Homeowner rescue legislation (19 May 2008) WASHINGTON - President Bush, acknowledging the economic "tough times" for many Americans, said Monday that he remains opposed to any homeowner rescue legislation that would be a bailout for lenders.
Mortgage payment is struggle for some (19 May 2008) Most Utah homeowners are coping in the current housing market, but some people who have adjustable-rate mortgages say they are having difficulty making their house payments, according to a recent poll.
Foreclosures are Worse (19 May 2008) In a sign that the mortgage collapse is getting worse, not better, foreclosure filings surged 65% in April from April 2007, leading some analysts to warn that the crisis might not end before 2010.
One in every 519 households received a foreclosure filing — the highest such figure since RealtyTrac began issuing foreclosure reports in January 2005. Nationally, 243,353 homes were facing foreclosure last month, RealtyTrac said. That amounts to roughly 2% of all homes.
Smart Choice for Lead Buyers (06 May 2008) Press Release - New Smart Choice Program by Leadbull.com. Just released new $495 or $995 per month Unlimited Lead Program
Fannie Mae loses $2.2B in 1Q (06 May 2008) WASHINGTON - Fannie Mae reported losses of $2.2 billion in the first quarter and the nation's largest buyer of home loans said Tuesday it would cut its dividend and raise $6 billion in new capital, with expectations that the housing slump will persist into next year.
Bush Expands Mortgage Help (22 Apr 2008) BUSH ADMINISTRATION TO EXPAND MORTGAGE HELP Expanded FHASecure able to help half a million homeowners stay in their homes by cutting mortgage payments
Over 200 Lenders Close Doors (16 Apr 2008) In 2007 Over 200 Lenders Shut Doors and or close down operations. See the list.
Arrests halt huge mortgage-fraud scam (11 Apr 2008) Mortgage Fraud Alert: Six men have been charged with felony theft and welfare fraud in Marion County, Indianapolis Housing Agency officials said.
Little give on mortgage rates (02 Apr 2008) The Federal Reserve has cut interest rates three percentage points since September
First Direct suspends low-cost loans (02 Apr 2008) FIRST Direct, the British online and telephone banking unit of HSBC Holdings Plc, has suspended mortgage lending to new customers after a low-rate home loan caused applications to rise fivefold.
National City is considering an outright sale to KeyCorp. (02 Apr 2008) A day after National City Corp. said it was considering strategic options a report said the struggling bank, hurt by the worsening mortgage and housing market
How Does a Fed Cut Affect Mortgage Rates (18 Mar 2008) You hear quite a bit lately that "the Fed is cutting the interest rate." Maybe you've been considering a refinance, and you're waiting to move forward till the Fed takes action again.