Mortgage News
Has the Mortgage Crisis Finally Peaked? E-mail
Friday, 26 October 2007
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. 
Mortgage News: U.S. Mortgage Applications Index Rose 2.4% Last Week E-mail
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.

U.S Mortgage Foreclosures Stabilizing E-mail
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.

Bush Acknowledges Credit And Mortgage Crisis E-mail
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.

Federal Reserver Cuts Interest Rates By 1/2 Point Refinance NOW!! E-mail
Tuesday, 18 September 2007
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.
Mortgage ads under FTC scrutiny E-mail
Sunday, 16 September 2007
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.
FHASecure Fed offers mortgage bailout E-mail
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.
Mortgage experts push new home-saving programs E-mail
Friday, 14 September 2007
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.
IBM Mortgage Unit Accelerates Market Presence E-mail
Monday, 10 September 2007
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.
New Mortgage Foreclosures Set Record E-mail
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.

SEC to review role of major credit rating agencies E-mail
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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