[News] Residential Construction Inches Up: Commerce Dept.

Author:  //  Category: Mortgage

U.S. residential construction spending rose slightly in April, reversing seven months of declines, according to data released today by the Commerce Department.

See original here:
[News] Residential Construction Inches Up: Commerce Dept.

Share/Save/Bookmark

MBS Issuance Soars at Fannie

Author:  //  Category: Mortgage

Monthly issuance of mortgage-backed securities shot up 131 percent at Fannie Mae, according to data reported by eMBS. Compared to a year earlier — volume was 120 percent higher. Fannie has issued more than $300 billion so far this year.

More here:
MBS Issuance Soars at Fannie

Share/Save/Bookmark

Paul Krugman Is Wrong on Inflation

Author:  //  Category: Mortgage

… on the overall performance of the Federal Reserve since the initial stages of the subprime mortgage meltdown, I would not be sanguine about their ability to inhibit the expansion of …

Source:
Paul Krugman Is Wrong on Inflation

Share/Save/Bookmark

How Does A California Loan Modification Work?

Author:  //  Category: Mortgage

… – California loan modification attorney can lower mortgage interest rate, reduce principal, and make monthly … high interest rates as a result of subprime lending the break to refinance. If you …

Go here to see the original:
How Does A California Loan Modification Work?

Share/Save/Bookmark

Alt-A Ratings Raised at BoA Servicing Unit

Author:  //  Category: Mortgage

Fitch Ratings said it raised Wilshire Credit Corp.’s primary servicer rating for Alt-A mortgages. Overall servicing expertise and an additional year of seasoning as an Alt-A servicer were cited for the upgrade. Wilshire is an indirect subsidiary of Merrill Lynch & Co., which was acquired by Bank of America Corp.

Credit:
Alt-A Ratings Raised at BoA Servicing Unit

Share/Save/Bookmark

Lenders One Fundings Nearly Double

Author:  //  Category: Mortgage

Aggregate originations at Lenders One Mortgage Cooperative were up 88 percent during the first quarter compared to the second quarter, the company reported to MortgageDaily.com. Volume soared 128 percent from a year earlier. A record number of new members were added during the latest period.

See the rest here:
Lenders One Fundings Nearly Double

Share/Save/Bookmark

Mortgage Meltdown, More Pain To Come

Author:  //  Category: Mortgage

… and Freddie Mac Account for 56% of Mortgages Private Label Mortgages (Those Securitized by Wall … Please see The Wave of Resets from Subprime Loans Is Mostly Behind Us. There Are …

See more here:
Mortgage Meltdown, More Pain To Come

Share/Save/Bookmark

World leaders come to Pittsburgh to assess global economic situation

Author:  //  Category: Mortgage

… as it is in other areas of the country. We’ve had nowhere near the subprime mortgage problems, the overbuilding of homes.” Gibbs caused a moment of confusion and elicited some …

See more here:
World leaders come to Pittsburgh to assess global economic situation

Share/Save/Bookmark

Housing: New law amounts to declaration of war vs. mortgage fraud

Author:  //  Category: Mortgage

… declaration of war a war against mortgage fraud. Just as security and intelligence agencies … the real estate mess, starting with the subprime boom, Wall Street hanky-panky and more recent …

Originally posted here:
Housing: New law amounts to declaration of war vs. mortgage fraud

Share/Save/Bookmark

April Activity Worse at Fannie

Author:  //  Category: Mortgage

New business acquisitions tumbled 38 percent in April from March at Fannie Mae, according to a monthly summary. Business was down 13 percent from a year earlier. Residential delinquency of at lest 90 days increased 19 basis points in March from February.

See more here:
April Activity Worse at Fannie

Share/Save/Bookmark