Mortgage News: Early in campaign, Sununu, Shaheen both focus on mortgage crisis

CONCORD, N.H.—With about seven months to go until their November rematch, both Republican Sen. John Sununu and Democrat Jeanne Shaheen are emphasizing an issue that hits many voters particularly close to home. Though New Hampshire's mortgage ... More... (Mortgage News)
Add a Comment , , , March 23rd, 2008

UK Mortgage & Real Estate: Freeze on mortgage lending to hit house prices

Freeze on mortgage lending to hit house prices Lenders are cutting back on loan deals which could topple the property market this year NATIONWIDE, Britain’s biggest building society, has warned that house prices could drop 5% this ... More... (Mortgage News, Real Estate News)
Add a Comment , , March 23rd, 2008

UK: Mortgage default fears feed the rise of opportunist sale-and-leaseback firms

FIRST THE Treasury, and then a powerful trade body, declared "the era of cheap mortgages is over" last week as a swathe of evidence exposed the extent of the looming crisis for UK homeowners. With mortgage ... More... (Mortgage News)
Add a Comment , , March 23rd, 2008

UK Mortgage News: Pleas for mortgage help surges by a third as debt fears grow

DEBT problems are surging according to Citizens Advice, which has reported that the number of people appealing for help with mortgage arrears in January and February was more than a third higher compared with 2007. Up ... More... (Mortgage News)
Add a Comment , March 23rd, 2008

Goldman Sachs to cut up to 15% of staff: report

NEW YORK -- Goldman Sachs Group Inc. plans to shed up to 15% of its work force, from its capital markets division and related support staff, the New York Post said on Friday. Citing sources familiar ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , March 22nd, 2008

U.S. Acts Further to Shore Up Stressed Mortgage Market

Moves for government-sponsored companies to take on an even bigger role in propping up the stressed U.S. mortgage market are the latest efforts to contain a financial panic undermining the U.S. economy. A 293-point fall ... More... (Mortgage News)
Add a Comment , March 21st, 2008

Mortgage News: Leery lenders demand more from borrowers

Banks remain wary of home loans; lending standards as strict as they were 20 years ago Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder ... More... (Mortgage Education, Mortgage News)
Add a Comment , , March 21st, 2008

Mortgage News: U.S. moves to free up funds for mortgages

Federal regulators relax capital requirements for Fannie Mae and Freddie Mac. The move could add $200 billion to the pool of money available for home loans. By E. Scott Reckard and Maura Reynolds March 20, 2008 Seeking ... More... (Mortgage News)
Add a Comment , March 20th, 2008

Mortgage News: Seven firms closed in Calif. mortgage fraud probe

LOS ANGELES — In August 2007, investigator Eric Bremner found evidence in a shredder at Olympic Escrow that he says confirmed borrowers' complaints that they had never signed the mortgage documents that pushed them into ... More... (Mortgage News)
Add a Comment , March 20th, 2008

Mortgage News: Mortgage Reforms Clear Senate

The Maryland Senate has unanimously approved mortgage lending bills aimed at addressing the state's rising foreclosure rate. Senators voted without debate to approve three bills. The measures include setting up a new crime of mortgage fraud ... More... (Mortgage Education, Mortgage News)
Add a Comment March 20th, 2008