Finance And Mortgage Association News |
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• Mortgage finance companies Fannie Mae, Freddie Mac failed to anticipate scale...
6 Sep 2008 at 2:54pm
WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst.
• Government may soon take over troubled mortgage finance giants Fannie Mae, Fr...
6 Sep 2008 at 6:26am
WASHINGTON (AP) _ The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said Friday night.
• 14 percent of Florida facing mortgage crisis (Sun-Sentinel)
6 Sep 2008 at 12:19pm
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday.
• Home loan woes set record again (The Charlotte Observer)
6 Sep 2008 at 4:36am
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers Association said Friday that more than 4 million American homeowners with a mortgage – a record 9 percent – were either behind on their payments or in foreclosure at the ...
• Feds set to seize 2 mortgage giants (San Diego Union-Tribune)
6 Sep 2008 at 3:18am
WASHINGTON – Senior officials from the Bush administration and the Federal Reserve yesterday informed top executives of Fannie Mae and Freddie Mac that the government was preparing to seize the two mortgage finance giants and place them in a conservatorship, officials and company executives briefed on the discussions said.
• Record 9% of Americans can't make home payments (Detroit Free Press)
5 Sep 2008 at 10:06am
WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9%, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said today.
• Home loan troubles break records again (San Francisco Chronicle)
5 Sep 2008 at 7:24am
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers Association said Friday that...
• US Treasury close to deal to prop up mortgage giants Fannie and Freddie (Inde...
5 Sep 2008 at 7:09pm
The US Treasury is close to a deal to prop up the mortgage finance giants Fannie Mae and Freddie Mac, whose crumbling finances have put the US housing market in jeopardy and threatened to turn an economic slowdown into a deep recession.
• Mortgage sites may conjure quotes, play up privacy fear (The Oklahoman)
5 Sep 2008 at 10:24pm
LOS ANGELES — Mortgage lenders have raised the bar on what it takes to qualify for a home loan the past couple of years, but shopping for a loan online has actually gotten a bit easier, if not necessarily less confusing. Where mortgage-scouting Web sites traditionally required users to enter a swath of personal information to generate rate estimates, the newest sites offer users a way to ...
• Home loan troubles break records again (9:56 a.m.) (The Record)
5 Sep 2008 at 11:52am
WASHINGTON (AP) — More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said...
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