Mortgage News December 22, 2009
U.S. sales of existing homes soar 7.4% – LA Times
Existing Homeowners Head into Buyers’ Market – DSNews.com
Obtaining Additional Warehouse Lines a Critical Task for Mortgage Bankers – Mortgage News Daily
Housing Is Shaky With U.S. Aid. Without It? – WSJ
Freddie Mac: Director will not seek re-election – AP
Mortgage-Bond Yields Jump to 4-Month High, Boosting Loan Rates – Bloomberg
State sues three Miami foreclosure rescue firms – Sun Sentinel
Foreclosed homeowners get revenge through vandalism – KVUE.com
UBS: No Legal Action Against Former Execs Tied To Subprime – WSJ.com
Mortgage Lates Hit New High – The Truth About Mortgage
NY mortgage servicing firm to create 1,000 NC jobs – AP
Mortgage insurers surge on housing data – Marketwatch
Mortgage News December 21, 2009
U.S. Commercial Property Falls to Lowest in 7 Years - Bloomberg
Looking For New Markets, IBM Taps Subprime Loans – WSJ
At Top Subprime Mortgage Lender, Policies Were An Invitation To Fraud – HuffPost
Credit Suisse Group Takes Over Atlantic City’s Oldest Casino – Bloomberg
Chart: Performance by Mortgage Servicers -ProPublica
Las Vegas Woman Victim of Foreclosure Mistake – LasVegasNow.com
87.2 Percent of Mortgages Current – The Truth About Mortgage
Home Retention Acts Up, But Re-Default Rate Awful – The Truth About Mortgage
Sinbad Owes $8.15 Million to IRS -WebCPA
How The Fed’s Mortgage Subsidy Creates Inflation – The Business Insider
Mortgage News December 18, 2009
KB Home’s Finance Chief Exits After Three Months - WSJ
If Morgan Stanley Walks Away, Why Shouldn’t You? Firm Walks Away From 5 Properties – HuffPost
Freddie Mac Working on Green Rehab Mortgage -Affordable Housing Finance
Housing affordability down even in real estate slump – WaPo
Bank robber: ‘I need to pay my mortgage’ – AJC.com
Thornburg’s $11 billion servicing portfolio up for sale – Reuters
Moody’s Reviews $143 Billion of Jumbo-Mortgage Bonds for Cuts - Bloomberg
Shadow Inventory Estimated at 1.7 Million Properties – The Truth About Mortgage
Mortgage News December 17, 2009
4 Big Mortgage Backers Swim in Ocean of Debt – NY Times
Mortgage Activity Cooled in Third Quarter – The Truth About Mortgage
Ohio sues Barclays’ HomEq on mortgage servicing – Reuters
Luxury Homeowners in U.S. Use ‘Short Sales’ as Defaults Rise – Bloomberg
Bank of America defends performance in Making Home Affordable mortgage modification program – WaPo
U.S. mayors laud Philly’s Mortgage Foreclosure Prevention Program – Philly.com
Citi Offers Up Foreclosure Moratorium for the Holidays – The Truth About Mortgage
Mortgage Rates Jump Higher – The Truth About Mortgage
Fixed rate mortgages ‘less popular than ever’ – Mortgage.org.uk
Mortgage News December 16, 2009
Protesters at Chase NYC offices, want mortgage aid – AP
Chase to Open 24 New Mortgage Counseling Offices – The Truth About Mortgage
NatWest handed Al Qaeda terrorist 100% mortgage to buy £93,000 home he turned into a bomb factory – Daily Mail
Mortgage Demand Rises Despite Uptick in Rates – The Truth About Mortgage
ASF Model aims to boost risk retention in RMBS – Reuters
Wells Fargo Expands Use of Mortgage Payment Relief Programs – DSNews.com
Some fear appraisal reform bill too limited – Arizona Republic
The FOMC Statement and Expected Mortgage Rate Reactions – Mortgage News Daily
Extreme modifications: 2% mortgages – CNNMoney
Foreclosure Cancellations Rise 40% in California – HousingWire
Another ‘Extreme’ Home Faces Foreclosure -WSJ
15-Year Fixed Gains in Popularity – The Truth About Mortgage
Mortgage News December 15, 2009
Chase backlash: 1,000 homeowners protest at bank’s Manhattan HQ – Daily Finance
Credit Suisse Sued By MBIA Over Mortgage-Backed Securities – Bloomberg
Genworth: No mortgage insurance profit until 2011 – Reuters
Fannie, Freddie Overseer May Seek More Treasury Aid – Bloomberg
