Friday, April 30, 2010

Proposal to Increase FHA Downpayment Voted Down in Committee (source: Mortgage News Daily)

Posted To: MND NewsWireOn Tuesday the House Financial Services Committee approved a request by the Federal Housing Administration (FHA) to raise the ceiling on annual FHA mortgage insurance premiums from its current level of 0.55 percent. FHA had requested... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Retire to Mexico -- the price is right (source: CNN)

The years-long trend of Americans buying homes and expatriating to Mexico has collapsed, done in by a trifecta of the recession, swine flu and an epic crime wave. (source: CNN) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Can MBS Hold Their Gains With a Busy Econ Calendar Ahead? (source: Mortgage News Daily)

Posted To: MBS CommentaryFannie 4.5's end up 3 ticks at 100-17 10yr yields and at the lows of the day 3.73 (down from just over 3.76 yesterday) Stocks meet resistance at 1209 More Data than normal tomorrow, including GDP, Chicago PMI, Employment Cost Index... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Feds Probe Goldman Mortgage Trading (source: Big News Network)

WSJ.COM - Federal prosecutors are conducting a criminal investigation into whether Goldman Sachs Group Inc. or its employees committed securities fraud in connection with its mortgage trading, people ... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Treat customers better, mortgage firms are told (source: Big News Network)

WASHINGTON - The Treasury Department is planning to rate mortgage companies on how they treat customers as part of the Obama administration's $75 billion foreclosure relief effort. The new report wil... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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London and Country Win Money Marketing Best Mortgage Adviser Award (source: Big News Network)

(1888PressRelease) - London and Country were named Best Mortgage Adviser at the prestigious Money Marketing awards at the end of MarchThis is the fifth time L&C have won this award in the past seven y... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Options for couple with two mortgages (source: Big News Network)

Options exist for couple with two hefty mortgages Q:My son and his wife built a house several years ago at the top of the market. Last year, they decided to take advantage of slightly depressed real e... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Santander boosts mortgage share (source: The Independent)

Spanish banking giant Santander today said UK profits increased by more 15% after it lifted its share of the mortgage market to 20% in the first three months of the year. (source: The Independent) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Mortgage Rates Mostly Unchanged Near Aggressive Levels (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchMortgage rates yesterday improved from the pricing lenders were offering on Tuesday morning but were a few basis points above the levels seen after lenders repriced for the better on Tuesday afternoon. While it seems like head... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Thursday, April 29, 2010

Is HAMP On Last Leg? Administration Pressures Loan Servicers for More (source: Mortgage News Daily)

Posted To: MND NewsWireTreasury Secretary Geithner today appeared before the Senate Financial Services and General Govt. Subcommittee. On the agenda was.... Holding Banks Accountable : Are Treasury and Banks Doing Enough To Help Families Save Their Homes? ... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Homebuyers rush to take advantage of tax credits (source: Big News Network)

FILE - In this April 5, 2010 photo, Joann Weber, of Midtown Realty, changes the sign from "Sale Pending" to "Sold" at a home that just sold in Palo Alto, Calif. Real estate agents are working seven da... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Is HAMP On Last Leg Administration Pressures Loan Servicers for More (source: Big News Network)

"As you have recognized, Mr. Chairman, solving these problems is crucial to our economic recovery. For most Americans, their house is their most important financial asset, and as the financial cr... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Bonds Extend Rally Around Technical Trends. Locks On Hold Into Close (source: Big News Network)

Fannie 4.5's up 7 ticks at 100-21 10's down a few bps from 7yr auction time at 1pm from 3.75 to 3.73 Stocks pausing at resistance, while bonds catch a 2nd wind from theirs. 10yr chart is getti... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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No 'frenzy' to beat homebuyer tax credit deadline (source: CNN)

The $8,000 homebuyer tax credit has had an impact: Reports from around the nation are that contract signings have been way up the past few weeks as people prepare for the credit to expire on Friday. (source: CNN) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Homebuyers rush for tax credits (source: Big News Network)

Thursday, April 29, 2010 at 1:59 p.m. MAD DASH: Homebuyers are scrambling to take advantage of tax credits that expire Friday. To qualify, buyers must have a signed contract in hand by the deadline... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Santander boosts mortgage share (source: The Independent)

