Housing in Peril as Obama Fails to Get Breakthrough - Bloomberg

June 29th, 2009 by admin
Housing in Peril as Obama Fails to Get Breakthrough
Bloomberg
After the Federal Reserve pledged to acquire as much as $1.25 trillion in mortgage-backed securities to free up money for home loans, mortgage rates fell to

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Fannie Sees Jump in Overdue Home Loans - Wall Street Journal

June 29th, 2009 by admin
Fannie Sees Jump in Overdue Home Loans
Wall Street Journal
The government-backed mortgage investor said in a monthly summary released Monday that 3.42% of the single-family mortgages it owns or guarantees were 90
Fannie portfolio jumps 35 pct, delinquencies mountReuters
Feeding Off FreddieForbes
Mortgage politicsPress-Enterprise

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Mortgage Insurer PMI Broadening Loan-Modification Effort - Wall Street Journal

June 26th, 2009 by admin

Northwest Asian Weekly
Mortgage Insurer PMI Broadening Loan-Modification Effort
Wall Street Journal
PMI Mortgage Insurance Co. (PMI) is expanding its loan-modification efforts to include all mortgages insured by it, not just Home Affordable Refinance
Mortgage Loans: Finding the Best Mortgage LoanMonitorBankRates.com
Mortgage Refinancing Steps And DIY PointersPressemeldungen.at (Pressemitteilung)
PMI Expands Refinance-to-Modification ProgramCNNMoney.com (press release)
OpEdNews -OpEdNews
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Patrick Fitzgerald cracks down on Chicago area mortgage fraud - Chicago Sun-Times

June 26th, 2009 by admin

Courthouse News Service
Patrick Fitzgerald cracks down on Chicago area mortgage fraud
Chicago Sun-Times
Between 2002 and 2007, the defendants allegedly fraudulently obtained mortgage loans in excess of $10 million on approximately 70 residential properties
Forty-One Defendants Named In Mortgage Fraud Cases In ChicagoMortgageorb
37 charged in Ill. mortgage fraud crackdownForbes
Feds allege mortgage fraud in 5 Chicago schemesChicago Tribune
ESPN -Chicago Daily Herald -Chicago Sun-Times
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National Housing Bank to Borrow 90 Billion Rupees - Wall Street Journal

June 25th, 2009 by admin
National Housing Bank to Borrow 90 Billion Rupees
Wall Street Journal
However, a raft of rate cuts since October have prompted lenders to lower their interest rates, which should push up demand for new home loans. Mortgage

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Forty-One Defendants Named In Mortgage Fraud Cases In Chicago - Mortgageorb

June 25th, 2009 by admin

Courthouse News Service
Forty-One Defendants Named In Mortgage Fraud Cases In Chicago
Mortgageorb
is accused of defrauding GMAC Bank out of approximately $15 million in funding more than 450 fictitious residential loans. "Mortgage fraud is a serious
Patrick Fitzgerald cracks down on Chicago area mortgage fraudChicago Sun-Times
Authorities Issue Mortgage-Fraud ChargesWall Street Journal
Feds allege mortgage fraud in 5 Chicago schemesChicago Tribune
ESPN -Forbes -Chicago Daily Herald -Courthouse News Service
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US MBA Mortgage Applications Index Rose 6.6 Percent Last Week - Bloomberg

June 24th, 2009 by admin

Examiner.com
US MBA Mortgage Applications Index Rose 6.6 Percent Last Week
Bloomberg
The Mortgage Bankers Association's index of applications to purchase a home or refinance a loan rose 6.6 percent to 548.2 in the week ended June 19, from 514.4 the prior week. The group's purchase index advanced to the highest level in two months,
US mortgage applications climb from 7-month low Reuters
Mortgage bankers cut U.S. loan origination forecast Los Angeles Times
MBA predicts fewer home loans The Business Journal of the Greater Bizjournals.com
Christian Science Monitor - Los Angeles Times
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Citi Unit Halts Mortgage Applications on Missing Data - Bloomberg

June 24th, 2009 by admin
Citi Unit Halts Mortgage Applications on Missing Data
Bloomberg
The correspondent division, which buys loans from banks and independent mortgage firms, stopped accepting new loans at 5 pm yesterday and will restart July 6, Citigroup said in a June 22 letter to clients. The New York-based company said it will use
Citigroup takes bold steps to ensure mortgage quality Examiner.com
Citi unit suspends mortgage applications-Bloomberg Reuters India
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Red Roof Defaults on 4 Mortgage Loans, Realpoint Says - Bloomberg

June 23rd, 2009 by admin

CNBC
Red Roof Defaults on 4 Mortgage Loans, Realpoint Says
Bloomberg
By Nadja Brandt June 23 (Bloomberg) — Red Roof Inns Inc., the hotel company acquired in a Citigroup Inc.-led buyout for $1.3 billion two years ago, defaulted on four loans totaling $361.4 million, credit rating company Realpoint LLC said.
Red Roof defaults on $361 million commercial loans Reuters
Red Roof Inn Defaults Wall Street Journal
Red Roof Inn in talks with lenders on mortgages Forbes
CNBC
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Patrick Fitzgerald cracks down on Chicago area mortgage fraud - Chicago Sun-Times

June 23rd, 2009 by admin
Patrick Fitzgerald cracks down on Chicago area mortgage fraud
Chicago Sun-Times, United States
Between 2002 and 2007, the defendants allegedly fraudulently obtained mortgage loans in excess of $10 million on approximately 70 residential properties throughout Chicago, including many on the city's south side in and around the Englewood
Authorities Issue Mortgage-Fraud Charges Wall Street Journal
37 charged in Ill. mortgage fraud crackdown Forbes
Feds allege mortgage fraud in 5 Chicago schemes Chicago Tribune
ESPN - Chicago Breaking News - Tribune
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