Announced plans to eliminate FHA oversight of mortgage brokers originating FHA-insured mortgages – NMP
New Mortgage Security Guidelines Planned – WSJ
Mortgage Insurers’ Claim Rejections Multiplying Lenders’ Pain – Insurance Networking News
Layoffs, office consolidation hits Tree.com -Charlotte Observer
SoCal Home Prices End Two Year Slide – The Truth About Mortgage
Zillow Adds Rental Listings – The Truth About Mortgage
Mortgage News December 14, 2009
Treasury Unleashes Foreclosure ‘SWAT Teams’ – NPR
Class action suit over mortgage? Hm, maybe – Orlando Sentinel
For and Against walking away from a mortgage – Modesto Bee
What’s So Great About 30-Year Fixed-Rate Mortgages? – WSJ
San Jose To Reward Banks That Help Homeowners Facing Foreclosure -Foxreno.com
Their doors are always open: Vacation home owners lobby for right to rent out properties as hotel rooms – Palm Beach Post
New distressed Manhattan properties top $12B – Crain’s New York
Support Grows for Fan-Fred Plan – WSJ
Citi To Raise At Least $20.5B In Capital To Pay Back TARP – WSJ
‘Substantial’ Bank Losses Are Needed to Fix Housing – Bloomberg
Baltimore Lender to Pay $425,000 in Settlement with FHA – HousingWire
Mortgage News December 11, 2009
U.S. House rejects mortgage “cramdown” measure – Reuters
Loss of Income Cited as Leading Cause of Foreclosure – The Truth About Mortgage
Mortgage Volume to Decline in 2010, Says Dorado – HousingWire
GMAC Mortgage Closes in West Hartford, Laying Off 84 Workers – Courant.com
Confessions of an Underwater Homeowner – WSJ
Lockhart Says Housing May Take ‘Another Leg Down’ - Bloomberg
Lender takes over Resorts in A.C. – Philly.com
McCollum Cautiously Optimistic of BoA Mortgage Help – The Jacksonville Observer
The 15 Shadiest Mortgage Lenders Being Backed By The Government – Clusterstock
Don’t Buy the Most Expensive House on the Block – The Truth About Realty
Wells Fargo to donate $25,000 to Bonniedale Farm fund – Projo.com
Mortgage Broker Lending Share Hits New Low – The Truth About Mortgage
Mortgage News December 10, 2009
How Just 60 Employees At Ginnie Mae Direct $826 Billion In Mortgage Lending – The Business Insider
PMI Needs Regulatory Aid as Shares Drop, Manager Says – Bloomberg
Home Values Fall By $489 Billion In U.S., Show Slowing Decline: Zillow – HuffPost
Foreclosures Down for Fourth Straight Month – The Truth About Mortgage
American Dream 2: Default, Then Rent – WSJ
Mortgage Rates Rise Off Record Lows – The Truth About Mortgage
Wells Fargo Cuts as Much as 30 Percent in Principal From Loans – Bloomberg
Gov’t Agency Helps Risky Lenders Keep Lending – ProPublica
Don’t declare victory too soon in crisis: Geithner – Reuters
Thugs Mount Home Invasion On Subprime Lending Mogul – Clusterstock
Bank of America Completes Just 98 Permanent Loan Modifications – The Truth About Mortgage
Household Net Worth Rises in Third Quarter. Mortgage Borrowing Down $370 Billion – Mortgage News Daily
Mortgage News December 9, 2009
The Bottom Line: Rents Now Cover Mortgage Costs! – iStockAnalyst
Only 10,000 Permanent Loan Modifications So Far – ABC News
FHA Suspends Lender for Overcharging Minority Borrowers -Reverse Mortgage Daily
JPMorgan CEO: Bank sees more mortgage losses – AP
Mortgage Applications Rise Despite Increase in Rates – The Truth About Mortgage
Dealers to Create Prime Mortgage Credit-Default Swaps – Bloomberg
Lewie Ranieri wants to fix the mortgage mess – CNN/Fortune
SEC sues Brookstreet Securities and its founder over sale of high-risk instruments – LA Times
Tough real estate choices for divorcing spouses – Boston.com
GMAC cutting 45 jobs in Charlotte -Bizjournals.com
Glocester farmer, evicted in foreclosure, seeks to compel care for animals – Projo.com
Homeowner Warning: Mortgage Payments Lost In Ginnie Mae Shuffle – Forbes.com
Credit Card Repayment a Higher Priority Than Mortgage – The Truth About Mortgage