Spanish banking giant Santander today said UK profits increased by more 15% after it lifted its share of the mortgage market to 20% in the first three months of the year. (source: The Independent) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Intervest National Bank Announces the Launch of “I ... - PR Inside (source: Big News Network)

Intervest National Bank Announces the Launch of “I-NetMortgageClearingHouse.com”, a National Website Connecting Buyers and Sellers of Real Estate Mortgages (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Foreclosure easing in big cities but still spreading (source: CNN)

Foreclosure filings declined in more than half of the country's worst-hit spots in the first three months of 2010. But that doesn't mean the healing has begun. (source: CNN) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Compare loans, mortgages, credit cards, insurance, gas ... - The Press in York (source: Big News Network)

Banking chief Sir Philip Hampton has been a victim of credit card fraud, he has revealed.The RBS chairman said his card details have been stolen two or three times by people in remote parts of the wor... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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US auto town hit by foreclosures - 23 Dec 09

As the US economy struggles out of recession, home foreclosures have touched the one million mark. Those foreclosures have hit the long-suffering city of Flint, Michigan, particularly hard. Once the home of General Motors, this declining city is now thinking of returning back to nature. Al Jazeera's Cath Turner reports.
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Tenant's Home Foreclosed After Mortgage Increase

A young mother and her three children in Hudson are on the brink of eviction while her husband is deployed in Iraq.
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Vancouver, Wash., man sentenced for mortgage fraud (source: Big News Network)

THE ASSOCIATED PRESS PORTLAND, Ore. -- A Vancouver, Wash., man who ran a mortgage fraud operation has been sentenced to three years and one month in federal prison. Prosecutors say Jeremy Richards... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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How Goldman ruined your neighborhood - Detroit Free Press (source: Big News Network)

Carl Levin is a genuine Washington heavyweight, one of a handful of senators -- Arizona's John McCain, Connecticut's Joe Lieberman and Massachusetts' John Kerry round out the list -- whose celebrity r... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Home prices inch up (source: CNN)

February home prices posted their first year-over-year increase since December 2006, according to a report out today. (source: CNN) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Bonds Go From One Extreme To Another In One Day (source: Mortgage News Daily)

Posted To: MBS Commentary4.5 MBS down 7 ticks on the day at 100-14 Secondary Market Current Coupon: +3.8bps to 4.443% 10yr Treasury Yield gives back most of yesterday's gains, now at 3.767% S&P up 0.65% to 1191, but right in the middle of yesterday's p... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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HAFA brings new hope for the Short Sale process - PRLog (source: Big News Network)

Greatest benefits to HAFA are less tangible. They are the mechanisms and processes it creates to make the Short Sale process easier for everyone to employ and less prone to the problems and delays tha... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Purchase Apps Extend Tax Credit Trend. Low Downpayment Loans Fuel Buyer Demand (source: Mortgage News Daily)

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 23, 2010. Michael Fratantoni, MBA's Vice President of Research and Economics says: "Purchase activity contin... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Foreclosure easing in big cities but still spreading (source: CNN)

Foreclosure filings declined in more than half of the country's worst-hit spots in the first three months of 2010. But that doesn't mean the healing has begun. (source: CNN) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Mortgage Rates Tip-Toe Around Headline News and Events (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchMortgage rates greatly benefited from headline news yesterday. Around mid-morning we learned that Standard and Poor's had cut Greece's government debt rating all the way down to junk. That is as low as ratings go! Stocks, whic... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Fed Makes No Mention of MBS Sales. FOMC Statement a Non-Event (source: Mortgage News Daily)

Posted To: MND NewsWireThe Federal Open Market Committee today released their monetary policy statement. From the Federal Reserve website: The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central ba... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Levin grills Goldman exec with expletives - Detroit News (source: Big News Network)

Washington -- Sen. Carl Levin's use of an expletive more than a dozen times during his grilling of Goldman Sachs executives over their financial dealings reflected Americans' frustration with Wall Str... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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The Return of ‘Social Utility’ - Article.nationalreview.com (source: Big News Network)

< max_width || !img.src) { continue; } ratio = (img.height/img.width); img.width = max_width; img.height = Math.round((max_width * ratio)); } } (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Jim TV SD Pre-Foreclosure Tour

