MGIC earnings drop in first quarter (Reg Req'd) Losses at home-loan insurer grow 14% MGIC Investment Corp. reported first-quarter-2006 net income of $163.5 million, down 10.2 percent from $182 million earned in the same quarter a year ago.read
High-risk, low-doc mortgage market smaller (Reg Req'd) The true size of the controversial low-doc mortgage market has finally been revealed, and it is much smaller than previous estimates of between $28 billion and $50 billion.read more...
Mortgage rates move back up (CNN Money) Mortgage rates climbed this week after trending lower recently, Freddie Mac said Thursday, after Federal Reserve said it continues to worry about the threat of inflation.read more...
Carnival Sending Three Ships for Refugees (Reg Req'd) Three Carnival Cruise Lines ships have been pressed into service by the government to provide shelter for as many as 7,000 hurricane victims.read more...
HOUSTON MORTGAGE MONITOR (Houston Chronicle) INDIVIDUAL LENDER RATES The mortgage interest rate list represents a sampling of rates as quoted by lenders in the Houston market on Friday. Rates, which may change on
Changing face PHARR a " Because of high property taxes, an image problem and a crowded housing market, home and business construction values in Pharr are lagging behind those in Mission and
RISMEDIA, Jan. 20 ? Wells Fargo Home Mortgage announced that it has successfully sold an eMortgage to Freddie Mac. The secondary market transaction was completed with the assistance of a team of technology companies that will provide digitally encrypted electronic documents, settlement services, closing and eDocument custody services.
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