Mortgage News June, 2008

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...