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
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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FIRST-TIME house buyers are having a tougher time getting a mortgage as a result of the “credit crunch” and falling property values.
Banks are only willing to lend most new borrowers a maximum of 92% ...
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HOUSING: Lenders get tough as areas such as the South Bay grow in risk. Some insurers rate the region as `distressed.
By Muhammed El-Hasan, Staff Writer
Article Launched: 03/20/2008 11:24:51 PM PDT
Warren Snyder, who co-owns Carriage Realty ...
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COLUMBIA, S.C. (AP) — The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy.
Retirement systems in South Carolina ...
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As Fannie Mae and Freddie Mac trim their reserves, they will need closer regulation.TO UNDERSTAND Wednesday's decision by federal regulators to let Fannie Mae and Freddie Mac set aside less cash to protect against losses, ...
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Standard Form Would Provide Details on Terms and Costs to Borrowers
A federal proposal announced yesterday aims to give mortgage borrowers clearer information about their loans and encourage them to shop around for the best deals.
Housing ...
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More-stringent lending standards are aimed at avoiding more problems, but analysts say banks have already implemented the needed changes
Many U.S. mortgage lenders and home builders have already been brought to their knees as contagion from ...
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Countrywide Financial Corp. said the foreclosure rate on its 9 million mortgages rose to 1.64 percent last month from 0.8 of a percent in February 2007.
The Calabasas-based mortgage lender had a 1.48 percent foreclosure rate ...
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WASHINGTON (Reuters) - Two top lawmakers proposed on Tuesday giving the Federal Housing Administration (FHA) a bigger role in tackling the nation's worsening home mortgage and foreclosure crisis.
Under legislation unveiled by the lawmakers, the FHA ...
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