Foreclosures, Overdue Mortgages Increase AgainWall Street Journal Blogs, NY - 19 minutes agoCalifornia and Florida account for about one in five mortgage loans outstanding, but 39% of loans that went into the foreclosure process in the quarter were …
Los Angeles TimesRisky Loans Hurt Lender in CaliforniaNew York Times, United States - 31 minutes agoAs a result, Downey, the biggest thrift in California, has been hobbled by bad loans. Many mortgage lenders face similar problems. …Downey Reaches Agreement on Regulatory Consent Orders and Enhances … MarketWatchFeds put restrictions on Downey until it boosts capital Los Angeles Timesall 15 news articles
Washington TimesMortgage-paying problems spreadingWashington Times, DC - 15 minutes agoSince housing prices were soaring, many prime ARM borrowers assumed they could always refinance their loans when the "teaser" rate was scheduled to adjust …
ABC NewsPaulson Meets With Bernanke, Fannie, Freddie Chiefs (Update2)Bloomberg - 56 minutes ago… manager of the world's biggest bond fund at Pacific Investment Management Co. in Newport Beach, California, said in a Bloomberg Television interview, …The Overnight Report: Trading The Bear Market FN Arena NewsNew Consumer Video “Fannie and Freddie: Why They Matter to You … Business Wire (press release)Fannie, Freddie fallout felt Asbury Park PressOn Wall Street - Bloombergall 408 news articles
Wachovia turns to brokers for refinancing helpTrading Markets (press release), CA - 15 minutes agoWachovia's refinancing initiative comes as the bank is eliminating 5000 of 11500 jobs in its mortgage unit to cut costs. Insiders describe a difficult work …
Unemployment and mortgage delinquencies soar and could get worseSan Jose Mercury News, USA - 4 minutes agoIn California, 5.78 percent of residential mortgages were overdue at the end of the quarter, up from 5.25 percent in the previous quarter. …
ABC NewsPaulson Meets With Bernanke, Fannie, Freddie Chiefs (Update1)Bloomberg - 1 hour ago… manager of the world's biggest bond fund at Pacific Investment Management Co. in Newport Beach, California, said in a Bloomberg Television interview, …The Overnight Report: Trading The Bear Market FN Arena NewsNew Consumer Video “Fannie and Freddie: Why They Matter to You … Business Wire (press release)Fannie, Freddie fallout felt Asbury Park PressOn Wall Street - Bloombergall 393 news articles
The New Republic: Economic Innovation and Mortgage FraudInjuryBoard.com, FL - 48 minutes agoBehind the subprime crisis were mortgages designed to encourage repeated refinancing of homes–a pyramid scheme that generated billions of dollars in fees …
Los Angeles TimesHenry E. Huntington's promised land in San MarinoLos Angeles Times, CA - 59 minutes agoWHEN THE current mortgage crisis ends, someone is going to make big bucks. Probably developers. They'll buy up houses at bargain prices, tear them down, …
Candidates' Plans For Struggling HomeownersForbes, NY - 3 minutes ago… people ) narrowly averted collapse, foreclosure-prone cities in California are declaring bankruptcy and, according to the Mortgage Bankers Association, …