Mortgage News July, 2008

Freddie Mac ups Ante in Fight against Foreclosure

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MortgageLoan.com | July 31, 2008

Freddie Mac today outlined plans to tackle foreclosures by doubling financial incentives to...

President Bush signs Housing Bill

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MortgageLoan.com | July 30, 2008

President George W Bush has signed a landmark housing bill designed to provide mortgage relief...

Senate Passes Mortgage Aid Bill

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MortgageLoan.com | July 28, 2008

The U.S. Senate has approved a housing rescue bill by a 72-13 vote to help beleaguered homeowners...

U.S Home Sales at Record Low

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MortgageLoan.com | July 25, 2008

The housing crisis shows no signs of abating as figures revealed on Thursday from an industry...

Mortgage Application Volumes Drop 6.2 percent

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MortgageLoan.com | July 24, 2008

An increase in interest rates contributed to a decline in demand for mortgage application volumes...

Senate Agrees Housing Package Deal

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MortgageLoan.com | July 23, 2008

Senate leaders have agreed upon a rescue plan for the two largest mortgage finance companies...

Wachovia Ceases Wholesale Mortgage Lending Operations

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MortgageLoan.com | July 22, 2008

Wachovia on Monday confirmed it was pulling out of the wholesale mortgage lending business as of...

Donald Trump Makes Real Estate Killing

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MortgageLoan.com | July 18, 2008

Property Tycoon, Donald Trump has defied the slump in the real estate market by selling his...

FBI Investigating Possible Fraud at IndyMac

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MortgageLoan.com | July 17, 2008

IndyMac is one of several banks being probed by the Federal Bureau of Investigation (FBI) for...

Fed Chief Paints Bleak Economic Outlook

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MortgageLoan.com | July 16, 2008

The US economy will continue to face "numerous difficulties" with no sign of easing over the next...

Fed Outlines New Mortgage Rules

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MortgageLoan.com | July 15, 2008

In new mortgage rules designed to take a hard line approach against predatory mortgage practices...

IndyMac Collapses amidst Financial Crisis

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MortgageLoan.com | July 13, 2008

IndyMac Bank becomes the second largest financial institution to fall in U.S history as it...

Foreclosures up 53 percent

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MortgageLoan.com | July 11, 2008

Foreclosures jumped 53 percent in June from a year earlier, a report published by a California...

Mortgage Application Volumes up Last Week

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MortgageLoan.com | July 10, 2008

Mortgage application volumes experienced a 7.5 percent increase last week, according to a survey...

Schwarzenegger Signs Foreclosure Relief Bill

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MortgageLoan.com | July 09, 2008

California Governor Arnold Schwarzenegger has signed a bill designed to stem the tide of...

Fannie and Freddie Shares Plunge

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MortgageLoan.com | July 08, 2008

Shares in Fannie Mae and Freddie Mac experienced their sharpest drop in 16 years on Monday amid...

Housing Rescue Slows as Foreclosures Increase

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MortgageLoan.com | July 04, 2008

With lenders on the back foot following mounting criticism over their sluggish attempts to quell...

Mortgage Application Volumes Rise

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MortgageLoan.com | July 03, 2008

Weekly mortgage applications in the U.S rebounded in the week ended June 27, figures from the...

Jazz Legend Avoids Foreclosure

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MortgageLoan.com | July 02, 2008

Renowned jazz vocalist, Ernestine Anderson has been able to stave off the threat of foreclosure...

Florida sues Countrywide

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MortgageLoan.com | July 01, 2008

Florida has joined the increasing number of states to take action against Countrywide, with...