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Tag Search Results For 'mortgage news' (541)
Reverse Mortgages Are Gaining Popularity
Mortgage And Real Estate Blog | 17 hours ago by Chris McElroy
As Baby Boomers get older, reverse mortgages look more and more attractive. A reverse mortgage is an instrument that allows aging homeowners, 62 years of age and older, to downsize their homes without tapping into their existing equity and going dee read more
Foreclosure filings up 120%
Loanspeed | July 25th 2008
By Les Christie, CNNMoney.com staff writer 220,000 homes were lost to bank repossessions in the second quarter, and the annual forecast for 2008 will have to be revised upward. NEW YORK (CNNMoney.com) — As foreclosures continue to soar, 220,000 read more
Fed Weighs Three Plans to Spur Bank Investments by Buyout Firms
Loanspeed | July 24th 2008
By Jonathan Keehner and Jason Kelly, Bloomberg.com July 24 (Bloomberg) — The Federal Reserve, looking to spur investment in banks hit by credit losses, is weighing three measures to ease regulatory constraints on private-equity funds that buy s read more
New Home Buyers Need to Focus on Forward Mortgage News
The Loan Blog | July 24th 2008 by LoanBiz
With all the mortgage news coming out these days, it is important for new home buyers to distinguish between stories which primarily affect existing home owners and borrowers, and those which will impact future buyers. As an example of the range of s read more
Mortgage bill on House fast-track
Loanspeed | July 23rd 2008
By Jeanne Sahadi, CNNMoney.com President drops veto threat of bill to offer $300 billion in mortgages and back up Fannie Mae and Freddie Mac. House vote expected Wednesday. NEW YORK (CNNMoney.com) — The House was poised Wednesday to pass sweepi read more
Loan Limits Slated To Be $625,000
Consumer Mortgage Reports | July 22nd 2008 by Consumer Mortgage Reports
House and Senate negotiators have reached an agreement on loan limits, and it appears that the maximum amount for the Government Sponsored Enterprise (GSE)Fannie Mae, Freddie Mac, and Federal Housing Administration FHA loans will be $625,000. Negoti read more
Wachovia exits wholesale mortgage lending business
Loanspeed | July 21st 2008
The Associated Press was the first on the scene to write about another big bank (WACHOVIA) leaving the wholesale industry. More information on this story will come tomorrow with earnings reports. The story goes as follows. Wachovia leaves wholesa read more
This Week In Mortgage News
Consumer Mortgage Reports | July 21st 2008 by Consumer Mortgage Reports
This week will be interesting for the bond market and mortgage rates. There are five remaining economic reports scheduled for release, but only one of them is considered to be of high importance to the markets. With data being posted all but one day read more
Most banks are safe … so is the FDIC
Loanspeed | July 21st 2008
Chris Isidore of CNNMoney.com wrote an article about the safety of our banking industry. Some have been saying that mattress money (cash at home) is the way to go in our current market conditions. I can’t say I agree… but I am paying read more
The Mortgage Market is Soiled. You Better Have a Trust Strategy.
Better Closer Blog | July 21st 2008 by Bill Rice
If you are a mortgage broker and you haven’t already figured this one out I will state it bluntly–no one trusts us! Sure there is an enormous amount of finger pointing going on. From Wall Street to Main Street everyone has an opinion on w read more
Fed’s Kroszner Says Fed Rules Will Affect Subprime and Alternat…
Your Mortgage | July 20th 2008 by templove
Kroszner of fed says that the rules of fed will affect Subprime and alternative mortgages addthis_url = 'http%3A%2F%2Fwww.yomortgage.com%2Fmortgage%2F2008%2F07%2Ffeds-kroszner-says-fed-rules-will-affect-subprime-and-alternative-mortgages%2F'; read more
Mortgage market weathers storms - San Francisco Chronicle
Your Mortgage | July 20th 2008 by templove
The mortgage market resists to storms - chronicle of San Francisco addthis_url = 'http%3A%2F%2Fwww.yomortgage.com%2Fmortgage%2F2008%2F07%2Fmortgage-market-weathers-storms-san-francisco-chronicle%2F'; addthis_title = 'Mortgage+market+weathers read more
Do we build them up or knock them down? - Independent
Your Mortgage | July 20th 2008 by templove
We constructed them for above or we struck them down? - Independent addthis_url = 'http%3A%2F%2Fwww.yomortgage.com%2Fmortgage%2F2008%2F07%2Fdo-we-build-them-up-or-knock-them-down-independent%2F'; addthis_title = 'Do+we+build+them+up+or+knock read more
Mortgage giants crumble - Seattle Times
Your Mortgage | July 20th 2008 by templove
Breadcrumb of the giants of the mortgage - times of Seattle addthis_url = 'http%3A%2F%2Fwww.yomortgage.com%2Fmortgage%2F2008%2F07%2Fmortgage-giants-crumble-seattle-times%2F'; addthis_title = 'Mortgage+giants+crumble+-+Seattle+Times'; addth read more
Imminent housing bill full of hope but few answers - Chicago Trib…
Your Mortgage | July 20th 2008 by templove
Imminent account of the cover completely of the hope but of few answers - Chicago Tribune addthis_url = 'http%3A%2F%2Fwww.yomortgage.com%2Fmortgage%2F2008%2F07%2Fimminent-housing-bill-full-of-hope-but-few-answers-chicago-tribune%2F'; addthis_ read more
Thursday’s Events: BOC MPC Report, U.S. Jobless Claims, Philly…
Your Mortgage | July 20th 2008 by templove
Events Of Thursday: Report of BOC MPC, Unemployed Demands of the United States, Informs De Mfg Into the Fed De Philly addthis_url = 'http%3A%2F%2Fwww.yomortgage.com%2Fmortgage%2F2008%2F07%2Fthursdays-events-boc-mpc-report-us-jobless-claims-phil read more
U.S. Jobless Claims Rise to 366K in Week Ending July 12
Your Mortgage | July 20th 2008 by templove
The unemployed demands of the United States rise to 366K in the week that finishes of July the 12 addthis_url = 'http%3A%2F%2Fwww.yomortgage.com%2Fmortgage%2F2008%2F07%2Fus-jobless-claims-rise-to-366k-in-week-ending-july-12%2F'; addthis_title read more
Stern Says Fed Rate Rise `Can’t Wait’ for Markets to Stabiliz…
Loanspeed | July 18th 2008
Vivien Lou Chen of Bloomberg.com put a story on the map today that I don’t think many are ready for. Interest rate increases are on there way and what will the affects be on the marketplace? I don’t know how much more the market depre read more
Should The U.S. Bailout Freddie And Fannie?
