Mortgage News June, 2008
Articles by Subject
Five Indicted in Alleged Mortgage Fraud
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- MortgageLoan.com | June 30, 2008
A federal grand jury has indicted five people on federal charges of conspiracy to commit bank...
Countrywide Sued By States Over Lending Practices
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- MortgageLoan.com | June 27, 2008
Countrywide Financial, the mortgage lender that lost $2.5 billion amid rising defaults and...
Mortgage Application Volumes Continue To Fall
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- MortgageLoan.com | June 26, 2008
Mortgage application volumes fell 9.3 percent in the week ended June 20, according to the...
Home Prices Fall at Record Rate
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- MortgageLoan.com | June 25, 2008
US home prices experienced an unprecedented slide in April since the...
Mortgage Brokers Spend Big on Lobbying
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- MortgageLoan.com | June 24, 2008
With Brokers under increasing scrutiny over their role in the housing crisis, the National...
Mortgage Rates Rise Fuel Housing Fears
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- MortgageLoan.com | June 23, 2008
Rates on home mortgages continued their upward march this week amidst inflation concerns to their...
FBI Cracks Down on Mortgage Fraud
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- MortgageLoan.com | June 20, 2008
The FBI on Thursday announced that it had charged over 400 individuals with mortgage fraud since...
US Mortgage Applications Index Fall
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- MortgageLoan.com | June 19, 2008
Mortgage application volumes fell to 8.7 percent during the week ended June 13 after mortgage...
Mortgage Lenders Pledge Quick Response
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- MortgageLoan.com | June 18, 2008
Much maligned mortgage companies have promised to respond to beleaguered borrowers within 45...
MGIC Agrees Reinsurance Pact
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- MortgageLoan.com | June 17, 2008
MGIC Investment Corp, the largest U.S mortgage insurer on Monday said it will receive up to $50...
Homes Lost to Foreclosure Experience Sharp Rise
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- MortgageLoan.com | June 16, 2008
The housing climate received another setback in May, as more than 73,000 homes were lost to bank...
Fixed Rate Mortgages at 8-month high
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- MortgageLoan.com | June 13, 2008
Interest rates for 30-year, fixed-rate mortgages increased to an 8-month high of 6.32 percent...
Mortgage Application Volumes Rise
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- MortgageLoan.com | June 12, 2008
Mortgage applications in the U.S. rose from their lowest level in six years by 10.6 percent week...
Obama Adviser Under Fire Over Mortgage Deals
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- MortgageLoan.com | June 11, 2008
Republican presidential nominee, John McCain has criticized his Democratic rival for seeking...
Pending Home Sales up 6.3 percent
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- MortgageLoan.com | June 10, 2008
According to the Pending Home Sales Index released on Monday by the National Association of...
Fed Greenlights Bank of America - Countrywide Merger
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- MortgageLoan.com | June 09, 2008
The Federal Reserve has given the Bank of America permission to buy subprime lender, Countrywide...
US Mortgage Delinquencies and Foreclosures at Record High
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- MortgageLoan.com | June 06, 2008
Mortgage delinquencies and foreclosures reached record levels in the first quarter of this year...
Mortgage Applications Drop to 6-Year Low
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- MortgageLoan.com | June 05, 2008
The Mortgage Bankers Association (MBA) on Wednesday announced its Weekly Mortgage Applications...
Rating Firms Agree to Settlement over Business Practices
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- MortgageLoan.com | June 04, 2008
A coalition of leading Wall Street credit rating firms is close to an agreement with New York...
Wachovia ousts CEO Amidst Mortgage Crisis
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- MortgageLoan.com | June 03, 2008
At the request of board of directors, Kennedy Thompson is to step down as the CEO of Wachovia...
Hope Now to Rescue as Foreclosures Increase
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- MortgageLoan.com | June 01, 2008
Foreclosure prevention coalition, Hope Now on Friday announced it had helped 183,000 at-risk...