At a conference Tuesday in Bombay, India, Standard and Poor’s chief economist David Wyss said the mortgage crisis in the United States would likely deteriorate… Read More »S&P Chief Says Mortgage Crisis to Worsen
Thornburg Mortgage Inc. said in a statement this morning that it lost $1.1 billion selling bonds backed by adjustable-rate mortgages. The Santa Fe, New Mexico… Read More »Thornburg Ups Mortgage Loss Estimates
Market Street Mortgage, the retail mortgage division of now defunct NetBank will cut 182 jobs, according to a Worker Adjustment and Retraining Notification filed with… Read More »Market Street Mortgage Layoffs
Merrill Lynch said today that it expects a loss of up to 50 cents a share when it releases third quarter earnings on October 24,… Read More »Merrill Lynch to Write Down $5.5 Billion
In a blog post written today, “Mad Money” stock enthusiast Jim Cramer said he was bullish on Bank of America, partially for what he sees… Read More »Cramer Sees Bank of America Countrywide Merger
A new collaboration between CitiMortgage, The First American Corporation, Neighborhood Housing Services of America, Just Price Solutions, and State Farm aims to bring low fixed-rate… Read More »R-Home Mortgage Program Launched for Thin Credit Borrowers
The 2007 Annual Minority Lending Report, compiled by Compliance Technologies and Genworth Financial, was released today at the 3rd Annual Mortgage Lending Industry Emerging Markets… Read More »Roughly 4 out of 10 Mortgages Were Subprime for Minorities in 2006
Impac Mortgage Holdings Inc. is looking to sublease its 200,000 square foot Irvine, CA headquarters amid the ongoing housing downturn. The mortgage lender currently pays… Read More »Impac Mortgage Looks to Sublease Headquarters
If you weren’t sure how bad things are these days at Countrywide, this post should clear things up a bit. As ongoing layoffs continue to… Read More »Countrywide Hires PR Crisis Firm
Bear Stearns announced via a press release today that it is creating a single mortgage unit under the name “Bear Stearns Residential Mortgage Corporation”, combining… Read More »Bear Stearns Consolidating Mortgage Operations