A sampling of those houses on the foreclosure rolls in SD North County Coastal - an area of prime RE that has endured so far.......
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Grand Strand condo peddlers indicted on fraud charges - The Sun News (source: Big News Network)

NORTH MYRTLE BEACH -- Jeff Shoup and Tommy Hix, the would-be developers of the failed Bahama Island and Crystal Palace condominium resorts here, were indicted this week on fraud and conspiracy charges... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Wednesday, April 28, 2010

Fighting back from the foreclosure blast zone (source: CNN)

In a city filled with foreclosures and abandoned buildings, East Warren Avenue on Detroit's east side could be called the epicenter. Banks own 1,331 buildings in the surrounding 48224 zip code. More than 7 percent of homes in the area were in foreclosure l... (source: CNN) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Mortgage Rates Improve as Stocks Sell on Greek Downgrade (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchMortgage rates yesterday recovered the rate sheet losses lenders passed along to consumers last Friday. The was no specific reason for the modest improvement. Economic data was absent and trading activity was slow. For the mos... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Will home buyers vanish when tax credit ends (source: Big News Network)

FRANCINE KNOWLES csharwarko@southtownstar.com fknowles@suntimes.com As home buyers wanting to earn the federal tax credit race to sign a deal before Friday's deadline, real estate agents worry that, ... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Greek Downgrade Moves Markets. MBS Along For The Ride (source: Mortgage News Daily)

Posted To: MBS CommentaryMBS up 16 ticks to 100-21 10yr Note down 11.6 bps to 3.692 MBS Current Coupon -7.9bps to 4.405%.Yield spreads wider Stocks tanked. S&P shed 2.34%. Dow down 1.90%. NASDAQ - 2.04% FOMC and 5yr auction tomorrow Should you find you... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Fixed-rate mortgages offering better deal (source: The Independent)

Fixed-rate mortgage deals have fallen to their lowest level for a year as competition continues to return to the market, research showed today. (source: The Independent) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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GOP blocks debate on financial overhaul - Rock Hill Herald (source: Big News Network)

WASHINGTON -- Senate Republicans on Monday blocked the start of formal debate on legislation to overhaul the nation's financial regulatory system in a test vote likely to intensify the political battl... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Retire to Mexico -- the price is right (source: CNN)

The years-long trend of Americans buying homes and expatriating to Mexico has collapsed, done in by a trifecta of the recession, swine flu and an epic crime wave. (source: CNN) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Mortgage applications plunge 15% (source: Big News Network)

RESIDENTIAL mortgage applications plunged in the March quarter after the government's first home owner's grant was wound back to pre-financial crisis levels, a survey found. Total mortgage ap... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Do Lloyds and RBS offer you a fair deal - This is Money (source: Big News Network)

A tale of two banks Lloyds Banking Group has returned to profit even though it seems to offer better savings rates than its state-backed rival RBS. How can this be so? RBS is not doing as well as it... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Setting Standards for Loan Officers Is Key Part of Profitability (source: Mortgage News Daily)

Posted To: The Garrett Watts ReportWe were recently in a small Southwest shop last week performing a FOCIS-plus review. It was a “garden variety” mortgage bank with a net worth of around $1M, retail originations, small warehouse line with one b... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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It's crunch time for home buyers (source: Big News Network)

As repeat buyers, Bethany and Tony Kelleran could get a $6,500 tax credit if they sign a purchase agreement by Friday. “We'd really, really like to,” said Bethany, but she added, “we're not ... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Greek Downgrade Moves Markets. MBS Along For The Ride (source: Mortgage News Daily)

Posted To: MBS CommentaryMBS up 16 ticks to 100-21 10yr Note down 11.6 bps to 3.692 MBS Current Coupon -7.9bps to 4.405%.Yield spreads wider Stocks tanked. S&P shed 2.34%. Dow down 1.90%. NASDAQ - 2.04% FOMC and 5yr auction tomorrow Should you find you... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Tuesday, April 27, 2010

Goldman Sachs Executives Grilled in Senate Hearing on ... - BusinessWeek (source: Big News Network)

