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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

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

Delinquent Loans On Residential Properties Rise
washington - the delinquency rate for mortgage loans, the percentage of foreclosures starting and the percentage of loans in foreclosure on new jersey residential properties all rose in the second quarter, the mortgage bankers association said friday.
www.northjersey.com

Rangel Had No-interest Mortgage More Than 10 Years - Las Vegas Sun
rep. charles rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful house committee chairman said friday. the new york congressman's lawyer, lanny davis, told the associated press that rangel got ...
www.lasvegassun.com

Candidates Weigh In On Stabilizing Fannie, Freddie - International Herald Tribune
washington : the historic takeover of government-backed mortgage lenders fannie mae and freddie mac, which could come as soon as sunday, moved to the forefront of the presidential campaign as candidates and congressional leaders seized on the ...
www.iht.com

Behind Latest Mortgage Woes: Ballooning Payments
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.
www.chron.com

U.s. Mortgage Giants Open To Rescue Plan, But Cost Is Unknown
under the plan, the u.s. treasury department will buy billions of dollars in new mortgage securities issued by the companies and inject an unknown amount of capital into them.
www.iht.com

Mortgage Crisis Has Washington Putting Aside Free-market Ideology - International Herald Tribune
despite decades of free-market rhetoric from republican and democratic lawmakers, washington has a long history of providing financial help to the private sector when the economic or political risk of a corporate collapse appeared too high. the ...
www.iht.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

Shying Away From N.y. Loans
fannie mae and freddie mac have said they would not buy subprime loans from new york because a new law exposes them to too much risk and cost.
www.nytimes.com

Mortgage Giants Agreeable To Rescue Plan, But Its Cost Is Unknown
under the plan, the treasury department will buy billions of dollars in new mortgage securities issued by the companies and inject an unknown amount of capital into them.
www.nytimes.com

Obama, Mccain Call For Changes In Mortgage Giants - Msn Moneycentral
terre haute, ind. (ap) - democratic presidential nominee barack obama said saturday that any government takeover of troubled mortgage giants fannie mae and freddie mac must put the interests of taxpayers and homeowners first. his opponent, gop ...
news.moneycentral.msn.com

Plenty To Coax Home Buyers Back To The Market - Washington Post
if you've been watching for the fleeting, best time to buy a home, this fall may be it, especially if you're a first-timer. that's not because all is suddenly well with the housing market. it's not. but there are signs that things are starting to ...
www.washingtonpost.com

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

Score Optimization System Delivers Melanie Hadley & Cornerstone Mortgage More Fha Loans
dallas----i3 solutions today announced that melanie hadley was able to close what was once an impossible fha mortgage loan by utilizing i3 solutions' latest technology, s.o.s. - score optimization system, which has revolutionized the credit repair industry allowing mortgage professionals across the country to close more loans that were once unobtainable.
biz.yahoo.com

U.s. Mortgage Giants Open To Rescue Plan, But Cost Is Unknown - International Herald Tribune
washington : fannie mae and freddie mac agreed saturday afternoon to the bush administration's plan to rescue them, people briefed on the plan said. under the plan, the treasury department will buy billions of dollars in new mortgage securities ...
www.iht.com

Three Lenders Come Up With A New Way To Tap Into Equity - Chicago Tribune
washington—improbable as it sounds at a time when american homeowners have lost billions in equity holdings, a new industry is taking shape to help them tap portions of their equity without incurring traditional mortgage debt or making interest ...
www.chicagotribune.com

Outside Brokers Are Helping Wachovia On Troubled Loans
charlotte -- in its effort to shed troubled pick-a-payment mortgage loans, wachovia corp. is turning to outside brokers for help contacting customers about refinancing options, sources have told the charlotte observer .
www2.journalnow.com

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

Freddie Mac Overstated Capital Base - Chicago Tribune
the government's planned takeover of fannie mae and freddie mac , expected to be announced as early as sunday, came together hurriedly after advisers poring over the companies' books for the treasury department concluded that freddie's accounting ...
www.chicagotribune.com