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

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

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

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

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

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 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

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

A new bill that will direct up to $300 million a year to an affordable housing fund effortlessly passed in the House today by a… Read More »FHA Reform Bill Passed

Later this week, Wells Fargo Home Mortgage will implement further loan program cuts to mitigate risk in the deteriorating home lending market. The massive mortgage… Read More »Wells Fargo to Cut No Ratio and No Doc Programs