April 27 (Bloomberg) -- Goldman Sachs Group Inc. executives were grilled by U.S. lawmakers who compared the bank's mortgage bankers to bookies as Senator Carl Levin asked why they sold securitie... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Fannie Mae Extends Incentive to Buy Their Distressed Home Inventory (source: Big News Network)

announced on Tuesday it is extending its buyer incentive program beyond the original expiration date at the end of this month. The program is available to borrowers who purchase a Fannie Mae owned H... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Stock Lever Helps Rates Break Resistance and Extend Rally. Reprices Reported (source: Mortgage News Daily)

Posted To: MBS CommentaryLooks like the market is favoring the flight to safety side of the "conflicting view" story I described in the OPEN . The stock lever has engaged in an originator friendly fashion and lenders are due to reprice for the be... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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2 Year Treasury Note Auction Results and Reactions (source: Big News Network)

The Treasury has successfully auctioned $44 billion 2 year notes. This was the 7th consecutive offering at this size and likely one of the last times as the Treasury is expected to reduce auction size... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Looking at the housing market as a futures market (source: Big News Network)

The overheated housing market has taken many by surprise and turned many away, but while markets ebb and flow there is a strong argument for a more sophisticated futures market in house prices in the ... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Mortgage Fraud Gets Man 3 Years In Prison (source: Big News Network)

PORTLAND, Ore. -- A man who pleaded guilty to money laundering must serve a three-year sentence in federal prison and pay almost half a million dollars in restitution to victims.Prosecutors said Jerem... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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New home loans up 5% (source: The Independent)

The number of mortgages approved for house purchase edged up by 5% during March as the housing market returned to normal following the end of the stamp duty holiday, figures showed today. (source: The Independent) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Rates Hold Overnight Rally After Data. Conflicting Views in Cloudy Environment (source: Big News Network)

The market failed to provide much motivation for bonds to trade yesterday. In fact, most assets ended the session near the same levels they started. The FN 4.5 was +0-02 at 100-05 yielding 4.488% . Th... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Compare loans, mortgages, credit cards, insurance, gas ... - The Press in York (source: Big News Network)

-1)) { path[x] = path[x-1]; } else { path[x] = path[x-1] + "/" + path[x]; } path[x] = path[x].replace(//undefined/g,""); } sitename = path[2].split("."); (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Md. Foreclosure Rate Climbs

According to new reports, home foreclosures in Maryland have gone up 80 percent compared to this time last April.
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Rate trends and firecrackers (source: Bankrate)

A reader named Cindy asks: "Are mortgage rates predicted to go down next week? What things should I be considering before going ahead?" (source: Bankrate) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Home Prices, Goldman Sachs Gets Grilled, 2-Year Note Auction (source: Big News Network)

Stock futures are off this morning as the Federal Reserve prepares to begin its two-day monetary policy meeting and Goldman Sachs readies for a Senate Subcommittee investigative hearing. (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Home prices inch up (source: CNN)

February home prices posted their first year-over-year increase since December 2006, according to a report out today. (source: CNN) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Mortgage Foreclosure Causing Concerns

Bankers in Florida have been pushing legislation to reduce the amount of time it takes to foreclose on a home, but concerns seemed to have stopped the legislation dead in its tracks. But as Mike Vasilinda tells us, a busload of home owners facing foreclosure came to the Capitol today to drive a stake in the heart of the bill.
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Top 10 mortgage fraud states (source: CNN)

Mortgage fraud is still on the rise, according to a report released Monday, despite efforts by law enforcement and policy makers to rein it in. (source: CNN) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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San Diego Home Forecast 2010 - San Diego Foreclosures Home Outlook

www.brokerforyou.com San Diego Home Forecast 2010 - Opinion on the 2010 San Diego real estate outlook. Why San Diego foreclosures will still have an impact on the San Diego homes for sale market in 2010. brokerforyou.com Bob Schwartz is a San Diego real estate broker with 30 years experience. If you own a San Diego home or are planning purchasing San Diego real estate Bob's San Diego 2010 real estate outlook is a must read. You can also search San Diego homes for sale (San Diego MLS) at: www.brokerforyou.com California real estate license #00706331 keywords real estate outlook, real estate forecast, real estate market, real estate market outlook, home value outlook, home value forecast, San Diego homes for sale, San Diego home listings
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Goldman Said to Have Been in Other Mortgage Deals (source: Big News Network)

