Judge Lectures Countrywide but Decides Not to Punish It in Texas Mortgage Case (NYTimes.com via Yahoo! Finance) HOUSTON ? The Countrywide Financial Corporation, the largest American mortgage lender, did not show ?bad faith? in the handling of a Texas homeowner?s mortgage and will not be sanctioned
Pending Homes Sales Index Slightly Lower The National Association of Realtors released their Pending Home Sales Index today: Pending Home Sales Leveling Out, Market Balancing The Pending Home Sales Index, based on contracts signed in February,
Banks urged to end loan concessions November 15, 2005 The Financial Supervisory Service has urged banks to stop offering temporary interest discounts on their loan products, saying that such a practice is causing overheated competition.read more...
Alfa-Bank increases maximum mortgage loan to $500,000 (Banking Business Review) In a bid to beef up its presence in the mortgage market, Russias Alfa-Bank has increased its maximum mortgage loan up to $500,000 to buy a flat in the secondary
Any tax cuts will go to mortgage: survey (AAP via Yahoo! Australia & NZ News) Homeowners will most likely invest any tax breaks they receive in Tuesday's federal budget straight into their mortgages, research has found.read more...
Late Mortgage Payments and Foreclosures at Record Highs (Fox News) Data from final quarter of 2006 shows more bad news for mortgage industry.read more...
PLEASANTON —Sterlent Credit Union has lurched into a mire of mortgage failures and red ink, making it the second East Bay credit union in recent months to be jolted by debris unleashed by widening woes in the housing market.
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