According an SEC filing dated May 28, Bank of America originally offered Countrywide shareholders nearly $10 per share in its bid to takeover the nation’s… Read More »Bank of America Originally Offered $10 Per Share for Countrywide
A new study conducted by former HUD chief economist Susan Woodward reveals the need for improved disclosure of home loan terms and associated fees. Woodward’s… Read More »Study Supports Need for Better Mortgage Disclosure
Shares of Countrywide gained about a buck in the last two trading sessions as the proposed merger with Bank of America showed signs it was… Read More »Countrywide Merger Shows Signs of Life
The Office of Thrift Supervision said today that thrifts nationwide posted a collective $617 million dollar loss in the first quarter of 2007 as mortgage… Read More »Thrifts Set Aside Record High Loan Loss Provisions
The National Association of Realtors announced today that existing-home sales slowed in April as restrictive home loan lending prevented would-be homebuyers from obtaining necessary financing.… Read More »NAR: Home Sales Down Due to Restrictive Mortgage Lending
Like many other mortgage lenders throughout the nation, Indymac revealed on its company blog that it has been “proactively adjusting HELOC limits” in light of… Read More »Indymac Giving Helocs the Freeze
Southern California home sales hit an eight-month high in April as Bay Area sales jumped 28.8 percent from March, but it’s not as pretty as… Read More »Home Sales Up in California, But It’s Not All Good
A very large majority of home appraisers are being pressured to inflate property values, according to a survey conducted by Valufinders, a national provider of… Read More »Most Appraisers Asked to Inflate Home Values
Following in the footsteps of Bank of America and Countrywide, Washington Mutual is pulling the plug on scores of existing home equity lines, according to… Read More »WaMu to Shut Off Home Equity Lines
Freddie Mac today reported a first quarter loss of $151 million, or 66 cents per share, a huge improvement from the company’s fourth quarter loss… Read More »Freddie Mac Reports Better Than Expected First Quarter Results
