Published on June 19th, 2009 by admin in Mortgage Lenders
Dems resist requesting records for Friends of AngeloHot Air, MD
It's one of the most infamous chapters in the housing-market meltdown, but Democrats apparently don't want to shine on a light on Countrywide Mortgage's Friends of Angelo program. Rep. Darrell Issa (R-CA) sent written requests for the records to Bank …
Read in full at Dems resist requesting records for Friends of Angelo - Hot Air
67 words, reading time ~ 16 secs
Published on June 19th, 2009 by admin in US Mortgage
Reuters
US homes recovery distressingly slow: Reuters/UMichReuters
"To be sure, refinancing has reduced the burden of mortgage payments, giving consumers more discretionary income, but the refinancing impact on spending will fade as mortgage rates increase," Curtin said. "Moreover, conventional refinancing is largely …
Read in full at US homes recovery distressingly slow: Reuters/UMich - Reuters
57 words, 1 image, reading time ~ 14 secs
Published on June 19th, 2009 by admin in Mortgage Lenders
YMCA brings childhood back to NewburghHudson Valley Press, NY
Michael Waters of Wells Fargo Mortgage and Campaign Co-Chair said "We hope to raise more than this year's goal of $48000 to provide scholarships to programs like summer camp, child care and teen activities to kids in our community, who otherwise would …
Read in full at YMCA brings childhood back to Newburgh - Hudson Valley Press
67 words, reading time ~ 16 secs
Published on June 19th, 2009 by admin in Mortgage Lenders
Published on June 19th, 2009 by admin in UK Mortgage
London close: Footsie closes flatShareCast, UK
UK mortgage lending eased in May from the month before and was 58% lower than the same time last year, figures showed today. The Council of Mortgage Lenders (CML) said gross mortgage lending dipped to £10.3bn last month from £10.5bn in April, …
Read in full at London close: Footsie closes flat - ShareCast
61 words, reading time ~ 15 secs
Published on June 19th, 2009 by admin in Home Mortgage
Published on June 19th, 2009 by admin in Mortgage Lenders
How Do We Prevent Financial Negligence?Atlantic Online
Here's a sample from a subprime Countrywide Mortgage -Backed Security issued in 2004 (with Morgan Stanley as an underwriter): As a result of Countrywide Home Loans's underwriting standards, the mortgage loans in the mortgage pool are likely to …
Read in full at How Do We Prevent Financial Negligence? - Atlantic Online
61 words, reading time ~ 15 secs
Published on June 19th, 2009 by admin in Mortgage Lenders
Business briefsHilton Head Island Packet, SC
SunTrust Mortgage added Matt Webster to its Hilton Head Island office as a loan officer. Webster has more than 20 years experience in the mortgage industry, most recently with Wachovia. He received his bachelor's degree from Furman University. …
Read in full at Business briefs - Hilton Head Island Packet
57 words, reading time ~ 14 secs
Published on June 19th, 2009 by admin in Mortgage Lenders
No Decent ExplanationKUSI, CA
My investigation shows GMAC Mortgage apparently ignored legally binding documents, then refused to talk to the homeowners about it. They took their money, sold their home, and left them on the street with no apology, and no decent explanation.
Read in full at No Decent Explanation - KUSI
53 words, reading time ~ 13 secs
Published on June 19th, 2009 by admin in Mortgage Rates
Week Ahead: Investors Focus on Fed Meeting, Treasury AuctionCNBC, Englewood Cliffs
It just doesn't seem to have the effect they want," said Stanley The Treasury's heavy issuance calendar has coincided with rising yields in the last several weeks, which in turn resulted in a creep up in mortgage rates . Traders fear rising rates could …
Read in full at Week Ahead: Investors Focus on Fed Meeting, Treasury Auction - CNBC
72 words, reading time ~ 17 secs
Published on June 19th, 2009 by admin in Mortgage Lenders
Published on June 19th, 2009 by admin in Mortgage Lenders
Builders ask lenders to ease criteria for new homesTimes Online, UK
Peter Williams, of the Intermediary Mortgage Lenders Association, said: “Building firms are facing cashflow problems, so it is critical that these firms can sell homes quickly. But how can you encourage builders to produce more homes if there remains a …
Read in full at Builders ask lenders to ease criteria for new homes - Times Online
69 words, reading time ~ 17 secs
Published on June 19th, 2009 by admin in US Mortgage
Foreign c.banks US Treasury holdings up in week-FedReuters
However, holdings of securities issued or guaranteed by the two biggest US mortgage financing sources, Fannie Mae (FNM.P) and Freddie Mac (FRE.P), fell $4.254 billion to $806.8 billion in the latest week. Overseas central banks, particularly in Asia, …
Read in full at Foreign c.banks US Treasury holdings up in week-Fed - Reuters
63 words, reading time ~ 15 secs
Published on June 19th, 2009 by admin in Mortgage Lenders
Rather Than Their Heads, Obama Just Wants Some of Bankers' SkinAtlantic Online
As Megan pointed out earlier, President Obama has announced a host of proposed measures to reform financial services. One of these measures is to force mortgage originators to have a little skin in the game. Specifically, mortgage originators would be …
Read in full at Rather Than Their Heads, Obama Just Wants Some of Bankers' Skin - Atlantic Online
73 words, reading time ~ 18 secs
Published on June 19th, 2009 by admin in Mortgage Calculator
