Mortgage lender Countrywide Financial Corp (CFC.N: Quote, Profile, Research) on Tuesday defended its treatment of borrowers who have filed for bankruptcy and pledged to hire an independent auditor to review the company's practices.
"This type of ...
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, Countrywide, mortgages May 6th, 2008
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In California, the number of severely delinquent mortgage accounts increased 35 percent
IRVINE, Calif., April 30 /PRNewswire-FirstCall/ -- Many U.S. homeowners
continue to weather the current credit crunch and real estate market
conditions, as ...
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AP
LOS ANGELES (AP) — Countrywide Financial Corp. said Tuesday it lost $893 million in the first quarter, as rising loan defaults amid a deepening housing downturn forced the nation's largest mortgage lender and servicer to ...
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Existing home sales fall for seventh time in the past 8 months as housing slump continues
WASHINGTON (AP) -- Sales of existing homes fell in March, the seventh drop in the past eight months, as the ...
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The Associated Press
CLEVELAND (AP) — National City Corp., a largely Midwestern bank reeling from steep mortgage losses, said Monday it had secured a $7 billion cash infusion from equity investors but slashed its dividend and ...
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The Associated Press
Legislation by Rep. Barney Frank, D-Mass., the House Financial Services Committee chairman, would relax the Federal Housing Administration's underwriting standards to allow the hardest-pressed homeowners to qualify for government-backed loans.
That includes people ...
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Augusta Chronicle
The U.S. Senate quickly and overwhelmingly passed a costly bill addressing the mortgage crisis.
It has money to help the banking industry, which was the perpetrator of this crisis. It would give builders help ...
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The Mortgage Bankers Assn. says the measure would raise interest rates, but critics contend this claim is based on faulty data.
Sherrie Floyd says she was able to handle the first reset on the $505,000 mortgage ...
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McLEAN, VA - Freddie Mac released the results of its Primary Mortgage Market Survey® in which the 30-year fixed-rate mortgage (FRM) averaged 5.88 percent with an average 0.4 point for the week ending April 17, ...
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