Mortgage News April, 2008
Articles by Subject
GMAC, Countrywide Post Huge Losses on Mortgages
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- MortgageLoan.com | April 30, 2008
Countrywide and GMAC LLC on Tuesday reported big first-quarter losses as they continue to be hurt...
Bank of America Pledges Help to Troubled Owners
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- MortgageLoan.com | April 29, 2008
With the takeover of home-loan giant Countrywide Financial Corp imminent, the Bank of America...
Freddie Mac Mortgage Portfolio in March Rise
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- MortgageLoan.com | April 28, 2008
Freddie Mac, the second largest funder of US home loans on Friday announced that its agreement to...
Goldman Sachs Mortgage Chief Steps Down
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- MortgageLoan.com | April 27, 2008
The head of Goldman Sachs' mortgage department, Daniel Sparks will leave his post for personal...
Inflation Fears Push Up Mortgage Rates
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- MortgageLoan.com | April 25, 2008
Rates on 30-year mortgages topped 6 percent for the first time in six weeks as financial markets...
Mortgage Applications Volume Sinks as Rates Soar
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- MortgageLoan.com | April 24, 2008
Application for mortgages plunged during the week ending April 18, with surging interest rates...
Bank of America to Tighten Mortgage Standards
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- MortgageLoan.com | April 23, 2008
Bank of America (NYSE:BAC) on Tuesday outlined proposed plans to implement new lending guidelines...
Fed Champions Clearer Mortgage Standards
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- MortgageLoan.com | April 22, 2008
Federal Reserve Board Governor Randall Kroszner has called for greater transparency in an...
Freddie To Purchase 'Conforming Jumbo' Loans
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- MortgageLoan.com | April 21, 2008
Freddie Mac announced on Thursday that it would finance $10 billion to $15 billion in large...
MGIC Reports 1Q Loss
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- MortgageLoan.com | April 18, 2008
The nation's largest mortgage insurer, MGIC Investment Corp., lost $34.4 million in the first...
FBI in Mortgage Fraud Probe
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- MortgageLoan.com | April 17, 2008
The FBI is currently investigating cases of potential fraud in the U.S home mortgage industry...
Fannie and Freddie Pose Risk to US Economy
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- MortgageLoan.com | April 16, 2008
An S&P report, published on Monday, further exasperated the plight of stricken homeowners by...
3 Cities Added to Watch List of Declining Markets
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- MortgageLoan.com | April 15, 2008
Boston, Cape Cod and the South shore have been added to a watch list of declining real estate...
Homeowners Who Walkaway Will Feel Pain
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- MortgageLoan.com | April 14, 2008
Mortgage Lenders, Fannie Mae and Freddie Mac have issued a warning to persons looking to join the...
"Rescue" Scams Add to Homeowner Woes
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- MortgageLoan.com | April 12, 2008
Crooks, hustlers, con artists...call them what you will, but a new breed of opportunists have...
White House Unveils Foreclosure Aid
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- MortgageLoan.com | April 11, 2008
As Senate toiled away drawing up a bipartisan plan designed to stave off the effects of the...
S&P Lowers Ratings for 4 Mortgage Insurers
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- MortgageLoan.com | April 10, 2008
Amid rumored losses within the mortgage insurance business, Standard & Poor's has lowered the...
Mortgage Applications Rise
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- MortgageLoan.com | April 09, 2008
Applications for US mortgages, fueled by ongoing increase in activity for government-backed loan...
Mortgage Firms Pledge Help
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- MortgageLoan.com | April 09, 2008
Ohio Governor, Ted Strickland today announced that nine mortgage loan servicers agreed to sign a...
Mortgage Association Can't Pay Own Mortgage
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- MortgageLoan.com | April 08, 2008
One can't help but chuckle at the irony, but according to recent reports, the Mortgage Bankers...
Capitol Hill to Tackle Mortgage Mess
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- MortgageLoan.com | April 07, 2008
The week sees the mortgage crisis take centre stage in the Senate as a bill aimed at helping...
Recession Reality Near as Bankruptcies Rise
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- MortgageLoan.com | April 06, 2008
All signs point to a U.S. economy recession as bankruptcy filings in states severely affected by...
Fannie Mae Tightens Loan Criteria
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- MortgageLoan.com | April 04, 2008
Fannie Mae, largest U.S. mortgage-finance company, has announced the introduction of a new...
Mortgage Application Volumes Drop
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- MortgageLoan.com | April 03, 2008
The volume of mortgage applications filed in the week ending March 28 tumbled 28.7 percent...
Senate Agree on Mortgage Bill
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- MortgageLoan.com | April 02, 2008
Despite varying points of view from both the Democrats and Republicans on how best to tackle the...
Jackson sets resignation date
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- MortgageLoan.com | April 01, 2008
Amid media speculation, Housing and Urban Development Secretary Alphonso Jackson today announced...