- By:
- MortgageLoan.com - MortgageLoan.com | 06/27/2008 - 12:51am
Countrywide Financial, the mortgage lender that lost $2.5 billion amid rising defaults and foreclosures as well as being widely blamed for worsening the U.S housing crisis through discriminatory lending has been sued by California and Illinois.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/26/2008 - 12:34am
Mortgage application volumes fell 9.3 percent in the week ended June 20, according to the Mortgage Bankers Association's (MBA) weekly application survey. Overall applications were down 25.3 percent compared with the same week in 2007.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/25/2008 - 12:01am
US home prices experienced an unprecedented slide in April since the S&P/Case-Shiller home price index began in 2000 with every top metropolitan area now posting annual losses and a sizeable percentage of them showing double -digit decline.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/24/2008 - 12:29am
With Brokers under increasing scrutiny over their role in the housing crisis, the National Association of Mortgage Brokers (NAMB) reported that the organization spent more than $480,000 lobbying in the first quarter.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/23/2008 - 12:12am
Rates on home mortgages continued their upward march this week amidst inflation concerns to their highest point since September. While some see the rise as an incentive to dive into the already murky housing markets, others believe this could do further damage to the housing market.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/19/2008 - 12:49am
Mortgage application volumes fell to 8.7 percent during the week ended June 13 after mortgage rates jumped to its highest level in eight months according to the Mortgage Bankers Association (MBA) weekly application survey.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/18/2008 - 12:15am
Much maligned mortgage companies have promised to respond to beleaguered borrowers within 45 days, so as to help stem the increase in foreclosures.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/17/2008 - 12:46am
MGIC Investment Corp, the largest U.S mortgage insurer on Monday said it will receive up to $50 billion a year of coverage on newly written insurance policies under a reinsurance agreement reached with HCC Insurance Holdings Inc.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/16/2008 - 12:24am
The housing climate received another setback in May, as more than 73,000 homes were lost to bank repossessions in the month of May. It's an increase of 158 percent from the same period last year, when 28,548 homes were dispossessed.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/13/2008 - 12:47am
Interest rates for 30-year, fixed-rate mortgages increased to an 8-month high of 6.32 percent with an average 0.7 point for the week ending June 12, Freddie Mac announced on Thursday.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/12/2008 - 12:48am
Mortgage applications in the U.S. rose from their lowest level in six years by 10.6 percent week by week, according to a survey conducted by the Mortgage Bankers Association (MBA).
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/11/2008 - 12:38am
Republican presidential nominee, John McCain has criticized his Democratic rival for seeking Campaign advice from former Fannie Mae CEO, Jim Johnson, who the Republicans believe may have improperly received preferential treatment from a controversial mortgage lender.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/10/2008 - 12:53am
According to the Pending Home Sales Index released on Monday by the National Association of Realtors, the number of homes under contract to be sold rose to their highest level in six months in April as buyers went bargain hunt.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/09/2008 - 12:32am
The Federal Reserve has given the Bank of America permission to buy subprime lender, Countrywide Financial Corp.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/06/2008 - 12:43am
Mortgage delinquencies and foreclosures reached record levels in the first quarter of this year, driven higher by increasing housing despair, the Mortgage Bankers Association (MBA) reported on Thursday.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/05/2008 - 12:30am
The Mortgage Bankers Association (MBA) on Wednesday announced its Weekly Mortgage Applications Survey which showed a drop of 15.3 percent in mortgage applications volume for the week ending May 30.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/04/2008 - 12:47am
A coalition of leading Wall Street credit rating firms is close to an agreement with New York Attorney General Andrew Cuomo to end an investigation into their roles in the subprime-mortgage crisis.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/03/2008 - 12:09am
At the request of board of directors, Kennedy Thompson is to step down as the CEO of Wachovia after eight years at the bank's helm.
|
- By:
- MortgageLoan.com - MortgageLoan.com | 06/01/2008 - 12:12am
Foreclosure prevention coalition, Hope Now on Friday announced it had helped 183,000 at-risk borrowers stay in their homes during the month of April.
|
