Archive for August, 2007

Fending Off the Mortgage Crunch (Washington Post)

Friday, August 31st, 2007

Homeowners who fall behind on mortgage payments have options to help avoid foreclosure.

Original post by Yahoo! News Search Results for mortgage

Ameriquest closes, Citigroup buys mortgage assets (Washington Post)

Friday, August 31st, 2007

NEW YORK (Reuters) - Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation’s housing market slump.

Original post by Yahoo! News Search Results for mortgage

Bush unveils modest mortgage proposals (AP via Yahoo! News)

Friday, August 31st, 2007

President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.

Original post by Yahoo! News Search Results for mortgage

Mortgage rates drop to lowest level in 3 months (The Providence Journal)

Friday, August 31st, 2007

WASHINGTON (AP) — Rates on 30-year mortgages fell last week to the lowest level in three months.

Original post by Yahoo! News Search Results for mortgage

Citigroup Buying Mortgage Unit From ACC (AP via Yahoo! Finance)

Friday, August 31st, 2007

Citigroup Inc. agreed Friday to buy the wholesale mortgage origination and servicing assets of ACC Capital Holdings, one of the nation’s largest mortgage lenders.

Original post by Yahoo! News Search Results for mortgage

Ameriquest closes, Citigroup buys mortgage assets (Reuters via Yahoo! News)

Friday, August 31st, 2007

Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation’s housing market slump.

Original post by Yahoo! News Search Results for mortgage

Bush Offers Help to Overwhelmed Mortgage Holders (NPR)

Friday, August 31st, 2007

Responding to the growing wave of mortgage foreclosures, President Bush has announced measures that could help some troubled borrowers keep their homes. But only a small fraction of subprime borrowers will be eligible.

Original post by Yahoo! News Search Results for mortgage

Bernanke Keeps ‘Em Guessing

Friday, August 31st, 2007

The Fed chief’s Aug. 31 speech only touched on current economic and market conditions, offering no clear signals on the next policy move

Original post by AnthonyK

Hawaii mortgage interest rates down (BizJournals)

Friday, August 31st, 2007

Hawaii’s three largest banks dropped rates on 30-year fixed interest mortgages again this week.

Original post by Yahoo! News Search Results for mortgage

Citigroup in deal for subprime mortgage assets (Market Watch)

Friday, August 31st, 2007

SAN FRANCISCO (MarketWatch) — Citigroup Inc. late Friday said it had acquired the wholesale mortgage origination and servicing assets of subprime-mortgage lender ACC Capital Holdings, including the servicing rights on $45 billion of home loans.

Original post by Yahoo! News Search Results for mortgage