Mortgage News April, 2008

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...