trusts enable small investors, who cannot buy mortgages because of their high denom ??ations, to own shares in an entity that in turn provides mortgage money.
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The first mortgage was provided by Countrywide through another university program that provides mortgages at "favorable rates" to some faculty members.
Clayton sells the houses in 297 retail outlets and provides mortgages and insurance through a financing subsidiary.
Industry experts have linked rising default rates across the country to looser lending in the subprime market, which provides mortgages to people with poor credit or low income.
Cendant's profit has been helped by its real estate business, which franchises brokerage operations including Century 21 and ERA, and provides mortgages.
In the sub-prime market, which provides mortgages to those with poor credit ratings, two more lenders – SPML and Preferred, both owned by the US investment bank Lehman Brothers – also closed their doors to new business yesterday.
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