MortgageLoan
Articles by Subject
House Rejects Bailout and Stock Market Reacts, Dow Down 777.68
- By:
- Bill Rice - MortgageLoan.com | September 30, 2008
Considered a bi-partisan done deal, the enormous market bailout bill was voted down in dramatic...
$700 Billion Bailout Bill Set to Fail in the House, Dow Craters 500 Points
- By:
- Bill Rice - MortgageLoan.com | September 29, 2008
House of Representatives votes down 205-228 the $700 billion market bailout bill. Bringing...
Wachovia Goes to Citigroup with FDIC Assistance
- By:
- Bill Rice - MortgageLoan.com | September 29, 2008
Wachovia becomes the latest giant to fall into an apparent three bank consolidation. Wachovia was...
$700 Billion Bailout Bill on its Way to House Vote
- By:
- Bill Rice - MortgageLoan.com | September 29, 2008
After an intense weekend of negotiations the formally named Emergency Economic Stabilization Act...
Lawmakers Reach Bailout Breakthrough Early Sunday Morning
- By:
- Bill Rice - MortgageLoan.com | September 28, 2008
Working through Saturday evening and into the wee-hours of Sunday morning Congress hammered out a...
JP Morgan Assists FDIC as WaMu Becomes Largest Bank Failure in History
- By:
- Bill Rice - MortgageLoan.com | September 26, 2008
While the Nation focused on the contentious negotiations over the $700 billion bailout of the...
Mortgages Availability Tightening, Existing Home Sales Continue to Fall
- By:
- Bill Rice - MortgageLoan.com | September 25, 2008
Mortgage rates are down, but homes are not selling. Why? The disconnect is directly linked to the...
Warren Buffett Invests $5 Billion in Goldman
- By:
- Bill Rice - MortgageLoan.com | September 24, 2008
At the closing bell, after another punishing day on Wall Street, a $5 Billion vote of market...
Paulson's $700 Billion Plan is Bitter, but Necessary Medicine
- By:
- Bill Rice - MortgageLoan.com | September 23, 2008
The American taxpayer is angry at picking up the tab for greed and excess. Congress wrestles with...
Financial and Mortgage Market Bailout-Dissecting the Paulson Plan
- By:
- Bill Rice - MortgageLoan.com | September 22, 2008
Congress was handed a monumental weekend task--review and prudently approve a $700 billion dollar...
Paulson Going to Congress with Significant Taxpayer Bailout Plan
- By:
- Bill Rice - MortgageLoan.com | September 19, 2008
Like it or not the US taxpayer is coming to the rescue of the financial markets. Following weeks...
Loan Modifications, Government's Preferred Foreclosure Remedy
- By:
- Bill Rice - MortgageLoan.com | September 18, 2008
Cleaning up a uniquely collapsing mortgage market it going to challenge the creativity of the US...
Mortgage Rates Drop, Refinance Boom Ahead?
- By:
- Bill Rice - MortgageLoan.com | September 17, 2008
Last week mortgage rates plummeted to a five month low and took the steepest weekly dive in 28...
Fed Likely to Leave Rates Unchanged
- By:
- Bill Rice - MortgageLoan.com | September 16, 2008
An economic roller coaster ride preludes today's Fed meeting. A continual battle between mortgage...
Home Buyers and Mortgage Refinance Get Discount on Fannie, Freddie
- By:
- Bill Rice - MortgageLoan.com | September 15, 2008
Life has sprung back into mortgage lenders and banks. Borrowers are calling for the new, low...
Mortgage Rates at 5 Month Low, Biggest Weekly Drop in 28 Years
- By:
- Bill Rice - MortgageLoan.com | September 12, 2008
If you were waiting for another chance to lock in that low 30-year mortgage rate it is here, and...
Government is Making it Simple to Find a New Mortgage
- By:
- Bill Rice - MortgageLoan.com | September 11, 2008
There are millions of homeowners and home buyers that desperately need to find the right...
Lehman Open Market Shopping is Unsettling to Investors
- By:
- Bill Rice - MortgageLoan.com | September 10, 2008
Lehman is expected to end its long and public quest for a suitor today. Plans are to outline its...
Recession Talk Resurgent on Latest Unemployment Reports
- By:
- Bill Rice - MortgageLoan.com | September 09, 2008
August's unemployment numbers surged 84,000 to 6.1 percent, a five-year high. Rallying back the...
WaMu on the Ropes, Tosses Killinger, Files Recovery Plan with OTS
- By:
- Bill Rice - MortgageLoan.com | September 08, 2008
Washington Mutual (WaMu) a constant whisper on the bank failure watch list, has aggressively...
Fannie, Freddie Bailout Helps Market Not Troubled Homeowners
- By:
- Bill Rice - MortgageLoan.com | September 08, 2008
The government hopes its takeover of Fannie Mae and Freddie Mac on Sunday will bring stability to...
Government Take Over of Fannie, Freddie Imminent
- By:
- Bill Rice - MortgageLoan.com | September 06, 2008
Reports late Friday, breaking on the Wall Street Journal website, indicate that Fannie Mae and...
Mortgage Application Woes, What to Do When Your Lender Says No
- By:
- Bill Rice - MortgageLoan.com | September 05, 2008
Lots of mortgage lenders closing and losing money leads to a natural reaction--credit tightening...
GMAC Lays off 5000, Shutters 200 Retail Branches
- By:
- Bill Rice - MortgageLoan.com | September 04, 2008
GMAC became the latest in a long line of mortgage business downsizing and closings. GMAC...
Fannie, Freddie May Dodge Bailout
- By:
- Bill Rice - MortgageLoan.com | September 03, 2008
On the heels of a reasonably priced Freddie Mac auction of $1 billion in 5-year notes Fannie Mae...
Fed Hawks Softening Inflationary Rhetoric
- By:
- Bill Rice - MortgageLoan.com | September 02, 2008
As the next Federal Open Market Committee (FOMC) quickly approaches the anti-inflationary hawks...
Mortgage Market Giving Economists Fits, Should Mortgage Borrowers Care?
- By:
- Bill Rice - MortgageLoan.com | September 01, 2008
It seems we are in the perfect economic storm for mortgages. Many homeowners and potential home...