Senate helping troubled borrowers "FHA will be the best solution anywhere in the market" Reversing months of inaction in a single day, the Senate passed two major bills Dec. via HeraldTribune.com read more...
Subprime mortgage market in trouble Is a blowout taking shape in the impaired-credit mortgage market? Could lax underwriting standards during the housing boom years -- no verification of applicants' incomes or assets, low or no
JP Morgan Chase Spends $90M on Subsidiary's Headquarters JP Morgan Chase has acquired the 506,836-sf headquarters of Chase Manhattan Mortgage Corp., its subsidiary, for $90 million, or about $180 per sf.read more...
House Price Appreciation Slows From Record-Setting Pace, But Remains Strong Average U.S. home prices increased 12.02% year over year from the third quarter of 2004 through the third quarter of 2005.read more...
Mortgage rates drop (AP via Yahoo! News) Mortgage rates sank this week, reflecting investors' worries about the country's economic health.read more...
CIT Group closes mortgage unit, cuts 550 jobs (Washington Post) NEW YORK (Reuters) - CIT Group Inc (CIT.N), the consumer and commercial finance company, said on Tuesday it has closed its mortgage lending operations, resulting in the loss of 550
) (AP) – New York Attorney General Eliot Spitzer is questioning some of the nation’s biggest banks in an investigation of potential discriminatory practices in setting mortgage rates and fees.”We are looking at the HMDA (Home Mortgage Disclosure Act) data and other information that would help us understand how the loans are being priced and whether or not they are justified by legitimate business
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