Goldman Sachs intensified on Monday as Senate investigators claimed the Wall Street giant had devised not one but a series of complex deals to profit from the collapse of the home mortgage market. (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Homeownership Rate Hits 10 Year Low. Youngest Demographic is Biggest Drag (source: Mortgage News Daily)

Posted To: MND NewsWireThe Census Bureau today released Residential Vacancies and Homeownership data for the first quarter of 2010 While vacancy rates are appearing to moderate, home ownership in the U.S. has declined to a level last seen at the beginning ... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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MBS Mostly Sideways. Looking For Locking Opportunities (source: Mortgage News Daily)

Posted To: MBS CommentaryFN 4.5 prices up 6 ticks to 100-09 10yr note yield lower roughly 2 bps at 3.794 S&P down just over 1 pt. Dow is up 26 pts. Plenty of indecision remains ahead of auctions Short term trends remain undecided to supportive for bond... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Uninspired Session Relies Heavily On The Range Trade (source: Mortgage News Daily)

Posted To: MBS CommentaryMBS goes out +0-02 at 100-05 10yr Tsy basically unchanged at 3.80 Secondary market current coupon: down 1.1bp to 4.482% CC MBS yield spreads slightly wider Dow unchanged and S&P down from 1217 to 1212. among the lowest volume d... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Time running out on first-time homebuyers tax credit (source: Big News Network)

-- Friday is the deadline for the first-time homebuyer's tax credit, good for up to $8,000. "With the homebuyer tax credit, the federal government is giving them a totally refundable tax credit up ... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Monday, April 26, 2010

Mortgage Rates Face Several Hurdles in the Days Ahead (source: Mortgage News Daily)

Posted To: Mortgage Rate WatchMortgage rates bounced back and forth in a relatively tight range before going out at their highest levels of the week last Friday. Although prices of mortgage-backed securities managed to rally of their lows of the day, most ... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Home Foreclosures Continue to Skyrocket

KXTV News10 report on foreclosures in California and interest-only adjustable rate mortgage loans. Alexis McGee of ForeclosureS.com comments on buying within your limit.
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Court OKs Foreclosure on Gotti Mansion

Victoria Gotti, the daughter of 'Dapper Don' John Gotti, faces foreclosure on her New York home after failing to make the $25000 monthly mortgage payments. (May 12)
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Housing Stats: New Home Sales Financed by the FHA (source: Mortgage News Daily)

Posted To: MND NewsWireThe Census Bureau and the Department of Housing and Urban Development Friday released New Residential Home Sales survey data for March 2010 . Below is a graph which illustrates how borrowers are financing their new home purchases. &q... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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MBS Mostly Sideways. Looking For Locking Opportunities (source: Mortgage News Daily)

Posted To: MBS CommentaryFN 4.5 prices up 6 ticks to 100-09 10yr note yield lower roughly 2 bps at 3.794 S&P down just over 1 pt. Dow is up 26 pts. Plenty of indecision remains ahead of auctions Short term trends remain undecided to supportive for bond... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Homeownership Rate Hits 10 Year Low. Youngest Demographic is Biggest Drag (source: Big News Network)

Residential Vacancies and Homeownership data for the first quarter of 2010 While vacancy rates are appearing to moderate, home ownership in the U.S. has declined to a level last seen at the beginning... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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GSEs Able to Bypass Bureaucracy on Road to Resolution (source: Mortgage News Daily)

Posted To: Voice of Housing600 days ago, the federal government placed into conservatorship Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that play a critical role in the U.S. home mortgage market. At the time, the Bush Administra... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Top 10 mortgage fraud states (source: CNN)

Mortgage fraud is still on the rise, according to a report released Monday, despite efforts by law enforcement and policy makers to rein it in. (source: CNN) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Mortgage Rates Face Several Hurdles in the Days Ahead (source: Big News Network)

Mortgage rates bounced back and forth in a relatively tight range before going out at their highest levels of the week last Friday. Although prices of mortgage-backed securities managed to rally of th... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Diatribes won't fix banks - The Daily Advertiser (source: Big News Network)