Mortgage And Real Estate Blog | July 18th 2008 by Chris McElroy
There are three sides to every story, they say: Yours, mine, and the truth. Well, I went browsing for good stories on the Freddie Mac and Fannie Mae disaster. Here are two stories that I think cover it fairly well - but they aren’t news. These read more
Is that preforeclosure really for sale? | Inman News
The Albuquerque Real Estate News Blog | July 17th 2008 by Tego Venturi
Take that foreclosure list you got in your e-mail with a grain of salt. Not to say the info is not accurate, but there may be more to the story. We have seen a situation where the RealityTrac report shows an outstanding balance but is only the 1st mo read more
refinance mortgage indymac
Loanspeed | July 17th 2008
Tami Luhby of CNNMoney wrote an article about our governments rescue of Indymac bank. The times are definitely tough right now with all of the decision being made about other people’s homes and money in the bank. We finally get to see what read more
Bernanke:Fannie, Freddie in no danger of failing
Loanspeed | July 16th 2008
Jeannine Averasa of the Associated Press put a very much needed article together for our public. She speaks of our Fed Chairman’s time on Capitol Hill in the hot seat. All the information was not good, but not all was bad either. The st read more
Reasonability… A new underwriting standard?
In Shallow Waters | July 16th 2008 by Douglas Fujikawa
Today I received another “stated income, stated asset” loan approval for a client of mine looking to get pre-approved buying an investment property. These “stated” findings do not come along very often in this market but I w read more
Federal Banking and Thrift Agencies Issue Final Guidance on Super…
Consumer Mortgage Reports | July 15th 2008 by Consumer Mortgage Reports
The federal banking and thrift agencies today issued final guidance outlining the supervisory review process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. The final guidance relating to su read more
Mortgages: More expensive, more scarce
Loanspeed | July 15th 2008
Les Christie, a staff writer for CNNMoney put on article on the map about something I am a little tired speaking about. It seems like we have the same story about Fannie Mae and Freddie Mac down on capital everyday. I am writing this story into t read more
Is A Mortgage Stock Surge A Good Sign?
Mortgage And Real Estate Blog | July 14th 2008 by Chris McElroy
Everybody knows the trouble that Fannie Mae and Freddie Mac are in. But since share prices in both companies went up today, the scare that has recently put the mortgage industry through a mental road march might have been nothing more than a scare. F read more
Bank shares plummet amid mortgage fears
Loanspeed | July 14th 2008
The writers over at Reuters put out a story this morning on the opening of our market this Monday after the crash of Indymac Bank. I wasn’t really sure how it was going to affect our market trades but after listening this morning to all the n read more
Federal Reserve Issues Rule Amending Regulation Z (Truth in Lendi…
Consumer Mortgage Reports | July 14th 2008 by Consumer Mortgage Reports
The Federal Reserve Board on Monday approved a final rule for home mortgage loans to better protect consumers and facilitate responsible lending. The rule prohibits unfair, abusive or deceptive home mortgage lending practices and restricts certain read more
IndyMac Federal Bank Receives Government Support
Consumer Mortgage Reports | July 14th 2008 by Consumer Mortgage Reports
IndyMac will cover 50% of uninsured deposits as IndyMac Federal Bank. The government is stepping in to support IndyMac. Having just changed its name from IndyMac Bancorp after it was seized Friday. The FDIC has assumed control saying it will cover 5 read more
FDIC Says Deposits in Failed IndyMac Bancorp Are ‘Safe’
Consumer Mortgage Reports | July 14th 2008 by Consumer Mortgage Reports
Two days after the Federal Deposit Insurance Company took over California based IndyMac Bancorp Inc, officials say the bank will reopen Monday morning (Today) for business as usual. SHARETHIS.addEntry({ title: "FDIC Says Deposits in Failed IndyMac Ba read more
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