The American Bankers Association released its quarterly Consumer Credit Delinquency Bulletin this morning, revealing that many consumer delinquency rates were down aside from home equity… Read More »Delinquency Rate Up on Home Equity Lines
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
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
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
