USA
Mortgage Daily: Mortgage Fraud Drop
Quarterly mortgage fraud activity dropped, according to the FraudBlogger Index published by
http://www.MortgageDaily.com. Some of the states with the most fraud
activity were also the states with the most foreclosures.
From July 1, 2008, to Sept. 30, 2008, $1.1 billion in active criminal
and civil cases of mortgage fraud were tracked by FraudBlogger.com.
Activity fell from $1.7 billion in the [...]
Mortgage Blog Roundup
Some great mortgage articles over at www.ThinkMoney.com today. Have pulled a few of them together:
House Prices, Who’s Talking, who’s listening?
‘Second wave’ of bank losses expected
Lehman bankruptcy could squeeze mortgage market
US Mortgage Market may help our loans
If you don’t read any of them, make sure you read the House Prices article, well written and has a [...]
Read Full Post | Make a Comment ( None so far )Lehman Brothers Bankruptcy Press Release
AS PREVIOUSLY ANNOUNCED, LEHMAN BROTHERS HOLDINGS INC. FILED CHAPTER 11; NO OTHER U.S. SUBSIDIARY OR AFFILIATE, INCLUDING ITS BROKER-DEALER AND INVESTMENT MANAGEMENT SUBSIDIARIES, WAS INCLUDED IN THE FILING
NEW YORK, September 15, 2008 – Lehman Brothers Holdings Inc. (“LBHI”) stated that it has filed a petition under Chapter 11 of the U.S. Bankruptcy Code with the [...]
Lehman bankruptcy rocks the world markets
The announcement of the Lehman Brothers bankruptcy after putting too much money into sub prime mortgage bonds.
Below is a link to an excellent article by The Guardian – an FAQ on the Lehman bankruptcy.
Could the US government have stepped in?
The US treasury has reached the limit of taxpayer funds it is willing to gamble on [...]
Mortgage News Roundup
Mortgage Article / Blog of the Week:
Nationalise Mortgage Lending
A thought provoking article from a premier UK politics blog.
Full Mortgage News roundup:
Major players who backed the $12 trillion US mortgage market
Mortgages: what a difference location makes
White House Blames Congress for Mortgage Takeover
Bankers: Mortgage takeover will benefit housing market
China and Japan hail US mortgage rescue as [...]
Mortgage rate retreats to pre-crunch low
Friday Roundup:
Mortgage rate retreats to pre-crunch low
Tips for remortgaging in a credit crunch
Boom in rental market
Mortgage Rates Come Down
Why consider a Lifetime Mortgage?
The basics of a mortgage
The Essentials On Bad Credit Mortgage Refinancing
If you are a homeowner with less than desirable credit, you can still refinance your current mortgage with a competitive loan offer. Poor credit will not prevent you from refinancing your mortgage; it simply means you will have to work harder to do it. Here is what you need to get started refinancing your mortgage [...]
Read Full Post | Make a Comment ( None so far )FRB: Press Release–Annual adjustment of fee-based trigger for additional mortgage loan disclosures
The Federal Reserve Board on Tuesday published its annual adjustment of the dollar amount of fees that triggers additional disclosure requirements under the Truth in Lending Act for home mortgage loans that bear rates or fees above a certain amount.
The dollar amount of the fee-based trigger has been adjusted to $583 for 2009 based on [...]
August 2008 Issue of Condé Nast Portfolio
New York — On June 12, senior editor Daniel Golden disclosed on Portfolio.com that Senators Christopher Dodd and Kent Conrad, among others, were involved with Countrywide Financial in a V.I.P.-loan scandal. In the August issue of Condé Nast Portfolio, Golden takes an exclusive and comprehensive look inside former Countrywide C.E.O. Angelo Mozilo’s secret effort [...]
Read Full Post | Make a Comment ( None so far )Bankrate: Mortgage Rates Fall But Spreads at 22-Year High
Mortgage rates retreated, with the average conforming 30-year fixed mortgage rate falling to 6.66
percent. According to Bankrate.com’s weekly national survey of large
lenders, the average 30-year fixed mortgage has an average of 0.4 discount
and origination points.
The average 15-year fixed rate mortgage popular for refinancing dropped
to 6.18 percent, while the average jumbo 30-year fixed rate is now [...]
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