Mortgage industry oversight to be beefed up under Bush plan (Orange County Register)
A new commission would be created to recommend minimum licensing standards for mortgage brokers.
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Lowering your monthly mortgage payment (Bankrate.com via Yahoo! Finance) The mortgage company is right that paying on your principal won't lower payments, Dr. Don says.via
Good Reasons to Refinance Now The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. via Daily Leader read more...
American Home Mortgage files for bankruptcy (Reuters via Yahoo! News) American Home Mortgage Investment Corp., a large home lender catering to people considered good credit risks, completed its rapid descent on Monday when it filed for Chapter 11 bankruptcy
Greenspan's comments give market a boost Stocks shook off early losses and closed higher Wednesday after Federal Reserve Chairman Alan Greenspan delivered an upbeat assessment of the economy and Wall Street focused on solid earnings reported
Lenders Promise to Speed Notice on Mortgage Help (NYTimes.com via Yahoo! Finance) Mortgage companies are pledging to let troubled borrowers know whether they are approved for help within 45 days of receiving a homeowner?s application.read more...
Thornburg Mortgage Sells $500 Million of Preferred Stock (Bloomberg.com) Aug. 30 (Bloomberg) -- Thornburg Mortgage Inc., the jumbo- mortgage specialist that was forced to stop making new loans, sold $500 million of convertible preferred stock to help alleviate a