Mortgage News May, 2008

Mortgage Rates Hit 11-week High

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MortgageLoan.com | May 30, 2008

Fannie Mae on Thursday announced that 30-year fixed rate mortgages averaged 6.08 percent this...

Mortgage Application Volume Falls 4.6 Percent

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MortgageLoan.com | May 29, 2008

Applications for home mortgages slipped for a second consecutive week to a seasonally adjusted...

Home Prices Plummet 14.1 percent in First Quarter

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MortgageLoan.com | May 28, 2008

A clear indication of dwindling consumer confidence in the housing market was revealed on Tuesday...

Greenspan Speaks Out on U.S. Economy

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MortgageLoan.com | May 27, 2008

Former Federal Reserve chairman, Alan Greenspan has echoed the sentiments of Warren Buffet, by...

Buffet Sees U.S. in Recession

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MortgageLoan.com | May 26, 2008

Warren Buffet, CEO of Berkshire Hathaway Inc and one of the world's wealthiest men in a recent...

Fed's Kroszner - Mortgage Market Recovery Will Take Time

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MortgageLoan.com | May 23, 2008

Fed Governor Randall Kroszner, addressing a conference of state bank supervisors, said that...

Mortgage Application Volumes Down 7.8 Percent

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MortgageLoan.com | May 22, 2008

According to data from the Mortgage Bankers' Association (MBA), weekly mortgage applications fell...

Senate Passes Mortgage Aid Bill

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MortgageLoan.com | May 20, 2008

Despite opposition from the Bush administration, Senate Banking Committee leaders have agreed...

Fannie and Freddie off S&P Downgrade Review

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MortgageLoan.com | May 20, 2008

Standard & Poor's announced on Monday it was no longer reviewing Fannie Mae and Freddie Mac...

Fannie Mae Relaxes Requirements for Loan Repayments

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MortgageLoan.com | May 19, 2008

Government sponsored enterprise; Fannie Mae has decided to set a single national standard for...

Police Officer Charged in Mortgage Loan Scam

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MortgageLoan.com | May 18, 2008

A veteran officer has been charged for his involvement in a string of mortgage scams that duped...

Mortgage Rates in Slight Decline

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MortgageLoan.com | May 16, 2008

Rates on 30-year mortgages fell for the second consecutive week by 4 basis points to 6.01 percent...

Mortgage Application Volumes Climb

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MortgageLoan.com | May 15, 2008

Mortgage applications again rose for a second consecutive week by 2.9 percent. The rise for the...

FBI Warns of Rising Mortgage Fraud

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MortgageLoan.com | May 14, 2008

The FBI, which is currently involved in over 1300 active investigations into mortgage...

Michael Jackson's Neverland Escapes Foreclosure

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MortgageLoan.com | May 13, 2008

Pop legend Michael Jackson has averted foreclosure on his Neverland Ranch, following late...

Jingle Mail May be Urban Myth

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MortgageLoan.com | May 12, 2008

Despite reports to the contrary, a trend described as "walking away" or "jingle mail" which...

Mortgage Bill gets House Approval

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MortgageLoan.com | May 09, 2008

The House of Representatives on Thursday approved legislation to create a $300 billion mortgage...

Mortgage Lenders under Spotlight at Senate Hearing

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MortgageLoan.com | May 08, 2008

In an ongoing investigation into alleged irregularities by mortgage lenders, the Senate on...

Fannie Mae Reports Bigger Than Expected Loss

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MortgageLoan.com | May 07, 2008

Fannie Mae posted a big first-quarter loss of $2.2 billion Tuesday and said it planned to raise...

Fed Head Demands Action over Foreclosure Fears

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MortgageLoan.com | May 06, 2008

Federal Reserve Chairman, Ben Bernanke has urged action from the government and mortgage lenders...

Government Subprime Probe Intensifies

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MortgageLoan.com | May 05, 2008

The FBI along with federal, state and local agencies is looking into potential crimes ranging...

House Panel Approves Bill to Assist Borrowers

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MortgageLoan.com | May 03, 2008

The House of Representatives Financial Services Committee on Thursday approved a sweeping bill...

Rates on 30-year Mortgages Reach 7 Week High

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MortgageLoan.com | May 02, 2008

Long-term mortgage rates ended the week mixed, with the 30-year fixed rate average rising, as...

Mortgage Applications Drop to 2008 Low

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MortgageLoan.com | May 01, 2008

The Mortgage Bankers Association's leading index of mortgage activity dropped to its lowest level...