Mortgage News

Major indexes closed out a volatile month with gains as Fed chief Bernanke and President Bush addressed housing issues and the economy

Original post by AnthonyK

Citigroup Inc, the largest U.S. bank, said today it agreed to buy the wholesale mortgage origination and servicing assets of ACC Capital Holdings, the parent of Ameriquest Mortgage Co, once one of the largest U.S. subprime lenders. Terms were not disclosed. The acquisition includes servicing rights on $45 billion of loans, as well as a small amount of other loans and residuals.

Original post by Yahoo! News Search Results for mortgage

Ameriquest Mortgage Co, once the largest U.S. sub-prime mortgage lender, plans to wind down its retail mortgage business, Chris Orlando, a spokesman for Ameriquest’s parent ACC Capital Holdings, said today.

Original post by Yahoo! News Search Results for mortgage

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

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

President Bush outlined ways the federal government can help troubled borrowers keep their homes Friday in an effort to address rising foreclosures fueled by the mortgage crisis.

Original post by Yahoo! News Search Results for mortgage

President Bush’s proposals to help shore up the ailing mortgage market are at the center of a debate in Washington over how far government should go to help borrowers who got in over their heads.  By MSNBC.COM’s John W. Schoen.

Original post by Yahoo! News Search Results for mortgage

President Bush outlined ways the federal government can help troubled borrowers keep their homes Friday in an effort to address rising foreclosures fueled by the mortgage crisis. The administration’s first attempt at dealing with a wave of defaults is…

Original post by Yahoo! News Search Results for mortgage

The buyout firm has reduced its offer price for the mortgage outfit—and may still be looking for a way out of the deal

Original post by AnthonyK

NEW YORK—-Fitch rates Structured Asset Mortgage Investments II Trust 2007-AR5 asset-backed certificates as follows: $546.67 million classes A-1, A-2, and A-3 senior certificates ‘AAA’; $13.86 million class B-1 ‘AA+’; $6.63 million class B-2 ‘AA’; $4.52 million class B-3 ‘AA-’; $3.92 million class B-4 ‘A+’; $4.82 million class B-5 ‘A’; $5.72 million class B-6 ‘BBB’; $3.01 million class B-7 …

Original post by Yahoo! News Search Results for mortgage