Mortgage News August, 2008

Mortgage Fraud Increases, Could be Next Market Challenge

By:

Bill Rice - MortgageLoan.com | August 29, 2008

Mortgage meltdown discussions are peppered with discussions of the "liar loan," or the infamous...

Mortgage Help-Government Assistance to Troubled Borrowers Increases

By:

Bill Rice - MortgageLoan.com | August 28, 2008

The US government and the nation's largest banks have teamed up to stem the rising tide of...

FOMC Minutes Signal Rate Hikes

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Bill Rice - MortgageLoan.com | August 27, 2008

Federal Open Market Committee (FOMC) recent minutes suggest that members, having "significant...

Could a Loan Modification Prevent Your Foreclosure?

By:

Bill Rice - MortgageLoan.com | August 26, 2008

At least 25,000 homeowners recently got a gift letter from the Federal Regulators--offering them...

Can a Reverse Mortgage Secure Your Retirement?

By:

Bill Rice - MortgageLoan.com | August 25, 2008

Warm sun on your face and cool sand between your toes... This is not how your retirement plans...

What Does Fannie and Freddie Mean to Borrowers?

By:

Bill Rice - MortgageLoan.com | August 22, 2008

It seems the inevitable approaches for the US government and its "supported entities" Fannie Mae...

Election Day May Be About Taxes

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Bill Rice - MortgageLoan.com | August 21, 2008

The election of our next President quickly approaches. The ads, debate, and polls fill every...

Homeowners Need Refinance Assistance More Than Ever

By:

Bill Rice - MortgageLoan.com | August 20, 2008

Foreclosures rates continue to rise, borrowers have found themselves trapped in loans where...

Government Backed Loans Surge

By:

Bill Rice - MortgageLoan.com | August 19, 2008

When borrowers talked about getting a mortgage you typically heard discussions of Countrywide and...

Can a Bad Appraisal Cost You Your Home?

By:

Bill Rice - MortgageLoan.com | August 18, 2008

In the exuberance of the mortgage boom, it was broadly accepted that home values were moving...

Mortgage Rates Hold Steady on Mixed Bag of Economic News

By:

Bill Rice - MortgageLoan.com | August 15, 2008

Home Mortgage Rate hold steady for the third straight week as the mortgage market is peppered...

US Foreclosures Rise 55%, Banks Seizures Climb 184%

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MortgageLoan.com | August 14, 2008

New US legislation, effective 1 October, meant to help home owners stay in their home may not be...

Nehemiah Launches Web 2.0 Campaign to Save DPAs

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MortgageLoan.com | August 13, 2008

Nehemiah Corporation, operator of the largest down payment assistant (DPA) program in the nation...

Credit Tightening Squeezes Out Motivated Home Buyers

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MortgageLoan.com | August 12, 2008

Last week the National Association of Realtors (NAR) announced that pending home sales, a measure...

Paulson Says His Time is Short, Unlike US Economic Woes

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MortgageLoan.com | August 11, 2008

Shouts of joy burst from Beijing over the Men's 4x100m freestyle relay. An American team that...

Option ARMs Misused by Borrowers and Brokers

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MortgageLoan.com | August 08, 2008

As the mortgage meltdown attention is focused firmly on the subprime market there is a subtle...

Paulson Turns to Morgan Stanley for Fannie, Freddie Guidance

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MortgageLoan.com | August 07, 2008

Ahead of Freddie Mac's revelation of $821 million in second quarter losses and in anticipation of...

Fannie Mae Set to Raise Fees--Borrowers See it in Interest Rate

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MortgageLoan.com | August 06, 2008

As Fannie Mae prepares for what is certain to be a brutal quarterly earnings report to analysts...

Pay Option ARMs Next Wave of Foreclosures?

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MortgageLoan.com | August 06, 2008

While analysts are tabulating and predicting default rates on less-credit worthy subprime...

Fed Boss in Interest Rate Conundrum

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MortgageLoan.com | August 05, 2008

Federal Reserve Chairman Ben S. Bernanke faces one of his more challenging Federal Open Market...

IndyMac Files for Chapter 7 Bankruptcy

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MortgageLoan.com | August 01, 2008

The second largest mortgage lender in the United States, IndyMac has filed for bankruptcy...