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Grim Foreclosure Numbers Spur Mortgage Reform Bills (WXIA-TV Atlanta)
ATLANTA – Metro Atlanta’s foreclosure notices jumped a whopping 27% this month over January. That bad news is sure to spur on some state lawmakers who’re trying to reform Georgia’s mortgage laws and crack down on fraud. Read more from the original source: Grim Foreclosure Numbers... [Read more]
Mortgage Mess Breeds Unlikely Allies – Wall Street Journal
Mortgage Mess Breeds Unlikely Allies Wall Street Journal Bruce Marks, a community activist from Boston, has long denounced investors in mortgage securities as “predators,” accusing them of … and more Read More →
Goldman’s Response to the New York Times – Huffington Post (blog)
Reuters Goldman's Response to the New York Times Huffington Post (blog) Goldman Sachs, like most other financial firms, was long the mortgage market at the end of 2006. In order to bring our exposure closer to flat, … SEC Investigating Goldman Over AIG Collapse DailyFinance About this author:... [Read more]
Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates (Fox News)
Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates View original post here: Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates (Fox News) Read More →
Lawsuit accuses mortgage brokers of targeting seniors (ABC 7 Chicago)
Illinois Attorney General Lisa Madigan has filed a lawsuit against two mortgage brokers, accusing them of using deceptive marketing to solicit senior citizens for reverse mortgages. Continue reading here: Lawsuit accuses mortgage brokers of targeting seniors (ABC 7 Chicago) Read More →
Aaxa Mortgage gets second life (WWAY 3 Wilmington)
Video Body A Wilmington-based mortgage company will remain open, thanks to the help of a West Coast bank. Aaxa Mortgage was forced to close its doors last week after an agreement with another bank went bad. As of Friday, Aaxa’s 60 employees were without jobs. Now things are looking considerably... [Read more]
HAMP Champ: What Ever Happened to That Obama Mortgage Modification Plan? (ABC News)
One year ago this month, the President announced a plan to alleviate the housing crisis. So, why have so few receieved mortgage modifications to date? Mortgage – President of the United States – United States – Business – Financial Services The rest is here: HAMP Champ: What Ever... [Read more]
American Capital Agency Corp. Q4 2009 Earnings Call Transcript – Seeking Alpha (blog)
American Capital Agency Corp. Q4 2009 Earnings Call Transcript Seeking Alpha (blog) Early in 2009 we felt that the best investment was to purchase high coupon mortgage securities backed by weaker credit borrowers. … American Capital Agency Says Earnings Rose in 4Q ABC News American Capital Agency... [Read more]
Jumbo Loan Rates: Jumbo Mortgage Rates Suffer from Delinquencies Near 10% – FreeRateUpdate.com
FreeRateUpdate.com Jumbo Loan Rates: Jumbo Mortgage Rates Suffer from Delinquencies Near 10% FreeRateUpdate.com Prime (good credit) jumbo mortgage delinquencies of 60 days or more rose to 9.6% in January. About 66% of these jumbo loans are in 5 states alone, … Jumbo Mortgage 'Serious Delinquencies'... [Read more]
FTC Proposes Rule That Would Bar Mortgage Relief Companies from Charging Up-Front Fees (RISMedia Real Estate News)
RISMEDIA, February 9, 2010—The Federal Trade Commission (FTC) moved to protect distressed homeowners from the promoters of bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge up-front for these services. Instead,… Read more: FTC... [Read more]
State sues Woodridge mortgage company over deceptive marketing (Daily Herald)
Attorney General Lisa Madigan filed lawsuits against two mortgage brokers, accusing them of using unfair and deceptive marketing practices to solicit seniors for reverse mortgages. See the original post: State sues Woodridge mortgage company over deceptive marketing (Daily Herald) Read More →
Today’s Lowest FHA Mortgage Interest Rates – Current Rates Around 4.85% – Subprime Blogger (blog)
