A Compromise on Fannie, Freddie
The Senate banking panel approved legislation to create a more powerful regulator for Fannie and Freddie.
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Washington Mutual cuts subprime jobs, adds more mortgage sellers in branches (AP via Yahoo! Finance) Thrift bank Washington Mutual Inc. said Thursday it will cut 1,000 jobs, eliminating its sales force dedicated to mortgage borrowers with questionable credit and slashing some of its wholesale
Report: Mortgage Foreclosures Skyrocket In Conn. Cities (NBC 30 Connecticut) Mortgage defaults and foreclosures in Connecticut's cities have skyrocketed over the past year, a real estate tracking company has found.read more...
Default notices rising in Josephine County "When people can't make their payments anymore, they just put their keys in an envelope and mail them to the lender" Mortgage delinquency rates in Josephine County have risen
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Seller Activity Breaks Record as 2006 Housing Market Launches RISMEDIA, Feb. 14 - This year began with a flurry of seller activity in the Twin Cities, Minnesota, residential real estate market.read more...
Jury deliberations continue in Shields' mortgage fraud case (The Kansas City Star) A federal jury resumed deliberations about 8:20 this morning in the mortgage fraud case involving former Jackson County Executive Katheryn Shields.read more...