Mortgage application index falls 3.4 percent (Baltimore Sun) Drop in loan requests is fourth in five weeks WASHINGTON // Mortgage applications fell to the second-lowest level this year on fewer home purchases and less refinancing, a
Median income barely grows The economy may be chugging along, but the gains are not trickling down to many American families' incomes and net worth.read more...
Wells to buy WaMu's $140B mortgage portfolio (BizJournals) Wells Fargo has agreed to buy Washington Mutual's entire portfolio of government mortgage servicing and a portion of its conforming, fixed-rate portfolio, totaling $140 billion and representing about 1.3 million
New Chief Builds Fresh Plan read more...
Scapegoating Stated-Income Loans A stated-income loan qualifies a borrower by using the income the borrower states, as opposed to the income the borrower can document. With a stated-income loan, the lender agrees
Recreation Site Considered read more...
The junk mail avalanche, the screwed-up credit reports, the midnight phone calls from lusty suitors—those were bad enough.
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