All posts by Colin Robertson

Annual Performance of Mortgage Related Stocks

January 2, 2008 No Comments »

Here’s a look at the performance of mortgage-related stocks over the past year that were affected by the ongoing mortgage crisis. The various affected companies are listed below with their closing price on January 3, 2007 versus today’s close. As ... Read More »

Issuance of Alt-A Mortgages Down Sharply in Third Quarter

January 2, 2008 No Comments »

A report released by Standard & Poor’s Ratings Services said the issuance of Alt-A mortgages plummeted in the third quarter, and is projected to fall further in the fourth quarter and early 2008 thanks to ongoing liquidity concerns. The value ... Read More »

Mortgage Broker Tracker Launched in Seven States

January 2, 2008 No Comments »

An Internet-based system intended to better oversee mortgage brokers and their employees whose regulations vary significantly by state was launched today. The so-called Nationwide Mortgage Licensing System, initially adopted by seven states, applies to mortgage brokers and loan officers at ... Read More »

PHH Sale to GE and Blackstone Terminated

January 2, 2008 No Comments »

PHH Corp. said Tuesday that its proposed $1.8 billion merger with General Electric and Blackstone was scrapped after the private equity firm failed to obtain the necessary financing to complete the sale. In March, GE and Blackstone had agreed to ... Read More »

Survey Finds Nearly All Would Pay Mortgage First

December 26, 2007 No Comments »

A survey released today by Online Resources Corp. found that the mortgage crisis is spilling over into the broader economy, impacting companies across a variety of industries and their ability to collect payments. The study of more than 1,000 nationally ... Read More »

Nearly Half of California Brokers See Recession in 2008

December 20, 2007 No Comments »

The California Association of Mortgage Brokers (CAMB) released its annual mortgage survey for 2008 this week, claiming that the ongoing housing crisis could lead to a recession if the conforming limit isn’t raised in California. When asked if the current ... Read More »

Bear Stearns Reports First Quarterly Loss on Mortgage Losses

December 20, 2007 No Comments »

Bear Stearns reported a larger-than-expected writedown in its mortgage portfolio, leading its first quarterly loss in its 84-year history. The nation’s fifth-largest investment bank, who is also a mortgage lender, took a $1.9 billion writedown in the quarter ended November ... Read More »

Foreclosures Dip in November, Up 68 Percent from Year Ago

December 19, 2007 No Comments »

Mortgage research firm RealtyTrac said today that the number of foreclosure filings declined last month because of an expected respite in interest rate resets, but warned that the number will likely rise higher next year. The Irvine, CA-based company said ... Read More »

Congress Extends Mortgage Insurance Tax Deduction Through 2010

December 19, 2007 No Comments »

The United States Congress passed new legislation extending a tax provision that allows homeowners to deduct the cost of mortgage insurance premiums from their federal income tax returns through 2010. “This legislation has the potential to help thousands of low- ... Read More »