Selling Mortgage Leads News for 07/15/2008




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Semiannual Monetary Policy Report to the Congress (Federal Reserve Board)
The U.S. economy and financial system have confronted some significant challenges thus far in 2008. The contraction in housing activity that began in 2006 and the associated deterioration in mortgage markets that became evident last year have led to sizable losses at financial institutions and a sharp tightening in overall credit conditions...

Two Mortgage Giants To Get Federal Help (R News)
The Federal Reserve and the Treasury Department announced a plan which may include direct loans from the fed to two mortgage giants at the same rate commercial banks are charged. The Treasury Department says it will ask congress to expand its line of credit to both Fannie Mae and Freddie Mac...

Federal Reserve tightens US home mortgage lending - AFP

ABC News

Federal Reserve tightens US home mortgage lending
AFP - Jul 14, 2008
WASHINGTON (AFP) EUR” The US Federal Reserve on Monday tightened home mortgage lending in a bid to improve consumer protection from practices blamed in part .
Fed gets tougher on home lenders San Francisco Chronicle
Fed's war against shady home loans CNNMoney.com
Fed adopts plan to curb shady mortgage practices BusinessWeek
Los Angeles Times - BBC News
all 1,088 news articles
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Fitch Assigns American Home Resi Servicer Ratings: On Rating Watch . - MarketWatch

Fitch Assigns American Home Resi Servicer Ratings: On Rating Watch .
MarketWatch - Jul 14, 2008
NEW YORK, Jul 14, 2008 (BUSINESS WIRE) -- Fitch Ratings assigns the following residential servicer ratings to American Home Mortgage Servicing, Inc. (AHMS). .
American Homes Servicing Platform Receives Initial Ratings from Fitch Housing Wire
Fitch Downgrades & Withdraws Option One's Resi Servicer Ratings Business Wire (press release)
Fitch downgrades IndyMac's servicer ratings CNNMoney.com
MarketWatch - MarketWatch
all 39 news articles
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McMillin, Wells Fargo Cement Mortgage Banking Alliance - San Diego Business Journal

McMillin, Wells Fargo Cement Mortgage Banking Alliance
San Diego Business Journal, CA - 4 hours ago
The joint venture, called McMillin Home Mortgage, allows the builder to generate better economies of scale for financing in a time of falling sales volume, .
Mortgage approval made easy IndiaPost.com
all 2 news articles
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Editorial: Finally, some common sense in mortgage market - San Jose Mercury News

ABC News

Editorial: Finally, some common sense in mortgage market
San Jose Mercury News,  USA - 17 hours ago
Americans still need answers about the home mortgage meltdown that's dragging the US economy toward recession. But finally there's progress toward reversing .
Video: Bank worries offset Fannie rescue ReutersVideo
Fed support for home loans should bolster local mortgage business Marshall News Messenger
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
Tribune Review - CNNMoney.com
all 8,392 news articles
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Home Prices Are Low, But Getting a Mortgage Is Tough - Wall Street Journal Blogs

Home Prices Are Low, But Getting a Mortgage Is Tough
Wall Street Journal Blogs, NY - 9 hours ago
The trouble is: Potential home buyers face stricter standards and higher costs in securing a mortgage. According to an article in todays WSJ, .
Mortgage insurers tighten standards: report Reuters
all 4 news articles
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Wachovia Leads Banks Down (US News & World Report)
Oppenheimer says the bank's outlook is "bleak" for shareholders...

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Stick to basics for the home mortgage - Adelaidenow

Adelaidenow

Stick to basics for the home mortgage
Adelaidenow, Australia - Jul 13, 2008
"However, even with this rapidly changing home loan market, the fundamentals of making your mortgage work for you have remained constant throughout the .
..

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Bush touts mortgage plans, offshore drilling - CNNMoney.com

China Daily

Bush touts mortgage plans, offshore drilling
CNNMoney.com - 7 hours ago
. is taking action to help people with falling home values and high gas prices. Bush highlighted plans to stabilize the mortgage lenders Fannie Mae (FNM, .
Video: Bush: Congress Must Act Now CBS
Text of President Bush's news conference The Associated Press
Bush Notes Difficult Times For American Families WTVW
all 2,333 news articles
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Financial collapse edges closer - Asia Times Online

The Money Times

Financial collapse edges closer
Asia Times Online, Hong Kong - 15 hours ago
. banks in the 1920s had been relatively conservative in their lending, with many banks requiring a 50% down payment for home mortgage loans, for example. .
Too big to fail guardian.co.uk
Our View: Uncle Sam to the rescue - again Peoria Journal Star
Who exactly are Freddie and Fannie? MoneyWeek (subscription)
Motley Fool - CBS News
all 83 news articles
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Dollar leads the EUR˜ugly parade (Financial Times)
The fallout from the US rescue plan for Fannie Mae and Freddie Mac on Tuesday sent dollar bulls scuttling for cover while raising the question: how much more pain can the battered US currency take?..

Move to Shore Up Fannie Mae and Freddie Mac Gets Mixed Results (NYTimes.com via Yahoo! Finance)
Wall Street fell a day after the administration announced a plan to help restore confidence in the mortgage finance companies. But key Democratic leaders expressed support for the plan...

Two Out of Three Consumers Find Home Loans Harder To Get - Seeking Alpha

Two Out of Three Consumers Find Home Loans Harder To Get
Seeking Alpha, NY - 9 hours ago
Of those who applied for a home mortgage, 67 percent found it more difficult; for a home equity line of credit (HELOC), that number was 65 percent. .
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Refinancing Your Home Mortgage Loan - Best Syndication

Best Syndication

Refinancing Your Home Mortgage Loan
Best Syndication, CA - Jul 13, 2008
You're considering refinancing your home mortgage loan to save money. Interest rates are the lowest they have been in decades. But, you're asking yourself, .
Basic Mortgage Terms Best Syndication
all 2 news articles
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Sununu leads health center funding fight (New Hampshire Union Leader)
Sen. John Sununu said yesterday he's confident a $200,000 earmark he secured to help fund the Manchester Community Health Center's new facility will remain in the 2009 budget...

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Raytheon Leads Team to Evaluate Impact of New Classes of Aircraft for NASA (SpaceRef)
Raytheon Leads Team to Evaluate Impact of New Classes of Aircraft for NASA..

Text of President Bush's news conference (AP via Yahoo! News)
Here is a text of President Bush's news conference Tuesday, as provided by the White House:..

Toronto-Dominion Leads Drop Among Canadian Lenders (Update1) (Bloomberg.com)
July 15 (Bloomberg) -- Toronto-Dominion Bank , Canada's second-largest lender, led a decline of Canadian financial firms in Toronto Stock Exchange trading on concerns that loan losses in the U.S. will rise as economic growth slows...

Troubled Economy A Boost For Repo Business (CBS News)
A poor economy leads to busy days of work for thos looking to repossess items, especially marine products...



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