Selling Mortgage Leads News for 07/12/2008




Dollar Falls to Within Cent of All-Time Low on Fannie, Freddie (Bloomberg.com)
July 11 (Bloomberg) -- The dollar dropped to within a cent of the all-time low against the euro on concern the U.S. government may be forced to take over mortgage lenders Fannie Mae and Freddie Mac...

Lehman leads banks in Friday sell-off (Crain's New York Business)
Shares of investment banks tumbled Friday, led by a 23% decline at Lehman; the Dow dropped below 11,000 for the first time in two years amid Fannie Mae and Freddie Mac woes...

US housing loan woes ripple across global markets - International Herald Tribune

US housing loan woes ripple across global markets
International Herald Tribune, France - Jul 11, 2008
Moreover, virtually every US home mortgage lender, from giants like Citigroup to the smallest local banks, relies on Fannie Mae and Freddie Mac to grease .
US Mulls Future of Fannie, Freddie Wall Street Journal
When faith is frayed Los Angeles Times
Washington Voices Support for Troubled Mortgage Companies; Oil . Voice of America
Washington Post - MarketWatch
all 1,116 news articles
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Housing help is on the way from Washington, but scope may be limited - Middle East North Africa Financial Network

Reuters

Housing help is on the way from Washington, but scope may be limited
Middle East North Africa Financial Network, Jordan - 15 hours ago
Between them they own or guarantee about $5 trillion of mortgages, almost half of all US home-mortgage debt outstanding. Read full story. .
Senate poised to pass housing bill CNNMoney.com
HUD boss: Let's keep families in homes Detroit Free Press
Treasury secretary: Many foreclosures can't be prevented San Jose Mercury News
MarketWatch - The Union Leader
all 169 news articles
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MORTGAGE MONSTERS (New York Post)
THE stock of mortgage giants Freddie Mac and Fannie Mae fell sharply this week. The drop not only shows how far they've fallen in investors' esteem - it calls into question both how the government regulates the companies and plans in Congress to...

Deloitte Survey: Two Out of Three Consumers Say Mortgages and . - Biloxi Sun Herald

Deloitte Survey: Two Out of Three Consumers Say Mortgages and .
Biloxi Sun Herald,  USA - Jul 11, 2008
Deloitte's survey revealed: -- Of those who applied for a home mortgage, 67 percent found it more difficult; for a home equity line of credit (HELOC), .
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Mortgage Leads With More Accurate Data
How new mortgage leads with improved data - with regard to quantity and quality - are revolutionizing the lead industry and helping loan brokers through the mortgage crisis...

Refinance Leads - a Mortgage Lead is a Mortgage Lead . or is It?
Article distinguishes between the many types of mortgage leads, and their relative pros and cons...

Mortgages: Why Fannie Mae and Freddie Mac Cant Fail (Newsweek)
Why the two mortgage giants can't be allowed to fail...

Mortgage leads, A Referral System That works Best For You
I worked for years as a mortgage loan officer. During this time I worked with two highly successful mortgage loan officers...

Dollar Falls to Within Cent of All-Time Low on Fannie, Freddie (Bloomberg.com)
July 12 (Bloomberg) -- The dollar dropped to within a cent of the all-time low against the euro on concern losses at Fannie Mae and Freddie Mac may deepen even after policy makers said the companies aren't facing a government takeover...

FDIC Establishes Successor to IndyMac Bank - MarketWatch

Boston Globe

FDIC Establishes Successor to IndyMac Bank
MarketWatch - 20 hours ago
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgage loans to .
IndyMac depositors pull cash as mortgage woes grow guardian.co.uk
US Lender IndyMac Collapses Sky News
IndyMac Seized by US Regulators; Schumer Blamed for Failure Bloomberg
AFP - Reuters
all 1,075 news articles
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No EUR˜magic bullet for home loan crisis - Times Online

Times Online

No EUR˜magic bullet for home loan crisis
Times Online, UK - 1 hour ago
. of mortgage finance, published in the next few days, will disappoint housebuilders and lenders hoping for an early end to the freeze in the home-loans .
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Panic as Fannie Mae and Freddie Mac dive - Times Online

