Some 122,000 Countrywide borrowers got an unpleasant surprise this week when they were told that they could no longer draw on their home equity lines… Read More »Countrywide Freezes Helocs, Chase to Cut CLTVs
A survey released today by Freddie Mac and Roper Public Affairs and Media revealed that 57 percent of the nation’s delinquent borrowers don’t realize that… Read More »Survey: Most Delinquent Borrowers Unaware of Options
Flagstar Bancorp reported a fourth quarter net loss of $30.1 million, or 50 cents per share, compared to net earnings of $6.9 million, or 11… Read More »Flagstar Reports Fourth Quarter Loss, May Suspend Dividend
During a speech held today at the Citigroup Financial Services Conference in New York, Fannie Chief Daniel Mudd addressed the proposed increase in the conforming… Read More »Fannie Chief Says No More Risk with Larger Loans
RealtyTrac released year-end data from its 2007 U.S. Foreclosure Market Report today, which revealed a total of 2,203,295 foreclosure filings reported on 1,285,873 properties nationwide… Read More »Foreclosure Activity up 75 Percent in 2007
The nation’s top mortgage lender reported a fourth-quarter loss of $422 million, or 79 cents per share, compared with income of $622 million, or $1.01… Read More »Countrywide Reports Fourth Quarter Loss
The Mortgage Bankers Association issued a statement this afternoon in response to a report released by the Center for Responsible Lending this morning, calling it… Read More »Mortgage Bankers Association Calls CRL Study Misleading
The U.S. Treasury’s proposed interest rate freeze plan will likely only help three percent of subprime borrowers currently stuck in adjustable-rate mortgages, the Center for… Read More »Study Shows Mortgage Freeze Plan Limited
A report released today by First American CoreLogic found that the risk of foreclosure jumped 22 percent from last January, and 9 percent from just… Read More »Risk of Foreclosure Rising as Home Prices Continue to Fall
Reuters reported today that borrowers are chomping at the bit to refinance their existing home loans in a bid to take advantage of the super-low… Read More »Mortgage Lenders Report Refinance Frenzy
