A survey released today by Online Resources Corp. found that the mortgage crisis is spilling over into the broader economy, impacting companies across a variety… Read More »Survey Finds Nearly All Would Pay Mortgage First
The California Association of Mortgage Brokers (CAMB) released its annual mortgage survey for 2008 this week, claiming that the ongoing housing crisis could lead to… Read More »Nearly Half of California Brokers See Recession in 2008
Bear Stearns reported a larger-than-expected writedown in its mortgage portfolio, leading its first quarterly loss in its 84-year history. The nation’s fifth-largest investment bank, who… Read More »Bear Stearns Reports First Quarterly Loss on Mortgage Losses
Mortgage research firm RealtyTrac said today that the number of foreclosure filings declined last month because of an expected respite in interest rate resets, but… Read More »Foreclosures Dip in November, Up 68 Percent from Year Ago
The United States Congress passed new legislation extending a tax provision that allows homeowners to deduct the cost of mortgage insurance premiums from their federal… Read More »Congress Extends Mortgage Insurance Tax Deduction Through 2010
Below are the highlights of the new rules put forth by the Fed in their effort to clean up the mortgage industry. First off, the… Read More »Highlights of the Fed’s Proposed Mortgage Rules
National City Corp. said today in a Securities and Exchange Commission filing that it expects to set aside around $700 million for loan losses in… Read More »National City to Set Aside $700 Million for Loan Losses in Fourth Quarter
At Fannie Mae’s not-so-annual meeting held in Washington today, president and CEO Daniel Mudd told shareholders that he doesn’t expect a housing market recovery until… Read More »Fannie Chief Sees Housing Woes Until Late 2009
Bank of America was recognized as the top retail mortgage originator in the United States for the first nine months of 2007, as well as… Read More »Bank of America Top Retail Mortgage Originator in 2007
Countrywide released operational results for last month this morning, revealing a small improvement from October in terms of both loans funded and loan origination volume,… Read More »Countrywide Fundings, Originations Up From October