Telegraph.co.uk

Panic as Fannie Mae and Freddie Mac dive
Times Online, UK - 1 hour ago
Today Fannie and its younger sibling, Federal Home Loan Mortgage Corporation, AKA Freddie Mac, guarantee about $5 trillion (2.5 trillion) of mortgages, .
Video: Fears Grow Over Mortgage Giants AssociatedPress
Local housing market could get even tighter Fort Worth Star Telegram
Fannie and Freddie: Who are these guys? AZ Central.com
Pittsburgh Tribune-Review - guardian.co.uk
all 4,620 news articles
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Computer grads lag as jobs grow (The Sacramento Bee)
Computer science is one of the fastest-growing job sectors in Sacramento, it pays well, often doesn't require a four-year degree EUR but local community college students are still shunning it. Norv Wellsfry leads a computer applications class in June at Cosumnes River College. He says he is astounded that more students aren't signing up for information technology classes because the job ...

2 in 3 Americans say harder to get mortgage: survey - Reuters

2 in 3 Americans say harder to get mortgage: survey
Reuters - Jul 11, 2008
According to a survey commissioned by Deloitte LLP, 67 percent of people who applied for a home mortgage found the process more difficult than before the US .
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N.E. Neighbors mortgage effort needs volunteers (The Altoona Herald-Mitchellville Index)
Des Moines-area neighborhoods, particularly those in the 50317 ZIP code, have seen an increased number of foreclosures, which leads to a greater number of vacant and unkempt homes...

Mortgage Leads
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Two more banks raise home mortgage rates - The Age

NEWS.com.au

Two more banks raise home mortgage rates
The Age, Australia - Jul 11, 2008
THE Commonwealth and ANZ banks have followed St George and BankWest by increasing their variable home loan interest rates independently of the Reserve Bank. .
Double trouble to hit home in mortgage belt Sydney Morning Herald
Big banks push home loans closer to 10 pc Melbourne Herald Sun
Commonwealth Bank hikes interest rates NEWS.com.au
Sydney Morning Herald - Melbourne Herald Sun
all 386 news articles
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FTSE 100 movers: Resources stocks shine on another grim day (ShareCast)
LONDON (SHARECAST) - Oil groups and miners are the only cheery notes on another bleak day for Footsie. ENRC leads the miners with Cairn Energy and Tullow the best oil groups as the price of crude shoots up to $146 per barrel on Iran worries...

Analysts have zero hopes for IndyMac - Los Angeles Times

Analysts have zero hopes for IndyMac
Los Angeles Times, CA - Jul 8, 2008
Most of the IndyMac branches being acquired by Northbrook, Ill.-based Prospect are former offices of American Home Mortgage Investment Corp. of Melville, .
IndyMac Agrees to Sell Wall Street Journal
IndyMac Failure May Distress Senior Homeowners HULIQ (press release)
US Bank Buys Stall on Housing Slump, Loan Defaults (Update1) Bloomberg
Sacramento Bee - Los Angeles Times
all 291 news articles
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Mortgage leads, A Referral System That works Best For You
I worked for years as a mortgage loan officer. During this time I worked with two highly successful mortgage loan officers. However, their styles were as opposite as they come. These two loan officers were opposites to the point where ...

U.S. Stocks Climb; Alcoa Leads Rally in Raw-Materials Producers (Bloomberg.com)
July 10 (Bloomberg) -- U.S. stocks rose, helping the Standard & Poor's 500 Index rebound from a two-year low, after Dow Chemical Co.'s agreement to buy Rohm & Haas Co...

UPDATE: Home Builders Fall As FNM, FRE Turmoil Persists - CNNMoney.com

ABC News

UPDATE: Home Builders Fall As FNM, FRE Turmoil Persists
CNNMoney.com - Jul 11, 2008
Known as GSEs, they touch 70% of the mortgages made nationwide, and they own or guarantee about half of the US home-mortgage debt outstanding. .
Stocks Skid as Mortgage Backers Plunge BusinessWeek
Bets on Fannie and Freddie Hit Home at These Funds Morningstar.com
Option traders see big swings in mortgage REITs Reuters
Reuters - Reuters
all 1,067 news articles
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Report: WaMu leads in mortgage-related layoffs, California 2nd (East Bay Business Times)
Washington state and Washington Mutual Inc. led the nation in the number of mortgage-related layoffs in the latest quarter, according to a recent mortgage employment survey..

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