OFHEO Director James Lockhart spoke about GSE reform and the notion of raising the conforming loan limit today at the American Enterprise Institute, a Washington,… Read More »OFHEO Chief Says Loan Limit Increase Might Make Sense
According to the J.D. Power and Associates 2007 Primary Mortgage Origination Study released today, most homeowners have not been impacted negatively by the current mortgage… Read More »JD Power Ranks Wachovia First in Satisfaction, Cautions Against Using Mortgage Brokers
House lawmakers today approved a bill by a 17 to 15 vote that would enable homeowners to reduce the mortgage balance on their primary residence… Read More »House Judiciary Committee Approves Bankruptcy Bill
Three banks making presentations at an investment conference in New York today warned that fourth quarter loan losses would exceed earlier expectations. Wachovia Corp., the… Read More »Banks Expect Larger Fourth Quarter Loan Losses
According to a CreditSights report released Tuesday, the Bush Administration’s recent mortgage interest rate freeze proposal will likely create more problems than solutions for most… Read More »Report Reveals Number of Problems Associated with Rate Freeze
Freddie Mac Chief Executive Richard Syron said Tuesday that the mortgage financier will lose another $5.5 billion to $7.5 billion over the next few years… Read More »Freddie Mac Sees Another $5.5B to $7.5B in Losses
H&R Block said Tuesday that it won’t file its second-quarter earnings on time due to an accounting firm delay, but expects a loss of $502.3… Read More »H&R Block to File Late, Big Loss Tied to Mortgage Exit
In a statement released after market close, Washington Mutual said it will have to set aside far more than expected for loan losses, leading to… Read More »WaMu to Cut More Than 3000 Jobs Amid Mortgage Losses
Mortgage financier Freddie Mac announced Monday that it would put greater restrictions on the types of delinquent loans it buys from mortgage pools. Under the… Read More »Freddie Mac to Limit Purchase of Delinquent Loans
UBS announced today that it will write off another $10 billion tied to its U.S. mortgage-related holdings, leading to a fourth quarter loss and potentially… Read More »UBS to Write Down Another $10 Billion in Mortgage Related Losses
