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.
Las Vegas Center Of Mortgage Fraud (18 Mar 2008) Mortgage fraud and associated predatory lending practices have become the focus of criminal investigations in Las Vegas, which is quickly emerging as the mortgage fraud capital of America.
Mortgage Leads - Mortgage Leads - Mortgage Leads (09 Mar 2008) There are hundreds of companies online selling mortgage leads. It is easy to get lost in the plethora mortgage lead companies that you find on search engine, and that solicit you on a daily basis VIA spam email.
Mortgage-relief bill rejected (31 Jan 2008) SACRAMENTO - Concerned about potential harm to the lending industry, legislative Republicans on Wednesday killed a proposed bill that Senate Democrats argued would have provided some relief to homeowners hit by the unprecedented mortgage crisis.
FBI investigating 14 companies for mortgage fraud (30 Jan 2008) WASHINGTON (CNN) -- Complaints about potential mortgage fraud are up during the subprime mortgage crisis, and the FBI has opened criminal investigations of 14 companies related to subprime mortgage loans, the agency said Tuesday.
Mortgage lender goes bankrupt (28 Jan 2008) With all the turmoil that's going on in the mortgage markets these days, there's one question that homeowners don't want to ponder but need to:
While you weren't watching ... (28 Jan 2008) With long-term mortgage rates sinking to their lowest level since March 2004, it looked like one of those golden opportunities to refinance the home or condo this week.
But many who rushed out to their banker or mortgage broker discovered that it is much more difficult to borrow money than it was even a few months ago.
The real estate crisis dragging down the rest of the U.S. economy has frozen the market for many borrowers. As prices fall and lenders wallow in a sea of losses, only those with gold-plated credit ratings and ample equity in their homes are sailing through the application process, mortgage bankers said.
What the Fed Cut Means For Your Mortgage (22 Jan 2008) On days like this, I think it's important to go back to the ol' mortgage primer and figure out exactly what all this news means to you, to your mortgage, to your home equity line and to your home's financial future. I've said it before, and I'll say it again: the 30-year fixed is not tied to short-term treasuries.
First NLC files Chapter 11 (22 Jan 2008) First NLC Financial Services LLC, the mortgage origination subsidiary of Friedman, Billings, Ramsey Group Inc., has filed for Chapter 11 bankruptcy protection.
Boca Raton, Fla.-based First NLC, a subprime residential mortgage lender, filed for Chapter 11 to pave the way for an orderly liquidation of its assets.
30-Year Mortgage Fall Below 6 Percent (19 Jan 2008) Rates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries intensified about the current economic slowdown.Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.69 percent this week, down from 5.87 percent last week.
Marylanders getting more mortgage help than many (19 Jan 2008) Marylanders in trouble on their mortgages are getting more help from their lenders than homeowners in the country as a whole, a new report suggests.
Even so, the number of homes that companies began foreclosure proceedings on last summer outpaced the number of homeowners they struck deals with, according to the survey of mortgage servicers released by the Mortgage Bankers Association yesterday.
The new subprime (15 Jan 2008) FHA is being labled as the new subprime in the mortgage industry.
Mortgage Trigger Leads (20 Dec 2007) Are mortgage trigger leads (trigger leads) worth buying? Our research revealed!
Mortgage Leads Slow Down (09 Dec 2007) Expect a slow down in mortgage lead generation over the holidays.