The FDIC has whipped up a new proposal that would allow the Treasury Department to modify approximately one million loans for at-risk borrowers who are… Read More »FDIC Offers Up Home Ownership Preservation Loans
Foreclosure activity increased 23 percent in the first quarter compared to the previous quarter and was up 112 percent from a year ago, RealtyTrac said… Read More »Foreclosures Up as Housing Prices Post Record Fall
California home sales fell 24.5 percent last month compared to the same period a year ago as the median price of an existing home slumped… Read More »California Existing Home Sales Off 24.5 Percent in March
The U.S. homeownership rate was 67.8 percent during the first quarter of 2008, down from 68.4 percent a year ago and the lowest rate since… Read More »18.6 Million Homes Vacant in First Quarter
LendingTree has divulged that ex-employees have been accused of sharing passwords with other mortgage lenders so they could pillage the database for things like social… Read More »Mortgage Lenders Accused of Stealing LendingTree Data
UBS today released a shareholder report outlining the many causes that led the Swiss bank to write down billions in U.S. subprime mortgage-related losses. The… Read More »UBS Outlines Subprime Failings
What a difference a mortgage crisis can make. Take a look at select mortgage stocks and their market cap declines from June 2007 to the… Read More »Mortgage Bust Market Cap Impact
The British Bankers Association has expedited the review of how the LIBOR is set after continued turmoil in the credit markets worldwide has shaken the… Read More »Li(e)bor Under Fire as Accusations Fly
Wells Fargo released its first-quarter earnings today, reporting net income of $2 billion, or 60 cents per share, compared with profit of $2.24 billion, or… Read More »Wells Fargo Reports First Quarter Profit of $2 Billion
IndyMac Chief Executive Michael Perry passed on an option to buy one million shares of company stock, according to an SEC filing released today. Perry… Read More »IndyMac CEO Says No Thanks to Stock Options
