Countrywide CEO Angelo Mozilo wrote an opinion piece in the Wall Street Journal today, calling on Congress to raise the conforming loan limit to $625,000… Read More »Countrywide CEO Calls for Conforming Limit Increase
Mortgage financier Fannie Mae said late Tuesday that it plans to issue $7 billion of preferred stock and slash its dividend in a move to… Read More »Fannie Mae to Sell Stock, Cut Dividend
An agreement by H&R Block to sell its ailing mortgage unit Option One to Cerberus Capital Management has been severed, according to both parties involved.… Read More »Option One Mortgage to Shut Down
The Office of Thrift Supervision held its second annual National Housing Forum in Washington D.C. today, inviting a number of housing market power players to… Read More »OTS Second Annual Housing Forum News and Notes
The Wall Street Journal reported today that the Bush administration and major banks and mortgage lenders are close to a working out a plan that… Read More »Will Interest Rate Freeze Save Mortgage?
For the first time in almost 13 years, home prices in the United States experienced a quarterly decline, the Office of Federal Housing Enterprise Oversight… Read More »Home Prices Experience First Quarterly Decline in Nearly 13 Years
A total of 224,451 foreclosure filings were reported in October, up 94 percent from the 115,568 filings reported in the same period a year ago,… Read More »Foreclosure Filings Nearly Double From Year Ago
Wells Fargo, one of the few major banks that seemed to avoid much of the mortgage mess, revealed a $1.4 billion mortgage-related charge that will… Read More »Wells Fargo to Take $1.4 Billion Mortgage Hit
Countrywide Financial, the top U.S. mortgage lender, once again tried to reassure investors that the company was financially sound Tuesday. “We said it back in… Read More »Countrywide Reassures Again, Says Job Cuts a Bit Higher
Property values are expected to fall 7 percent next year as 1.4 million U.S. homes fall into foreclosure, according to a report released today by… Read More »Mayors Express Bleak Outlook for Ongoing Mortgage Crisis
