Recent Articles
Mortgages
1293 articles
Sunday, August 31, 2008
Sites hawking fake documents facilitate loan fraud
Business |
August 31, 2008
You might assume that with home purchases and new mortgage volume off by 30% or more in many markets during the last year, loan fraud would be down as well. Read more
Friday, August 29, 2008
BUSINESS BRIEFING
Business |
August 29, 2008
MORTGAGES
Adjustable rates rise, fixed ease
Average rates on 30-year, fixed-rate mortgages dropped to 6.40% this week, down from 6.47% last week and the lowest since the week of July 17, mortgage company Freddie Mac said. Read more
Tuesday, August 26, 2008
Florida tops mortgage fraud list
Business |
August 26, 2008
Reported incidents of mortgage fraud in the United States jumped 42% in the first quarter of 2008 from a year earlier, with Florida reporting the highest number of cases, according to industry data released Monday. Read more
Monday, August 25, 2008
FBI saw threat of loan crisis
Business |
August 25, 2008
Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled by low interest rates and soaring home values, was starting to attract shady operators and billions in losses were possible. Read more
Saturday, August 23, 2008
Too big to fail? We’ll see about that
Business |
August 23, 2008
The mess in the U.S. financial system is making me nostalgic for the dot-com collapse of 2000-2002. Read more
Thursday, August 21, 2008
Mortgage filings fall to nearly 8-year low
Business |
August 21, 2008
Mortgage application volume fell last week to its lowest level in nearly eight years, the Mortgage Bankers Assn. Read more
FDIC to modify IndyMac loans
Business |
August 21, 2008
The regulators operating failed IndyMac Bank said Wednesday that they would try to modify about 25,000 troubled mortgages by slashing interest rates to as low as 3% for five years, extending payments over 40 years and in some cases charging interest on only part of the loan balance. Read more
Sunday, August 17, 2008
Fannie, Freddie will raise some fees, lower others
Business |
August 17, 2008
The two biggest sources of mortgages for American home buyers plan to raise their base fees to counter what they see as continuing “adverse conditions” in the real estate marketplace. Read more
Saturday, August 9, 2008
Wachovia curtails loans in 19 states
Business |
August 9, 2008
Wachovia Corp., the fourth-largest U.S. bank, will stop making mortgage loans through its own branch offices in 19 states, as the fallout from its 2006 acquisition of Northern California’s Golden West Financial Corp. Read more
Wednesday, August 6, 2008
Fannie Mae to double lender charges
Business |
August 6, 2008
Fannie Mae on Tuesday outlined a new pricing policy aimed at helping the mortgage finance giant gird against increased credit risks and losses from home loans it buys from mortgage lenders, but the changes could end up squeezing out many borrowers. Read more
Monday, August 4, 2008
FirstFed reduced loan risk early on
Business |
August 4, 2008
California home prices reached astonishing levels in 2005, but getting a loan was a snap at lenders offering low initial payments. Read more
Thursday, July 24, 2008
Federal grand jury investigating Countrywide, IndyMac, New Century
Business |
July 24, 2008
A federal grand jury in Los Angeles has begun probing three of the nation’s largest subprime mortgage lenders in the clearest sign yet that prosecutors are investigating whether fraud and other crimes contributed to the mortgage debacle. Read more
Wednesday, July 23, 2008
Record home losses in state
Business |
July 23, 2008
The price tag for the nation’s housing crisis escalated again with reports Tuesday that a record number of Californians lost their homes to foreclosure in the last three months and that a potential bailout of mortgage giants Fannie Mae and Freddie Mac could reach $25 billion. Read more
Tuesday, July 22, 2008
Wachovia to cut off mortgage brokers
Business |
July 22, 2008
Wachovia Corp., will stop accepting home loans made by mortgage brokers as it struggles with the fallout from its 2006 acquisition of Golden West Financial Corp. Read more
Sunday, July 20, 2008
A refi lifeline, with strings
Real Estate |
July 20, 2008
WASHINGTON – After six months of haggling and political gamesmanship, a massive housing-relief bill is heading for final approval. Read more
Friday, July 18, 2008
Business Briefing
Business |
July 18, 2008
THE ECONOMY
Mortgage rates fall across board
Rates on 30-year fixed-rate mortgages averaged 6.26% this week, down from 6.37% last week and the lowest since the week of June 5, mortgage company Freddie Mac said. Read more
Tuesday, July 15, 2008
Housing bill may get boost
Business |
July 15, 2008
The Bush administration’s emergency move to shore up the mortgage market will reap another dividend on Capitol Hill: It’s helping propel into law a broader housing bill that was threatened by wrangling between House and Senate Democrats. Read more
Fed imposes new rules on lenders
Business |
July 15, 2008
The Federal Reserve clamped down hard on mortgage lenders Monday, issuing rules designed to curb the sorts of risky and deceptive lending practices that helped trigger the subprime mortgage crisis. Read more
Monday, July 14, 2008
U.S. offers plan to steady Freddie Mac and Fannie Mae
Business |
July 14, 2008
Acting to prevent a severe disruption of the mortgage market, the federal government stepped in Sunday with plans for a sweeping aid package designed to bolster confidence in battered home-loan giants Fannie Mae and Freddie Mac.The Bush administration said it would ask Congress to authorize the Treasury Department to lend Fannie and Freddie more money than current limits permit and buy stock in the two companies.Also Sunday, the Federal Reserve agreed to permit the companies to borrow direc Read more
Friday, July 11, 2008
Business Briefing
Business |
July 11, 2008
THE ECONOMY
30-year mortgage rates rise
Rates on 30-year fixed-rate mortgages averaged 6.37% this week, up from 6.35% last week, mortgage company Freddie Mac said. Read more
