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Mortgage Market News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Mortgage Market News

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  • The Next Trillion Dollar Federal Giveaway to Mega-Banks: Shooting Main Street Lenders For the Sins of Wall Street 24 Nov 2009 03:55 GMT
    ... restore borrower and investor confidence, and will contribute to long term stability in the mortgage market (see my post, But buried in the enormously complex Administration, Frank and Dodd regulatory ...

  • Citi Says Mortgage Principal Forgiveness Must Rise 24 Nov 2009 07:13 GMT
    ... main problem of the mortgage industry shifts from house-price depreciation to unemployment, the stressed mortgage market needs more programs " where there is principal reduction for borrowers with negative equity" ...

  • Weak dollar helps Cat, McDonald's 24 Nov 2009 09:18 GMT
    ... markets and $1.72 billion in bank losses and writedowns from the collapse of the subprime-mortgage market prompted government rescue plans that have accelerated the dollar's retreat. Policy makers say they ...

  • William Beaumont Hospitals to sell $270 million in bond market 24 Nov 2009 08:51 GMT
    ... originally proposed to issue $757 million in bonds, but the meltdown in the subprime mortgage market caused investors to become skittish. The second bond issue nearly covers Beaumont's refinancing efforts. ...

  • The Obama/ Goldman Sachs Small Business Scam? 24 Nov 2009 08:21 GMT
    ... avoid criminal prosecution for alleged crimes committed in their deep foray into the sub-prime mortgage market) from the Obama administration. That's the kind of thing you do when you want ...

  • The Red Flag Group Launches its Financial Services Practice 24 Nov 2009 09:13 GMT
    ... were unrelated. In the US and UK, what started as weaknesses in the sub-prime mortgage market, brought on by imprudent lending practices, spread its contagion to other credit markets, and ...

  • The Red Flag Group Launches its Financial Services Practice (PRN) 24 Nov 2009 09:18 GMT
    ... were unrelated. In the US and UK, what started as weaknesses in the sub-prime mortgage market, brought on by imprudent lending practices, spread its contagion to other credit markets, and ...

  • Weekly Market Notes: Is the Data Really That Bad? 23 Nov 2009 10:19 GMT
    ... the first sale to tap a U.S. program to unlock lending in the commercial mortgage market. The bond is backed by 28 properties owned by Developers Diversified Realty Corp. The ...

  • Investment funds profit again off mortgages 23 Nov 2009 10:34 GMT
    ... Henderson, Nev., that once originated Alt-A loans, which are just above subprime. After the mortgage market imploded, Meridias began dissecting portfolios of troubled loans for investment funds. Because firms like ...

  • FHA feeling heat to toughen up, fatten reserves 23 Nov 2009 14:16 GMT
    ... wants Congress to order FHA to reduce maximum concessions to 2 percent. In the mortgage market, FHA is by far the most lenient and flexible player when it comes to ...

  • Average cost of fixed rate mortgage falls below 5% for first time in five months 23 Nov 2009 13:24 GMT
    ... said: 'Borrowers are finally starting to see more positive news coming out of the mortgage market. 'Falling rates on popular two-year fixed-rate mortgages, occurring against a backdrop of lenders raising ...

  • Two-year fixed-rate mortgage costs drop below 5% 23 Nov 2009 11:51 GMT
    ... said: "Borrowers are finally starting to see more positive news coming out of the mortgage market. "Falling rates on popular two-year fixed-rate mortgages, occurring against a backdrop of lenders raising ...

  • Will the FHA Need a Bailout? 23 Nov 2009 22:14 GMT
    ... $1.6 billion to cover its portfolio by 2011 — but that’s assuming an improved mortgage market and lower homeowners mortgage delinquency rates. One point that favors the FHA is that ...

  • The good, the bad and the government 23 Nov 2009 05:56 GMT
    ... has been tumultuous to say the least. There are still fundamental problems with the mortgage market that affect every potential borrower. Of course, like many tough situations, there are both ...

  • Fixed-rate mortgage costs drop 23 Nov 2009 12:14 GMT
    ... said: "Borrowers are finally starting to see more positive news coming out of the mortgage market. "Falling rates on popular two-year fixed-rate mortgages, occurring against a backdrop of lenders raising ...


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