S&P quick to cut mortgage bonds
STANDARD & Poor’s has lowered ratings on US$23.4 billion of subprime and Alternative-A mortgage securities that were created as recently as June.
Mortgage Solution for San Diego Home Buyers
Mortgage broker firm in San Diego that gives home buyers multiple financing and debt management options.
Buy-to-let mortgage ‘unique in Europe’
The UK’s buy-to-let sector is unlike any other rented housing set up in Europe, according to a recent study carried out by Birmingham Midshires.
UK - 1 mil Credit Cards for Mortgage
More than one million households have use credit cards to pay their mortgage or rent, according to a YouGov poll.
Surprise, Surprise:The Subprime Mortgage Crisis And The Government…
…against minorities in the mortgage market. Now, the NYT reports — unwittingly, of course — that the current subprime mortgage crisis is in…
Amcore Financial 3rd-Quarter Earnings Fall to $1.9 Million on
Regional bank Amcore Financial Inc. said Thursday its third-quarter earnings fell 85 percent due to rising loan-loss provisions and losses on the…
Thornberg Mortgage: No Dividend In Q3, But Potential Remains
Thornburg Mortgage (TMA) had its 3rd quarter conference call yesterday and it was not pretty. Readers of my writing know I have been a…
Mortgage rates flat
Mortgage rates were flat this week as the housing industry continues to experience high inventories and slow sales, Freddie Mac reported Thursday.
Freddie Mac: Mortgage rates mixed
The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 6.11%, down from 6.12% a week ago and unchanged from a year ago.
Freddie Mac: 15-year fixed-rate mortgage averaged 6.08%
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Mortgage exec at center of NYC probe
A mortgage broker and part-time political donor is the focus of a widening probe into a scheme to defraud mortgage applicants — including some who
GMAC to cut jobs in mortgage unit
GMAC Financial Services said yesterday it was restructuring its mortgage unit, Residential Capital (ResCap) and cutting…
Mortgage Woes Slam Washington Mutual Earnings
Profits at Washington Mutual skidded some 70% in the third quarter to $210M ($0.23/share) from $748M ($0.77/share) a year ago, pressured heavily by
Homeowners have to pay more than just the mortgage…
The Boston Globe article: Mortgage payment just a start to figure how much house you can afford points out that home ownership comes with other costs…
Darling pleads for mortgage lenders to show caution
CHANCELLOR Alistair Darling today rapped irresponsible mortgage lenders for fuelling an “unsustainable” boom in house prices.