House Ponders Reining in Mortgage Giants The House debated legislation Thursday that would tighten federal oversight of the two largest buyers and guarantors of home mortgages, Fannie Mae and Freddie Mac. via The Atlanta Journal-Constitution
Banks Loosen Up Mortgage Loan Rules As Interest Rate Hikes Dampen Demand (Investor's Business Daily via Yahoo! News) Banks continued to loosen their standards for making residential mortgages even as they reported weaker demand over the last three months, said a Federal Reserve survey of banks' senior
7 states join Internet system for tracking mortgage brokers (Boston Globe) Seven states, including Rhode Island, on Wednesday launched a standardized and mandatory process to more thoroughly license and track tens of thousands of mortgage brokers.read more...
TD maintains it has no exposure to U.S. subprime, denies rumours - TD Bank (TSX:TD) held tight to its position that it doesn't have any exposure to U.S. subprime mortgage problems Monday, denying rumours that it could face major writedowns
MGIC impacted by mortgage meltdown (BizJournals) MGIC Investment Corp. expects losses from mortgage insurance claims this year to continue to increase and exceed last year's in the wake of the deteriorating U.S. housing market.read more...
Basic mortgage and loan quiz Think you have a grasp of what it takes to get a mortgage or other loan? Our quick five-question quiz will let you know.read more...
When evaluating a builder’s lender: · Know what kind of loan you can get from at least one outside lender before you talk to the builder’s preferred lenders, including specifics on interest rates, points and fees. · Before you pay a loan application fee, read the Good Faith Estimate of loan c…
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