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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: mortgage lender

mortgage lender stories: 27 news summaries

21 - 27 of 27 Stories | << Prev 1 2

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Hotline for At-Risk Loans Not So Helpful 

Subprime victims find Hope Now Alliance doesn't live up to billing

Mar 13, 08 3:46 PM CDT
(Newser) - A hotline aimed at helping distressed mortgage borrowers is frequently overwhelmed by caller volume and rarely able to provide substantive aid, MSNBC reports. The Hope Now Alliance—a group of lenders and community groups heavily promoted by President Bush—is designed to improve lender-borrower communication and modify mortgages, most commonly... More »

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foreclosure • mortgage • mortgage backed securities • mortgage lender • subprime crisis • George W. Bush • securitized loan pools • New Hope Alliance

Senate GOP Stymies Dem Housing Relief

Republicans say plan to aid homeowners would inflame crisis, hurt lenders

Feb 29, 08 8:51 AM CST
(Newser) - Capping a week of gridlock, GOP senators yesterday blocked consideration of a Democratic-backed housing-relief bill. The mortgage industry had fought hard against the proposal, which would allow judges to slash interest rates for low-income homeowners facing bankruptcy, the Washington Post reports. The bill also included billions of dollars for local... More »

MORE ABOUT:
subprime mortgages • foreclosure • Mel Martinez • mortgage lender • housing crisis • Richard Durbin • George W. Bush

Freddie Mac Chief: Housing Market Will Get Worse in 2008

Tells investors to expect losses in fourth quarter

Dec 12, 07 11:14 AM CST
(Newser) - Predicting even tougher times for the US housing market, Freddie Mac chief Richard Syron yesterday told investors in New York that the government-sponsored mortgage lender would report another net loss in the fourth quarter and credit losses to $12 billion on its mortgage portfolio, reports the Financial Times. Freddie... More »

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subprime mortgages • foreclosure • mortgage • Freddie Mac • default • mortgage lender • financial crisis

Mortgage Mess Was 100% Avoidable

Lax oversight has huge cost, American Prospect editor writes

Aug 29, 07 7:39 PM CDT
(Newser) - Blame for the current economic disaster should be placed squarely on the shoulders of the US government, for deregulation that allowed speculators to cash in, writes the American Prospect’s Robert Kuttner. Helping boost "ordinary people" into the "propertied class" has fallen out of favor in Washington, with... More »

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subprime mortgages • Ronald Reagan • US government • US economy • Franklin D. Roosevelt • mortgage lender

Condo Crash
Is Just
Beginning

Glut of new units and failing contracts yet to peak

Aug 25, 07 11:40 AM CDT
(Newser) - Mortgage lenders are about to be hit with another wave of foreclosures and bankruptcies, the Journal reports, as the crisis kicks in in condo market. Because buildings take years to complete, even after buyers have signed contracts, the effect of declining property values and tight credit are slower to talk... More »

MORE ABOUT:
real estate • foreclosure • mortgage • condominium • mortgage lender

Credit Crunch Continues, and So Do Ads

Lenders are still advertising cheap mortgages, but the loans aren't there

Aug 24, 07 6:43 AM CDT
(Newser) - As the credit crunch transforms the financial landscape, one thing hasn't changed: lenders continue to offer loans that are too good to be true. The Washington Post writes that mortgage companies are still offering risky products to risky customers—even Countrywide, which barely avoided bankruptcy, is flogging cheap money with... More »

MORE ABOUT:
advertising • subprime mortgages • loans • Countrywide • credit crisis • mortgage lender

Smaller Lenders Feel the Credit Squeeze

Boutique banks on the edge as liquidity crisis wears on

Aug 15, 07 11:03 AM CDT
(Newser) - As the subprime fallout continues and the credit squeeze tightens, thousands of smaller-scale mortgage banks find themselves in dire straits. The Wall Street Journal reports that small- and medium-sized lenders, even those with excellent credit quality, are suspending funding and laying off employees, which leaves giant corporations to grab more... More »

MORE ABOUT:
subprime mortgages • mortgage • loans • bank • Freddie Mac • Fannie Mae • liquidity • credit • Thornburg Mortgage • mortgage lender

21 - 27 of 27 Stories | << Prev 1 2


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