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- MortgageLoan.com - MortgageLoan.com | 04/30/2008 - 1:32am
Countrywide and GMAC LLC on Tuesday reported big first-quarter losses as they continue to be hurt by credit problems.
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- MortgageLoan.com - MortgageLoan.com | 04/29/2008 - 1:55am
With the takeover of home-loan giant Countrywide Financial Corp imminent, the Bank of America took time off its round table negotiations to promise help to the troubled 265,000 borrowers struggling to keep their homes over the next two years by refinancing or modifying at least $40 billion in mortgages.
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- MortgageLoan.com - MortgageLoan.com | 04/28/2008 - 1:09am
Freddie Mac, the second largest funder of US home loans on Friday announced that its agreement to purchase mortgages rose to its highest level in March after its regulator eased capital constraints.
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- MortgageLoan.com - MortgageLoan.com | 04/27/2008 - 1:28am
The head of Goldman Sachs' mortgage department, Daniel Sparks will leave his post for personal reasons, the company revealed on Friday.
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- MortgageLoan.com - MortgageLoan.com | 04/25/2008 - 1:47am
Rates on 30-year mortgages topped 6 percent for the first time in six weeks as financial markets grew more worried about rising inflation pressures.
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- MortgageLoan.com - MortgageLoan.com | 04/24/2008 - 1:30am
Application for mortgages plunged during the week ending April 18, with surging interest rates contributing to fewer purchases and less refinancing, a weekly application survey by the Mortgage Bankers Association (MBA), revealed.
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- MortgageLoan.com - MortgageLoan.com | 04/23/2008 - 1:48am
Bank of America (NYSE:BAC) on Tuesday outlined proposed plans to implement new lending guidelines for its consumer mortgage business ' as soon as is practical' following the completion of its proposed acquisition of Countrywide Financial Corp (NYSE: CFC).
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- MortgageLoan.com - MortgageLoan.com | 04/22/2008 - 1:30am
Federal Reserve Board Governor Randall Kroszner has called for greater transparency in an industry bugged down by unease and uncertainty.
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- MortgageLoan.com - MortgageLoan.com | 04/21/2008 - 1:56am
Freddie Mac announced on Thursday that it would finance $10 billion to $15 billion in large mortgages called Jumbo Loans from four of the largest U.S mortgage lenders.
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- MortgageLoan.com - MortgageLoan.com | 04/18/2008 - 1:35am
The nation's largest mortgage insurer, MGIC Investment Corp., lost $34.4 million in the first quarter as it paid out more claims with more homeowners struggling to meet their mortgage payments.
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- MortgageLoan.com - MortgageLoan.com | 04/17/2008 - 1:28am
The FBI is currently investigating cases of potential fraud in the U.S home mortgage industry, with FBI Director Robert Mueller saying, there's a been a "tremendous surge" in mortgage fraud cases, with the trend likely to continue.
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- MortgageLoan.com - MortgageLoan.com | 04/16/2008 - 1:43am
An S&P report, published on Monday, further exasperated the plight of stricken homeowners by estimating the potential bill to U.S taxpayers to bail out Wall Street firms hit by the credit crisis could grow to as much as $400 billion. With Fannie Mae (FNM) and Freddie Mac (FRE) added to the equation, any rescue package could pose significant economic risks to the United States.
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- MortgageLoan.com - MortgageLoan.com | 04/15/2008 - 1:17am
Boston, Cape Cod and the South shore have been added to a watch list of declining real estate markets by six of the nation's major insurers where they seek more stringent lending requirements.
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- MortgageLoan.com - MortgageLoan.com | 04/14/2008 - 1:55am
Mortgage Lenders, Fannie Mae and Freddie Mac have issued a warning to persons looking to join the growing number of struggling homeowners to "walkaway" from their mortgages.
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- MortgageLoan.com - MortgageLoan.com | 04/12/2008 - 1:22am
Crooks, hustlers, con artists…call them what you will, but a new breed of opportunists have crawled out of the woodwork to steal what little cash, troubled home owners may still have left.
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- MortgageLoan.com - MortgageLoan.com | 04/11/2008 - 1:47am
As Senate toiled away drawing up a bipartisan plan designed to stave off the effects of the credit crisis, the Bush administration on Wednesday announced plans to help homeowners fend off foreclosure.
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- MortgageLoan.com - MortgageLoan.com | 04/10/2008 - 1:04am
Amid rumored losses within the mortgage insurance business, Standard & Poor's has lowered the credit rating for four guarantors.
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- MortgageLoan.com - MortgageLoan.com | 04/09/2008 - 1:58am
Applications for US mortgages, fueled by ongoing increase in activity for government-backed loan programs jumped 5.4 percent in the week ending April 4, according to data released by the Mortgage Bankers Association on Wednesday.
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- MortgageLoan.com - MortgageLoan.com | 04/09/2008 - 1:09am
Ohio Governor, Ted Strickland today announced that nine mortgage loan servicers agreed to sign a 'compact to Help Ohioans Preserve Homeownership,' the first agreement of its kind in the nation.
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- MortgageLoan.com - MortgageLoan.com | 04/08/2008 - 1:42am
One can't help but chuckle at the irony, but according to recent reports, the Mortgage Bankers Association is having trouble paying the mortgage on its new building in Washington.
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- MortgageLoan.com - MortgageLoan.com | 04/07/2008 - 1:49am
The week sees the mortgage crisis take centre stage in the Senate as a bill aimed at helping homeowners and businesses affected by the subprime debacle comes up for a key procedural vote.
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- MortgageLoan.com - MortgageLoan.com | 04/06/2008 - 1:54am
All signs point to a U.S. economy recession as bankruptcy filings in states severely affected by the housing crunch witnessed a sharp rise in March.
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- MortgageLoan.com - MortgageLoan.com | 04/04/2008 - 1:13am
Fannie Mae, largest U.S. mortgage-finance company, has announced the introduction of a new minimum 580 FICO for all eligible loans. It will no longer buy most loans made to borrowers with credit scores below 580 as it again reacts to the slumping housing market by tightening its lending standards.
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- MortgageLoan.com - MortgageLoan.com | 04/03/2008 - 1:17am
The volume of mortgage applications filed in the week ending March 28 tumbled 28.7 percent, according to a survey revealed by the Mortgage Bankers Association's weekly survey.
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- MortgageLoan.com - MortgageLoan.com | 04/02/2008 - 1:16am
Despite varying points of view from both the Democrats and Republicans on how best to tackle the nation's housing related economic crisis, Senate today voted to consider legislation aimed at helping millions of homeowners avoid foreclosure.
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- MortgageLoan.com - MortgageLoan.com | 04/01/2008 - 1:34am
As expected, Housing and Urban Development Secretary Alphonso Jackson today announced his decision to step down from his post on April 18.
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