Finance and Economy Archive
By Peg BrickleyRISMEDIA, Sept. 17, 2007-(The Wall Street Journal)-Thousands of homeowners face an "imminent risk" of losing their homes because of clashes between American Home Mortgage Investment Corp. and its former financial backers, according to Freddie Mac , a government-chartered housing financier. ...
RISMEDIA, Sept. 14, 2007-High-risk home mortgages are facing national scrutiny thanks to the recent rise in subprime foreclosures, but a noted research economist with the Real Estate Center at Texas A&M University is coming to their defense. ...
RISMEDIA, Sept. 14, 2007-The following is a statement from Michael D. Calhoun, President, Center for Responsible Lending: ...
By Amy HoakRISMEDIA, Sept. 13, 2007-(MarketWatch)-Some of the mortgage advertisements currently appearing in Web sites, newspapers, magazines, direct mail and unsolicited e-mail and faxes may be violating federal law, and on Tuesday the Federal Trade Commission said it was sending warning letters to more than 200 advertisers and media outlets ...
RISMEDIA, September 11, 2007-Countrywide Financial Corporation has announced a plan of action to address changing market conditions that positions the company for continued growth and success. Central elements of this plan include: ...
RISMEDIA, September 10, 2007--The 2nd Quarter National Delinquency Survey, released recently by the Mortgage Bankers Association (MBA), shows that California mortgage loans entering foreclosure have reached 25-year highs, with subprime borrowers bearing the brunt of the storm.The MBA linked market factors such as declining home prices and an increase in ...
RISMEDIA, September 10, 2007--The 2nd Quarter National Delinquency Survey, released recently by the Mortgage Bankers Association (MBA), shows that mortgage loans entering foreclosure have increased in 47 states since this time last year. On average, the increases were 50% higher. Only four states -- North Dakota, South Dakota, Utah and ...
By Amy HoakRISMEDIA, September 3, 2007-(MarketWatch)-Long-term mortgage rates headed down this week, while short-term rates moved up, according to Freddie Mac's weekly survey. ...
RISMEDIA, August 30, 2007-(MCT)-A day hasn't passed in recent weeks without some discussion of the home lending and liquidity crisis. ...
RISMEDIA, August 28, 2007-(MCT)-The rules of getting a mortgage have changed -- while you were on vacation. ...