FreeRateUpdate.com Today's Lowest FHA Mortgage Interest Rates – Current Rates Around 4.85% Subprime Blogger (blog) Today's lowest FHA mortgage interest rates are around 4.85% for the 30 year fixed mortgage rate. The conventional 30 year fixed mortgage rate is coming in … Find Mortgage... [Read more]
Marchant Unveils "Mortgage E-Verify Act" – Trading Markets (press release)
eCreditDaily.com Marchant Unveils ” Mortgage E-Verify Act” Trading Markets (press release) Washington, DC – Congressman Kenny Marchant (TX-24) issued the following release today after unveiling his new bill, HR 4586 the Mortgage E-Verify Act. “As … Prosecutor, Charge Thyself... [Read more]
Mortgage Bankers Association Sells Its Headquarters Short, Loses MILLIONS – Huffington Post (blog)
Bizjournals.com (blog) Mortgage Bankers Association Sells Its Headquarters Short, Loses MILLIONS Huffington Post (blog) The Washington Post reports that the Mortgage Bankers Association, the trade group that represents about 2400 real estate finance companies, … Mortgage Assoc. owes lenders more... [Read more]
State Street to Pay Mortgage Securities Investors $300 Million (BankTech)
Firm settles with the SEC over charges it misled investors about subprime mortgage investments. See the original post here: State Street to Pay Mortgage Securities Investors $300 Million (BankTech) Read More →
Hamp Champ: What Ever Happened to That Obama Mortgage Modification Plan? – ABC News (blog)
DSNews.com Hamp Champ: What Ever Happened to That Obama Mortgage Modification Plan? ABC News (blog) Because far from the 3-4 million the president had said the HAMP program would help, only 66465 Americans have received permanent mortgage modifications. … Fifth Third Mortgage Company Sees Success... [Read more]
American Capital Agency Says Earnings Rose in 4Q – ABC News
American Capital Agency Says Earnings Rose in 4Q ABC News AP American Capital Agency Corp. reported sharply higher earnings for the fourth quarter of 2009 Monday as the government-backed mortgage securities it … American Capital Agency Q4 profit beats estimates Reuters AGNC Reports $1.79 Earnings... [Read more]
Fed to Outline ‘Exit Strategy’ – Wall Street Journal
UPI.com Fed to Outline 'Exit Strategy' Wall Street Journal The nature of its exit from today's unusually low interest rates will affect everything from mortgage rates and what companies pay on short-term borrowings … Fed's Bullard: Housing should be key in reform Reuters Fed's... [Read more]
Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% – BusinessWeek
Jumbo Mortgage 'Serious Delinquencies' Rise to 9.6% BusinessWeek Jumbo home loans are larger than government-supported mortgage companies Fannie Mae or Freddie Mac can finance. Their limits now range from $417000 in most … Fitch Says Prime Jumbo RMBS Near 10% Delinquent Housing Wire all... [Read more]
Mortgage group has mortgage trouble (St. Louis Post-Dispatch)
If there’s any group that should be wise to the dangers of too much debt, it’s the Mortgage Bankers Association. The Wall Street Journal reports today, however, that the association took a big loss on the sale of its office building. Read this article: Mortgage group has mortgage trouble (St. Louis... [Read more]
Mortgage Assoc. owes lenders more than HQ’s worth – Baltimore Sun (blog)
Mortgage Assoc. owes lenders more than HQ's worth Baltimore Sun (blog) The Wall Street Journal is reporting that the Mortgage Bankers Association, the country's premier mortgage trade group, is selling its headquarters for … See the original post here: Mortgage Assoc. owes lenders more... [Read more]
Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6%, Fitch Says – Bloomberg
Jumbo Mortgage 'Serious Delinquencies' Rise to 9.6%, Fitch Says Bloomberg Jumbo home-loans are larger than government-supported mortgage companies Fannie Mae or Freddie Mac can finance. Their limits now range from $417000 in most .. Excerpt from: Jumbo Mortgage ‘Serious Delinquencies’... [Read more]
