Mortgage News
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Friday, 26 October 2007 |
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In recent months, mortgage issues have been a main force hampering home
sales but, according to a new report from the National Association of
Realtors, mortgage availability is finally improving—even as home sales
continue to slide. |
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Wednesday, 10 October 2007 |
Mortgage applications in the U.S.
rose 2.4 percent last week, as purchases gained for the first
time in three weeks and refinancing rebounded.
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Monday, 24 September 2007 |
The default rate on U.S. mortgages is stabilizing, an American housing
official said Monday, adding she didn't expect last week's cut in U.S.
interest rates to significantly affect the number of defaults.
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Friday, 21 September 2007 |
WASHINGTON -- The American dream of owning a home has turned into a
nightmare -- not only for homeowners, but also for politicians and
regulators under pressure to ease the credit crunch.
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Tuesday, 18 September 2007 |
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The Federal Reserve voted to cut
the fed funds rate by a half-percentage point to 4.75 percent. It was
the first time the central bank had cut the fed funds rate since June
2003.
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Sunday, 16 September 2007 |
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The Federal Trade Commission has issued a warning about "potentially
deceptive" advertisements for low-cost mortgages, saying consumers
could be duped and mortgage companies might be breaking the law.
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Saturday, 15 September 2007 |
As millions of homeowners lie bleeding in the
Subprime Corral, the feds ride in on an old mare to rescue a few
borrowers suffering from scratches.
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Friday, 14 September 2007 |
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Many plans in Washington that aim to
save troubled borrowers fall short of halting a rising tide of
home foreclosures, according to some analysts who are pushing
novel ideas to help borrowers keep their homes.
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Monday, 10 September 2007 |
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IBM
Lender Business Process Services, Inc. (IBM LBPS), a wholly owned
subsidiary of IBM (NYSE: IBM) specializing in mortgage origination
services, announced today that it was recently approved by the U.S.
Department of Housing and Urban Development to conduct mortgage origination
services for federally insured Federal Housing Administration (FHA) loans.
It has also obtained regulatory approvals and licenses to provide these
services in the vast majority of states, and intends to complete the state
licensing process by the end of this year.
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Friday, 07 September 2007 |
Homeowners, struggling to deal with sharp increases in their adjustable
mortgage payments, got hit with a record number of foreclosure notices
in the spring as the crisis in subprime lending intensified.
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Friday, 07 September 2007 |
U.S. regulators said Friday they are reviewing the role that
credit-rating agencies played in the mortgage market debacle for people
with weak credit.
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