Mortgage Loan Network

Today National Assn. of Realtors reports on existing-home sales for July. Treasury bill auction. via Los Angeles Times

“For me, it is a really special place; it is now my writing room, my planning room and my sit-and-absorb-what-has-happened room. If I ever need to calm down, the living room is an emotional place for me now. “The air flow is so great”

Tish Cohen will soon see her novel Town House made into a movie by a production company headed by Ridley Scott, director of films such as Gladiator , Alien and Blade Runner . via The Toronto Star

“The minimum that could be expected out of someone we go into a contract with is ethics. We can’t stand for what happened”

The El Paso Independent School District Board of Trustees on Tuesday fired the architect who earlier this month pleaded guilty to charges that he secured $25,000 using illegal practices to influence a sitting … via El Paso Times

“The value may have been there even two or three weeks ago, but no one was willing to recognize it.”

Accredited Home Lenders Holding Co shares rose 43 percent on Friday after Lone Star Funds said it was prepared to buy the subprime mortgage lender at a lower price than it previously agreed to pay. via BNET

President Bush outlined ways the federal government can help troubled borrowers keep their homes Friday in an effort to address rising foreclosures fueled by the mortgage crisis.

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Ameriquest Mortgage Co., the largest U.S. subprime lender as recently as 2005, is closing.

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President Bush’s proposals to help shore up the ailing mortgage market are at the center of a debate in Washington over how far government should go to help borrowers who got in over their heads.  By MSNBC.COM’s John W. Schoen.

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WASHINGTON —President George W. Bush on Friday announced a set of proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.

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President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.

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President Bush today unveiled a series of measures intended to help ease a wave of mortgage defaults, but he ruled out any federal bailout for lenders or for homeowners who bought properties they could not afford.

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