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www.ProspectMortgageDirect.com

Foreclosures Accelerate To Fastest Pace In Almost Three Decades - Los Angeles Times
foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more americans to walk away from homes they couldn't refinance or sell. new foreclosures increased ...
www.latimes.com

Mortgage Market Woes Shift To Homeowners With Adjustable-rate Prime Loans
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.
www.kansascity.com

9% Of Home Loans In Trouble
late payments, defaults spread to prime mortgages washington — more than 4 million american homeowners with a mortgage, a record 9 percent, were 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.
www.chicagotribune.com

A Fifth Of Home Loans Head For Negative Equity - Guardian Unlimited
britain's banks may have to write off £38bn of mortgage debt as plunging house prices send almost a fifth of the home loans on their books into negative equity, according to leading city analysts. write-offs on that scale will dwarf the cost of the ...
www.guardian.co.uk

Reset Loans Add To Us Home Woes - Financial Times
the stricken us mortgage market is set to suffer further setbacks in the next two years as $96bn of risky home loans sold with initial flexible payment options switch to more stringent terms. these will raise borrowers’ monthly payments by about 60 ...
www.ft.com

Fixing Your Credit Score For A Sarasota Home Mortgage Loan
it is best to use the funds you get from mortgage loans to purchase a home in sarasota real estate to avoid any financial hurdles after the transaction.
www.turks.us

Two Plead Guilty To $10 Million Mortgage-fraud Scheme
two plead guilty to #10 million mortgage-fraud scheme in broward county in an ongoing battle against mortgage fraud, two defendants have pleaded guilty in a scheme involving 25 properties and more than $10 million in fraudulent home loans in broward county, according to federal prosecutors.
www.miamiherald.com

Risky Mortgages Threaten To Keep Housing Market Down - Detroit Free Press
in the mortgage industry, they are called liar loans -- mortgages approved without requiring proof of the borrower's income or assets. the worst of them earn the nickname ninja loans, short for no income, no job and no assets. the nation's housing ...
www.freep.com

Home Loan Troubles Break Records Again - San Diego Union-tribune
washington – 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 ...
www.signonsandiego.com

Mortgage Bail-out Puts Obama On Safer Ground
the us government bail-out of the mortgage giants freddie mac and fannie mae, which potentially exposes taxpayers to billions of dollars of bad loans, has steered the presidential campaign firmly onto fertile ground for the democrats - the fragile economy.
www.smh.com.au

Two Plead Guilty To $10 Million Mortgage-fraud Scheme
in an ongoing battle against mortgage fraud, two defendants have pleaded guilty in a scheme involving 25 properties and more than $10 million in fraudulent home loans in broward county, according to federal prosecutors.
www.bradenton.com

Candidates Weigh In On Stabilizing Fannie, Freddie - Associated Press
washington (ap) -- the historic takeover of fannie mae and freddie mac, which could come as soon as sunday, moved to the forefront of the presidential campaign saturday as candidates and congressional leaders seized on the enormous implications for ...
hosted.ap.org

Delinquencies, Foreclosures Rise To More Than 9 Percent Of Us Home ... - Baltimore Sun
washington (ap) _ an industry group says a record 9.2 percent of american homeowners with a mortgage were either behind on their payments or in foreclosure at the end of june, as damage from the housing crisis continues to mount. the latest quarterly ...
www.baltimoresun.com

Top 10 Riskiest Areas For Mortgage Loans
falling home values are the leading force behind the increase in mortgage delinquency risk.
www.usnews.com

Indiana Ranks Near Top In Troubled Home Loans
indiana remains among the states with the highest percentage of troubled home mortgages, with the latest data showing the nation's housing crisis worsening with rising joblessness.
www.indystar.com

Bailout Could Push Mortgage Rates Lower - Miami Herald
the government's historic seizure of mortgage finance giants fannie mae and freddie mac could lower mortgage rates and breathe new life into the moribund housing market, analysts say. ''it should bring mortgage rates down, because fannie and freddie ...
www.miamiherald.com

Record 1.2 Million Homes Hit By Foreclosure - Cnn Money
that represents 2.8% of all outstanding loans, up from 1.4% of all loans during the same period a year ago, according to a report released friday by the mortgage bankers association (mba). and 490,000 of the 45 million home mortgages serviced by mba ...
money.cnn.com

Metlife Takes Over First Horizon Home Loans
a new national brand has appeared on the local mortgage scene. metlife, the insurance giant based in new york, has taken over first horizon home loans and its office at 2160 41st ave.
www.santacruzsentinel.com

Guilty Plea In $10 Million Mortgage Scheme
in an ongoing battle against mortgage fraud, a pervasive crime in south florida, two defendants have pleaded guilty in a scheme involving 25 properties and more than $10 million in fraudulent home loans in broward county, according to federal prosecutors.
www.miamiherald.com

Fannie Mae And Freddie Mac Takeovers Hits Home - New York Daily News
washington - the historic federal takeover of fannie mae and freddie mac , which could come as soon as today, has enormous implications for taxpayers and the economy, experts say. fannie mae and freddie mac together hold or back half of the nation's ...
www.nydailynews.com