From that point, free-market true believers in the Bush administration and the interventionists now in the Obama administration came to the same conclusion: Bailouts were the only way to avoid worldwi... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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It's a great time to buy in Paris...'bonne chance!' (source: The Independent)

Paris is not a hard sell. It is one of the world's most popular tourist destinations, a hub for international travel and has a cultural heritage to die for. From its Hausmann-designed avenues to the Eiffel Tower, Paris is truly a great world city. (source: The Independent) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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A successful MHA refi (source: Bankrate)

A note, sent yesterday, from a reader named Matthew. (source: Bankrate) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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A Detailed Look At Goldman&rsquo;s Mortgage Trading ... - Alex Jones' Prison Planet.com (source: Big News Network)

Zero Hedge April 26, 2010 One of the key topics over the next week will be just what was Goldman's exposure to the mortgage industry in 2006 and 2007, and was the firm actively short mortgage ... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Goldman/Wall Street Profiting From Housing Market's Collapse, Erosion of Municipal Bonds, Explosion ... (source: Big News Network)

Well, the beat goes on. The New York Times on Sunday front paged "Goldman Cited Serious Profit on Mortgages". The article goes into detail on the profits Goldman made shorting the housing markets with... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Slim Buys NYC Tower; Madoff Building Faces Foreclosure: Video

April 22 (Bloomberg) -- Bloomberg's Betty Liu reports on major newsmakers in today's Movers & Shakers. (Source: Bloomberg)
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Foreclosure scams spread like wildfire

As Americans continue to struggle with foreclosure, scams preying on the innocent are spreading like wildfire.
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Wrong-headed regulators (source: Bankrate)

I have an article up today -- "Want to refinance? Know the details" -- in which I describe the Home Affordable Refinance program as confusing. (source: Bankrate) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Akzo Nobel upped at DB as housing market brightens (source: Big News Network)

to buy from hold, citing an improvement in fundamentals thanks to recovering housing market in the U.S. and the U.K. and further cost benefits to come. The broker estimated that an additional 150 mill... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Julian Knight: At long last, a new mortgage that makes you take notice (source: The Independent)

It's rare that a new financial product makes me sit up and take notice, but it happened the other day. It's even rarer that the eye-catching product is a mortgage - after all, we have seen the number of home loans fall by more than 80 per cent since the on... (source: The Independent) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Nationwide removes 300 firms from its conveyancing panel (source: Big News Network)

Nationwide Group has shed around 300 firms from its conveyancing panel in what is understood to be a ‘risk-based review'. The Law Society has immediately entered into discussions with the lender.... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Julian Knight: At long last, a new mortgage that makes you take notice (source: The Independent)

It's rare that a new financial product makes me sit up and take notice, but it happened the other day. It's even rarer that the eye-catching product is a mortgage - after all, we have seen the number of home loans fall by more than 80 per cent since the on... (source: The Independent) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Bank of America wants to suspend mortgage payments for jobless (source: Big News Network)

Bank of America has 1.44 million customers who are 60 days or more past due, nearly 14 percent of the 10.4 million mortgages it services. Many details, such as eligibility and the application process,... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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10 tax-free ways to save your refund (source: Big News Network)

Rescuers comb neighborhoods of splintered homes and twisted debris in Mississippi, a day after storms that spawned multiple tornadoes sliced through the state and killed 10 people. (source: Big News Network) - Share on Twitter - Share on Facebook - RSS feeds and Widgets on Feedzilla.com
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Will the Fed Begin Selling MBS in the Near Term Future? (source: Mortgage News Daily)

Posted To: MBS CommentaryCNBC "broke news" this morning that 6 of 10 FOMC members allegedly believe it would be wise to begin selling their mortgage holdings....in the "near term". First of all we've heard this RUMOR before and we'll pr... (source: Mortgage News Daily) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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Mortgage Interest Rates Lower - Best Syndication (source: Big News Network)

Best Syndication News (Best Syndication News) Mortgage interest rates declined this weekend according to a Best Syndication survey. On Thursday the interest rate for a 30-year fixed mortgage ... (source: Big News Network) - Share on Twitter - Share on Facebook - RSS and RSS Feed on Feedzilla.com
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