Mortgages and Loans help
NEW YORK - Shares of mortgage purchasers Fannie Mae and Freddie Mac tumbled Monday after a Federal Reserve official warned that housing market problems are likely to extend into next year and an analyst said accounting changes could leave the two woefully short of necessary capital reserves.
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More than two-thirds of the state’s mortgage brokerages have failed to meet new competency requirements and will be shut down within a month if they don’t shape up.
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NEW YORK (Reuters) – IndyMac Bancorp Inc (IMB.N), one of the largest U.S. mortgage lenders, said on Monday it will eliminate 3,800 jobs and stop making most home loans after regulators concluded it was no longer “well-capitalized.”
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More than two-thirds of Indiana’s mortgage brokerage companies could lose their licenses under a new state law—causing headaches for some potential homebuyers.
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Mortgage insurer Radian Group Inc. said Monday that it named Teresa Bryce as president of its primary mortgage insurance division to replace David Applegate, who resigned from the position.
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Washington state and Washington Mutual Inc. led the nation in the number of mortgage-related job layoffs in the latest quarter, according to a recent mortgage employment survey
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Layoffs in the real estate finance sector fell by more than half in the second quarter compared with the first quarter and the year-ago period, according to a recent mortgage employment survey.
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The Idaho Attorney General has won two cases against companies charged with sending unsolicited fax ads to Idaho consumers.
A mortgage rescue plan to save hundreds of thousands of homeowners from foreclosure drew overwhelming Senate support Monday, inching toward passage despite Republican objections. The Senate voted 76-10 to advance the bill, a broad array of housing measures…
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July 8 (Bloomberg)—The yen rose against the euro and the pound on speculation widening mortgage industry losses will prompt investors to pare holdings of higher-yielding assets funded with the Japanese currency.
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