MortgageLoan

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...