Mortgage Applications Fall as Rates Rise (Fox News) Mortgage applications fell for a third consecutive week last week as interest rates on 30-year home loans climbed to the highest levels since late March, The Mortgage Bankers Association said
Veterans' Loans Left Out of Stimulus Plan When Congress and the White House put together the $150 billion economic stimulus package, they raised the maximum mortgage limits in high-cost areas for Fannie Mae, Freddie Mac and the
American Home Mortgage downgraded to peer perform (New Ratings) NEW YORK, January 16 (newratings.com) - Analyst Scott Coren of Bear Stearns downgrades American Home Mortgage ( AHMH.NAS ) from "outperform" to "peer perform," while reducing his estimates for the
Wells Fargo cuts 500 jobs on subprime woes Wells Fargo & Co. said Tuesday it will eliminate 514 jobs, including 71 in the East Bay, at operations that specialize in high-risk home loans.Commentread more...
Federal law assuages mortgage lenders? fears (BizJournals) Area mortgage lenders have a favorable first impression of federal legislation meant to shore up the housing market, though they admit a need to learn more about it.read more...
Government Crackdown on Mortgage Fraud (New York Times) More than 400 real estate industry players have been indicted since March, including dozens over the last two days, in a Justice Department crackdown on incidents of mortgage fraud nationwide.read
Mortgage lenders desperately want past-due borrowers to open the mail and pick up the phone. That’s the gist of the latest public-private collaboration to address the mortgage crisis.
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