Countrywide Says Fed Rate Cut Spurred Inquiries
Countrywide Financial Corp. said Tuesday that last week’s half point Fed rate cut has led to a 40 percent increase in the number of customers… Read More »Countrywide Says Fed Rate Cut Spurred Inquiries
Mortgage Tips
Simple guides and tips to help you better understand and prepare for the home loan process. Learn how to get a mortgage, how to refinance, and more about the many different loans programs available.
Freddie Mac’s Portfolio Nearly Capped
Freddie Mac announced Tuesday that its mortgage holdings soared at the fastest rate since December 2005. Freddie Mac’s mortgage retained portfolio grew by an annualized… Read More »Freddie Mac’s Portfolio Nearly Capped
No Closing Cost Radio Ad Fanatic Fined
The mortgage broker who created the notorious radio ads that refer to the no closing cost loan as “the biggest no-brainer in the history of… Read More »No Closing Cost Radio Ad Fanatic Fined
Morgan Stanley Accused of Discriminatory Mortgage Lending
The National Community Reinvestment Coalition said Monday that it filed a civil rights complaint against Morgan Stanley and some of its subsidiaries, including Saxon Mortgage… Read More »Morgan Stanley Accused of Discriminatory Mortgage Lending
HUD Secretary Downplays Housing Crisis, Supports Subprime
At the 1st Asia-Pacific Housing Forum in Singapore, Department of Housing and Urban Development Assistant Secretary Darlene Williams played down housing fears and expressed her… Read More »HUD Secretary Downplays Housing Crisis, Supports Subprime
ABN Amro Mortgage Data Leaked on Popular File Sharing Network
A data leak by a former ABN Amro Mortgage analyst put the sensitive information of more than 5,000 mortgage customers at risk of being shared,… Read More »ABN Amro Mortgage Data Leaked on Popular File Sharing Network
Confusion Over Nevada Mortgage Bill
A bill intended to protect Nevada homeowners by labeling mortgage lending fraud a crime has led to a great deal of confusion and frustration for… Read More »Confusion Over Nevada Mortgage Bill
Bernanke Addresses Mortgage Concerns
In testimony to the House Financial Services Committee, Ben Bernanke outlined the history of the subprime mortgage mess, the recent rise in defaults and foreclosure… Read More »Bernanke Addresses Mortgage Concerns
Wells Fargo Chairman Bullish on Mortgage
Wells Fargo Chairman Richard Kovacevich echoed recent bullish comments from Countrywide CEO Angelo Mozilo today, revealing that he too was optimistic about the future of… Read More »Wells Fargo Chairman Bullish on Mortgage
Fannie and Freddie Caps Eased
The Office of Federal Housing Enterprise Oversight announced today that it will ease the current caps on Fannie Mae and Freddie Mac. The government-sponsored entities,… Read More »Fannie and Freddie Caps Eased