Mortgage News

The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.

Indymac Sees 57% Drop in Second-Quarter Net Income

July 31, 2007 No Comments »

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 woes felt nationwide.Net income dipped to $44.6 million, or 60 cents per share, from $104.7 ... Read More »

Richard Branson Enters Mortgage Biz with New Acquisition

June 2, 2007 No Comments »

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 bit funny, given the current state of the housing market, his spin on mortgages is ... Read More »

Are RealtyTrac’s Foreclosure Listings Misleading?

Are RealtyTrac’s Foreclosure Listings Misleading?
May 28, 2007 No Comments »

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 of the limelight, and the profits. RealtyTrac, an Irvine, CA based company, specializes in foreclosure ... Read More »

Hello Option Arm Lawsuits

January 15, 2007 No Comments »

You guessed it. The option arm that was so highly publicized and criticized has become a favorite for lawyers nationwide. Instead of condemning the program, lawyers are now trying to seek compensation for “damages” as a result of these misleading ... Read More »

California Housing Market Still Strong

November 22, 2006 No Comments »

While many cities throughout the United States deal with bubble trouble, California has managed to hang onto a good chunk of its housing gains from the last few years, with year-to-year gains in many of the largest markets. Many high-growth ... Read More »

Southern California Homeowners Still Seeing Green

November 9, 2006 No Comments »

Well, the housing market may have burst, but the years of upside in the Southern California housing market have provided enough strength to keep home sellers happy, even at today’s ridiculous prices. So happy in fact, that the average homeowner ... Read More »