MGIC Investment Corp., the nation’s largest mortgage insurer, who last week said it would raise prices and limit coverage, revealed details of its new plan… Read More »MGIC to Limit Coverage, Raise Prices on Riskier Loans
The interest rate freeze proposal has just been unveiled by the Bush Administration, a plan which could help as many as 1.2 million borrowers stay… Read More »Mortgage Teaser Freezer Plan Unveiled
On the same day the Bush Administration plans to release an interest-rate freeze proposal, the Mortgage Bankers Association reported that U.S. mortgage delinquencies hit a… Read More »Mortgage Delinquencies Climb to 20 Year High, Foreclosures Hit All Time High
IndyMac Chief Executive Michael Perry said Thursday that he doesn’t expect the company to be profitable until at least the second half of 2008. “If… Read More »IndyMac CEO Sees More Losses Through 2008
Countrywide CEO Angelo Mozilo wrote an opinion piece in the Wall Street Journal today, calling on Congress to raise the conforming loan limit to $625,000… Read More »Countrywide CEO Calls for Conforming Limit Increase
Mortgage financier Fannie Mae said late Tuesday that it plans to issue $7 billion of preferred stock and slash its dividend in a move to… Read More »Fannie Mae to Sell Stock, Cut Dividend
An agreement by H&R Block to sell its ailing mortgage unit Option One to Cerberus Capital Management has been severed, according to both parties involved.… Read More »Option One Mortgage to Shut Down
The Office of Thrift Supervision held its second annual National Housing Forum in Washington D.C. today, inviting a number of housing market power players to… Read More »OTS Second Annual Housing Forum News and Notes
