Mortgage and Financial News From 2007-8-24 Page 6

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• Home-loan lenders still shedding jobs

  Orlando Sentinel - Central Florida's job losses in the troubled mortgage-lending industry are approaching 350 this year after the latest round of layoffs by another defunct lender, a state agency reported Wednesday. First Magnus Financial Corp., based in Tucson, Ariz ...
  2007-08-24 09:27:00

• Mortgage lenders shut down

  Inside Bay Area - NEW YORK — As the mortgage shakeout forces dozens of home lenders into bankruptcy, some are merely going into something like suspended animation — shutting down temporarily and hoping to escape intact once the crisis has run its course. Companies ...
  2007-08-24 09:34:00

• Out of the Gate: Accredited Home

  Boston Globe - NEW YORK -- Shares of Accredited Home Lenders Holding Co. dipped at the opening bell Friday after the mortgage lender said its chief financial officer resigned. Accredited Home Lenders disclosed in a regulatory filing Chief Financial Officer John S ...
  2007-08-24 02:06:00

• 30-Year Mortgage Rate Lowest Since May

  The Ledger - Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for would-be home buyers.Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent ...
  2007-08-24 11:29:00

• RPT-UPDATE 1-Fannie July mortgage holdings jump, just below cap

  Reuters - Last: NEW YORK, Aug 24 (Reuters) - Fannie Mae's (FNM.N: Quote , Profile , Research ) mortgage portfolio swelled nearly 13 percent in July, when the largest U.S. home funding company sopped up cheap mortgage-backed securities. The increase put the ...
  2007-08-24 02:21:00

• UPDATE 2-Fannie July mortgage holdings jump, slim growth room

  Reuters - NEW YORK, Aug 24 (Reuters) - Fannie Mae's (FNM.N: Quote , Profile , Research ) mortgage portfolio swelled in July, when the largest U.S. home funding company bought up cheap mortgage-backed debt, leaving it scant room to grow under current limits set ...
  2007-08-24 03:18:00

• Fannie July mortgage holdings jump, just below cap

  Reuters - Last: NEW YORK, Aug 24 (Reuters) - Fannie Mae's mortgage portfolio swelled nearly 13 percent in July, when the largest U.S. home funding company sopped up cheap mortgage-backed securities. The company's mortgage holdings expanded for the third ...
  2007-08-24 01:59:00

• Wachovia will lay off mortgage workers (Contra Costa Times)

  The mortgage morass has engulfed more workers in the East Bay with a Wachovia Corp. decision to jettison at least 100 home-lending jobs in the region. The move comes on the heels of a steadily worsening crisis in the residential real estate market and skepticism on Wall Street about Wachovia's
  2007-08-24 03:04:37

• Mortgage lenders shut down (Inside Bay Area)

  NEW YORK — As the mortgage shakeout forces dozens of home lenders into bankruptcy, some are merely going into something like suspended animation — shutting down temporarily and hoping to
  2007-08-24 09:54:18

• Congress is taking aim at mortgage practices (Boston Globe)

  WASHINGTON -- Spurred by the crisis in the home mortgage industry, Congress is readying a slew of proposals aimed at changing some lending practices and helping financially distressed homeowners hang onto their homes.
  2007-08-24 09:16:55

• Out of the Gate: Accredited Home (AP via Yahoo! Finance)

  Shares of Accredited Home Lenders Holding Co. dipped at the opening bell Friday after the mortgage lender said its chief financial officer resigned.
  2007-08-24 01:54:50

• Home buyers cheer mortgage rate dip (Inside Bay Area)

  WASHINGTON — Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for would-be home buyers.
  2007-08-24 10:09:19

• Mortgage mess fallout: foreclosure rescue scams (CNNMoney.com via Yahoo! Finance)

  Jennifer Falke and her family had been in their Columbus, Ohio home for nearly 12 years when they hit a rough patch in 2006. Falke was out of work and fell behind on the mortgage.
  2007-08-24 03:44:00

• American Home Mortgage: Aseguradoras y agentes bloquean ventas (El Paso Times)

  WASHINGTON—American Home Mortgage Investment Corp. dice que compañías aseguradoras y agentes fiduciarios "no familiarizados" con la ley de bancarrotas están impidiendo sus esfuerzos de venta de propiedades con hipoteca ejecutada.
  2007-08-24 12:19:09

• Mortgage Meltdown: Interest Rates Climbing

  KGO - (KGO) - Interest rates are all over the place following the meltdown in the mortgage industry. The changes could mean higher house payments, while saving rates are moving both down and up. You may have been hearing a lot late about liquidity in the ...
  2007-08-23 12:53:00

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