Mortgage News February 9, 2010
No Exit in Sight for U.S. As Fannie, Freddie Flail – WSJ
FBI: Mortgage fraud fastest growing white collar crime -St. Louis Globe-Democrat
BofA spent $1.18M lobbying government in 4Q – Forbes
Why is the APR Lower Than the Mortgage Rate? – The Truth About Mortgage
Foreclosure sales are ’sizzling’ – Mortgage Insider
Pulte Homes Reports 13th Straight Loss on Writedowns – BusinessWeek
Mortgage News February 8, 2010
Homeowners rent out rooms to stave off foreclosure – Mercury News
Recent appraisal rules open door to shady middlemen – TampaBay.com
Fed to Outline ‘Exit Strategy’ – WSJ
GMAC moving Ditech operations out of Costa Mesa – Bizjournals
Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6%, Fitch Says – Bloomberg
Now Get Rewarded for Simply Paying the Mortgage – The Truth About Mortgage
Select Portfolio wins Thornburg’s $11 bln portfolio – Reuters
Fannie Mae exec, knitting teacher list 3BD condo for over $1.199M – Blockshopper
Bank of America Screws Even Ex-Employees Of 21 Years On Mortgages – Consumerist
Mortgage News February 5, 2010
Mortgage-Bond Prepayments Slow More Than Expected, Analysts Say – Bloomberg
Official says Fed might buy more mortgage-backed securities – WaPo
How troubled mortgage insurer Radian redeemed itself – Philly.com
Fewer homeowners see home values falling – Reuters
Another Wave Of Defaults Set To Hit Mortgage Backed Securities – Business Insider
Jay-Z Sues Investment Firm, Faces Foreclosure On Development Loan – Avvo
Upfront Fees on Loan Modifications Set to be Banned – The Truth About Mortgage
Mortgage Bankers Association Sells Headquarters at Huge Loss – The Truth About Mortgage
Mortgage News February 4, 2010
Mortgage Rates Back Over Five Percent – The Truth About Mortgage
Mortgage Delinquencies Pass 10%: LPS – HousingWire
Are Second Mortgages the Achilles Heel of a Housing Recovery? – WSJ
Home Values Likely Reaching Bottom: PMI – HousingWire
Subprime Mortgage Scam was “Blessed” by the Rabbi – Gothamist
State Shuts Down Fake Mortgage Company – WWJ
Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo – ProPublica
GMAC Posts 4Q Loss On Year-Earlier Gain,Mortgage Ops Loss -WSJ
Million Dollar Home Sales Decline for Fourth Straight Year in California – The Truth About Mortgage
Mortgage News February 3, 2010
Mortgage Demand Heats Up – The Truth About Mortgage
Regulator to Block New Loan Products from Fannie, Freddie – WSJ
More Arguments Favor Walking Away from a Mortgage – WSJ
Bank of China tightens mortgage loans – Trading Markets
ResCap to Cut More Than 300 Jobs – The Truth About Mortgage
Mortgage modification company leaves customers high and dry – AZFamily
More than 5 Million Homes Will be Worth Less than 75% of Their Mortgage – Daily Finance
To Revive The Private MBS Market, Think Big–As In Jumbos – WSJ
What to Pay First? Mortgage or Credit Card? – The Truth About Mortgage
Mortgage News February 2, 2010
China denies discussing dumping US mortgage bonds – China Daily
Rising FHA default rate foreshadows a crush of foreclosures – WaPo
Could Cars Have Caused the Mortgage Meltdown? – Wired
Flagstar Reports 2009 Financial Results – Benzinga
Q4: Homeownership Rate Declines to Early 2000 Level – CalcRisk
More Than Nine Percent of FHA Loans Seriously Delinquent – The Truth About Mortgage
Mortgage Rates Steady Near What Might Be The Best Levels of the Year – Mortgage News Daily
Pending Home Sales Inch Up in December – HousingWire
Most Undervalued Cities in the United States – The Truth About Realty
Mortgage People Depressed About Lack Of Showgirls At Conference – Dealbreaker
Mortgage News February 1, 2010
US mortgage pros measured on private capital return – Reuters
Fannie, Freddie seen tapping $153 bln from Treasury – Reuters
Duplicity in mother-of-all mortgage walkaways – MSNBC
I’m walking from my underwater mortgage – New York Post
Get a ‘mulligan’ after foreclosure? – Mortgage Insider (bad idea)
HUD boosts staff in Las Vegas to handle foreclosures – Las Vegas Sun
MBA: 13% of Commercial Mortgages to Mature in 2010 – HousingWire
Fannie and Freddie Seek To Force Banks To Repurchase Flawed Loans – StreetInsider
When A Homeowner’s Best Move Is Turning Over The Keys – Forbes
Michael Jackson’s Las Vegas Rental House Sells for $3.1 Million – Bloomberg
Mortgage News January 29, 2010
Fed’s exit seen having minimal impact on mortgage rates – Marketwatch
Fannie Mae Pays the Closing Costs – The Truth About Mortgage
HAMP Modifications Will Require Income Documentation Upfront – The Truth About Mortgage
Ask a real estate professional: Will a short sale keep me from getting another mortgage? – House Keys
Treasury Announces $6.2 Billion Investment In Troubled Mortgage Program – Nasdaq
Option ARMs Surpass Subprime Mortgages in Loss Severity – HousingWire
Long commutes make risky borrowers, study says – SFGate
Lenox Financial Mortgage violates state mortgage regulations, to pay fine – AJC
Mortgage News January 28, 2010
Mortgage Rates Trickle Down – The Truth About Mortgage
Homebuyer Tax Credit Likely Extended if Recovery Stalls: John Burns – HousingWire
Fitch Ratings: Challenges Will Continue for U.S. Mortgage Insurers – InsuranceNewsNet.com
New-Home Sales Fall, Capping Worst Year – Bloomberg
Mortgage Bulls Bid Fed Adieu – WSJ
Cash Out Refinancing Hits All Time Low, Cash In Hits High – The Truth About Mortgage
Family Out on the Street After Mortgage Modification Fiasco – San Fernando Valley Sun
Freddie Mac Dec portfolio down, delinquencies jump – Reuters
Lenders Pursue Mortgage Payoffs Long After Homeowners Default – Bloomberg
Countrywide Fails to Add Promised Texas Jobs – The Truth About Mortgage
Most Overvalued Cities in the United States – The Truth About Realty
Mortgage News January 27, 2010
AIG failure would have meant ‘complete collapse’ of financial system, Paulson says – LA Times
New home sales fall 7.6% to 9-month low – Marketwatch
Pennsylvania Mortgage Relief Wins Fans – WSJ
Lack of Refinancing Drags Mortgage Demand Lower – The Truth About Mortgage
Double Standard: Of Morals and Mortgages – Time
S&P, Moody’s Win Dismissal of Claims Over Mortgage Securities – Bloomberg
CEO of Freddie Mac defends mortgage giant – Detroit News
Second Mortgage Loan Modifications In the Works – The Truth About Mortgage
Ameriquest settles 29 class-action lawsuits – LA Times
California Mortgage Defaults Drop 24 Percent, But More Homes Lost to Foreclosure – The Truth About Mortgage
