Tag Archives: mortgage industry

Is The Bailout Change We Can Believe In?

From the New York Times editorial: As prices drop, millions of people who have never missed a mortgage payment stand to lose their home equity. Under the program, the government will insure up to $300 billion in new, more affordable … Continue reading

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Mortgage Marvel Press Release

MEQUON, WI, Jul 28, 2008 (MARKET WIRE via COMTEX) — It’s won "Best in Show" at a prominent national technology conference. Mortgage-industry publications have called it the "Orbitz" of mortgage-shopping Web sites. Top consultants have called it "a big win-win … Continue reading

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Where’s My Mortgage, Mate?

From the BBC: The credit crunch has led Britain‘s banks and building societies to charge higher interest rates on the money they lend out and to withdraw thousands of mortgage deals, leaving increasing numbers in a desperate situation. Disappearing deals … Continue reading

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Mortgage Bonds

NEW YORK, May 28 (Reuters) – Rising issuance of Fannie Mae and Freddie Mac mortgage-backed securities has pushed the share of the debt in a key bond index to record heights in recent months, presenting new challenges to investors. The … Continue reading

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Regulating America’s Mortgages

NEW YORK (Associated Press) – A regulator whose agency would disappear under a Bush administration plan to revamp financial oversight says his agency should instead be given expanded power over the U.S. home loan market. John Reich, director of the … Continue reading

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Worst Still To Come In Lending Crisis

From the bloggernewsnet: The FBI just released an interesting report showing fraud trends that contributed to the current financial crisis the housing boom has caused. It’s key findings were that mortgage fraud is on the rise, subprime loans contributed to … Continue reading

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Mortgages For Muslims

From the Washington Post: The mortgage industry may be in meltdown, but at least one class of lender appears to be flourishing: Islamic finance companies that offer Muslim home buyers alternative arrangements such as lease-to-own deals so they can avoid … Continue reading

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Cutting Rates On Jumbo Loans

From the WSJ: Executives of Fannie Mae and Freddie Mac told Congress they are finally bringing down interest rates on some "jumbo" mortgages. Jumbo mortgages are those larger than the normal limit — currently $417,000 — on loans that can … Continue reading

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Mortgage Applications Down

From Marketwatch: "CHICAGO (MarketWatch) — Mortgage applications filed last week dropped a seasonally adjusted 7.8%, compared with the previous week, the Mortgage Bankers Association reported on Wednesday. Compared with the same week in 2007, applications were down 9.4%, the MBA … Continue reading

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UK Mortgage Blues

Here’s a report: So said Jackie Bennett, head of policy at the Council of Mortgage Lenders (CML), at a conference for the mortgage industry held in Manchester this week. Bennett also quoted CML chief Steven Crawshaw as expecting the level … Continue reading

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