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Loan firms' troubles squeeze home mortgage borrowers (Detroit News)
Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan.
Wed, 20 Aug 2008 05:17:45 GMT.
Ed Craine Named Mortgage Broker Of The Year By California Association of Mortgage Brokers (PRWeb via Yahoo! News)
C.E.O of San Francisco Based Mortgage Company Receives Chris Salazar Broker Of The Year Award At CAMB Annual Convention.
Wed, 20 Aug 2008 07:01:00 GMT.
Regulator to help IndyMac mortgage borrowers (Reuters via Yahoo! News)
Thousands of homeowners with distressed mortgage loans linked to failed lender IndyMac may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators.
Wed, 20 Aug 2008 19:39:34 GMT.
U.S. MBA's Mortgage Applications Index Fell 1.5% (Update1) (Bloomberg.com)
The Mortgage Bankers Association's index of applications to buy a home or refinance a loan dropped 1.5 percent from the prior week to 419.3. The group's purchase index fell 0.4 percent and its refinancing gauge slumped 3.7 percent.
Wed, 20 Aug 2008 14:48:20 GMT.
FDIC has mortgage plan for IndyMac borrowers (AP via Yahoo! Finance)
Federal regulators have worked out a plan to modify mortgage terms for troubled home borrowers holding loans from IndyMac Federal Bank, which the government seized last month after it became the largest regulated thrift to fail.
Wed, 20 Aug 2008 14:33:05 GMT.
FDIC has mortgage plan for IndyMac borrowers (Pittsburgh Post-Gazette)
WASHINGTON -- Federal regulators have worked out a plan to modify mortgage terms for troubled home borrowers holding loans from IndyMac Federal Bank, which the government seized last month after ...
Wed, 20 Aug 2008 16:19:27 GMT.
California home sales surged in July, prices fell (AP via Yahoo! News)
California homebuyers sprung to life in July, pouncing on foreclosed homes and deeply discounted properties but largely ignoring pricier homes that have been languishing on the market, a research firm said Tuesday.
Tue, 19 Aug 2008 23:31:58 GMT.
FirstFed Financial shares soar as bank cuts exposure to problematic mortgage loans, securities (Canadian Business)
NEW YORK (AP) - Shares of FirstFed Financial Corp. soared Wednesday after the regional bank reported that it has reduced its exposure to problematic adjustable-rate loans and mortgage-backed securities.
Wed, 20 Aug 2008 15:16:56 GMT.
Fannie, Freddie woes raising mortgage rates (MSNBC)
Fannie Mae and Freddie Mac may or may not need a government bailout, but the turmoil surrounding the mortgage finance companies? is raising interest rates, fees, closing costs.
Tue, 19 Aug 2008 23:23:16 GMT.
'Liar loans' threaten to prolong mortgage crisis (North County Times)
In the mortgage industry, they are called "liar loans" ---- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job and (no) assets."
Wed, 20 Aug 2008 08:09:39 GMT.