Homeowners go extreme in bid to unload homes

By J.W. ELPHINSTONE, Associated Press Frustrated as her house languished on the market for three straight summers, J.J. Rodgers is trying a new sales tactic: giving the two-story home away in an essay contest. Already, she's received ... More... (Foreclosure News, Education, and Updates, Mortgage News)
Add a Comment April 14th, 2008

Bill assists struggling homeowners

The legislation would allow judges to stop the clock on foreclosures for three months. By Jessica Fender The Denver Post An extra 90 days would go a long way toward helping bookkeeper Silvia Miranda keep her Thornton home. After ... More... (Foreclosure News, Education, and Updates, Mortgage News)
Add a Comment , April 14th, 2008

Wachovia negotiating for $7 billion infusion: report

SAN FRANCISCO (MarketWatch) -- Wachovia Corp could announce as soon as Monday that it is getting a capital infusion of as much as $ billion dollars from outside investors, according to a media report. terms of ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment April 14th, 2008

Troubled homeowners fall prey to “rescue” scams

By Nick Carey EASTPOINTE, Michigan (Reuters) - Among the byproducts of the U.S. housing crisis is a surge in scams that cheat people out of their money, their homes, or both, under the guise of offering ... More... (Foreclosure News, Education, and Updates, Mortgage Education, Mortgage News)
Add a Comment , April 11th, 2008

Welcome to the Party

Boston.com The latest victim of the mortgage crisis? How about the Mortgage Bankers Association. The trade group is scheduled to close on a new $100 million headquarters in Washington, D.C. this spring. But what once seemed ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment April 11th, 2008

Washington Mutual raising $7 billion

SEATTLE - Washington Mutual Inc., hit hard by rising delinquencies and defaults on mortgages, said Tuesday it will receive $7 billion in new capital from an investment group led by private equity firm TPG but ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , April 8th, 2008

Pending Home Sales Hit Low in February

By Alan Zibel, AP Business Writer New Low for Pending Home Sales in February Is Latest Sign of a Still-Tumbling Housing Market WASHINGTON (AP) -- Homeowners and investors hunting for any indication that the housing market has ... More... (Mortgage News, Real Estate News)
Add a Comment , April 8th, 2008

Washington Mutual Dropping Wholesale Mortgage Lending

Washington Mutual, once one of the largest residential Mortgage lenders will stop originating mortgage loans through independent mortgage brokers due to the ongoing mortgage crisis. However, WAMU will still originate mortgage loans through its retail ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , April 8th, 2008

US mortgage crisis may cost 945 bln dlrs worldwide: IMF

WASHINGTON (AFP) — The International Monetary Fund said Tuesday the worldwide losses stemming from the US subprime mortgage crisis could hit 945 billion dollars as the impact spreads in the global economy. The IMF, in a ... More... (Mortgage News)
Add a Comment , April 8th, 2008

Mortgage Interest Rates Lower Except In Los Angeles – Chicago Seattle Dallas Miami And Buffalo New York Lower In April

(Best Syndication) The mortgage interest rates have risen in the Los Angeles area since our last survey in March. Union Bank has a rate of 6.644 percent with fees of $584. Although Quicken Loans had ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , , , , , , April 8th, 2008
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