Greenpoint Mortgage Closed
Greenpoint Mortgage was shut down today by parent Capital One Financial Corp., who said weak demand for residential home loans forced the company to shut… Read More »Greenpoint Mortgage Closed
Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.
Countrywide Hiring As New Layoffs Reported
A Wall St. Journal article regarding the layoffs of Countrywide employees was released early this morning by a journalist who seemed to be privy to… Read More »Countrywide Hiring As New Layoffs Reported
Capital One VP Sparks Greenpoint Mortgage Fears
At the KBW Inc. Large Cap Bank Conference in Kohler, Wisconsin last week Michael Rowen, VP of investor relations at Capital One Financial spoke to… Read More »Capital One VP Sparks Greenpoint Mortgage Fears
First Magnus Financial Closed
First Magnus, the nation’s 22nd largest residential mortgage lender announced on their website this morning that they are no longer funding any home loans. The… Read More »First Magnus Financial Closed
Thornburg Stock Tumbles, Bankruptcy Ruled Out
After a terrible day on Wall Street, with shares of his company shedding nearly half their market value, Thornburg Mortgage president Larry Goldstone attempted to… Read More »Thornburg Stock Tumbles, Bankruptcy Ruled Out
Fannie and Freddie Asset Limits Unchanged
Fannie Mae and Freddie Mac’s appeals to raise limits on their existing loan portfolios were met with disapproval by both the Bush Administration and the… Read More »Fannie and Freddie Asset Limits Unchanged
American Home Mortgage Closes Doors
American Home Mortgage Investment Corp., the under pressure mortgage lender who had earlier in the week announced fresh layoffs, has announced today that it will… Read More »American Home Mortgage Closes Doors
Indymac Sees 57% Drop in Second-Quarter Net Income
IndyMac Bancorp announced earnings this morning, beating street estimates, but seeing a 57% drop in second quarter net income as a result of the mortgage… Read More »Indymac Sees 57% Drop in Second-Quarter Net Income
Richard Branson Enters Mortgage Biz with New Acquisition
Sir Richard Branson and his seemingly never-ending business plan has entered a new industry, surprisingly, mortgage. While many critics may think his timing is a… Read More »Richard Branson Enters Mortgage Biz with New Acquisition
Are RealtyTrac’s Foreclosure Listings Misleading?
As the foreclosure market gains more steam and becomes the focus of the stagnating housing market, companies like RealtyTrac are beginning to grab a share… Read More »Are RealtyTrac’s Foreclosure Listings Misleading?