Selling Mortgage Leads News for 08/26/2008




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UPDATE 1-Wells Fargo top mortgage executive to retire - Reuters

UPDATE 1-Wells Fargo top mortgage executive to retire
Reuters - 19 hours ago
Oman, a nearly 30-year company veteran, heads the bank's home and consumer finance group, which includes Wells Fargo Home Mortgage and Wells Fargo Financial .
Top mortgage exec at Wells Fargo retiring Bizjournals.com
Wells Fargo consumer finance group chief to retire Chicago Tribune
Wells Fargo Senior EVP Oman to Retire by Year-End 09 Business Wire (press release)
CNNMoney.com - Reuters
all 34 news articles
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Get ready for a mortgage maze - Minneapolis Star Tribune

Get ready for a mortgage maze
Minneapolis Star Tribune, MN - Aug 22, 2008
Paul Schuster, vice president of Marketplace Home Mortgage in Edina and the president-elect of the Minnesota Mortgage Association, said that the same .
Housing Rebound Unlikely Before 2009, HUD Chief Says (Update2) Bloomberg
Fannie, Freddie fleece taxpayers Alexandria Town Talk
Obama Wrapped in Hands of Mortgage Industry The Cutting Edge
BusinessWeek - Wall Street Journal
all 86 news articles
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Economists React: EUR˜All But a Prologue for Housing - Wall Street Journal Blogs

Earthtimes (press release)

Economists React: EUR˜All But a Prologue for Housing
Wall Street Journal Blogs, NY - 1 hour ago
Moreover, the uncertainties regarding the prospects for Fannie and Freddie may provide another disruption to a mortgage market that cannot yet function .
Home prices plummet to a new record CNN
US House-Price Slide Eases, S&P/Case-Shiller Shows (Correct) Bloomberg
Denver's housing market best in 20 cities from May to June Rocky Mountain News
Housing Wire - Wall Street Journal Blogs
all 504 news articles
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Taking Home Mortgage Loans - 3x24 - Your Newspaper and News Magazine

Taking Home Mortgage Loans
3x24 - Your Newspaper and News Magazine, Germany - 19 hours ago
There are also a number of reasons to why homeowners would want to refinance their home mortgage, and that includes: obtaining a fixed interest rate, .
Tips for the Best Mortgage 3x24 - Your Newspaper and News Magazine
all 3 news articles
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AIG loss leads 250-point Dow drop (The Washington Times)
Stocks sank in light trading Monday as worries about American International Group Inc. touched off broader concerns that the deterioration of the credit markets will bring more big losses for financial companies...

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The Credit Crunch Cuts Deeper and Wider (BusinessWeek Online via Yahoo! UK & Ireland Finance)
Despite lofty commodity prices and signs of inflation, tight credit continues to torment investors and economists. Can U.S. exports save the day?..

Florida Leads Nation In Mortgage Fraud, Reports States (The Tampa Tribune)
Florida ranks highest among all states for mortgage fraud, according to a report released today by Reston, Va.-based Mortgage Asset Research Institute...

US housing keeps teetering - Globe and Mail

ABC News

US housing keeps teetering
Globe and Mail, Canada - 10 hours ago
And that will add to investor worries about the state of the mortgage markets and credit woes facing the government-sponsored enterprises Fannie Mae and .
US home sales rise in July, but inventory hits record AFP
July home sales point to local slowdown LubbockOnline.com
Home sales slip in Southern cities in July Forbes
CNNMoney.com - Forbes
all 929 news articles
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Top mortgage exec at Wells Fargo retiring (Minneapolis - St. Paul Business Journal)
Wells Fargo & Co. announced Monday that its top mortgage executive, Mark Oman, will retire by the end of 2009...

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Foreclosures ensnare low-income renters - Los Angeles Times

Los Angeles Times

Foreclosures ensnare low-income renters
Los Angeles Times, CA - 11 hours ago
The collapse of home mortgage lending, which according to US Housing Secretary Steve Preston may lead to 2.5 million foreclosure filings nationwide this .
North County's foreclosures strike older neighborhoods Trading Markets (press release)
all 2 news articles
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New home sales rise, but grim news lurks - CNNMoney.com

New home sales rise, but grim news lurks
CNNMoney.com - 1 hour ago
By David Goldman, CNNMoney.com staff writer How has the housing crisis and mortgage meltdown affected you and your family? NEW YORK (CNNMoney.com) -- The .
Housing Recession Just Builds Wall Street Journal Blogs
New-home sales rose slightly in July, prices fell Town Hall
all 59 news articles
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Business Briefs: Tuesday, August 26, 2008 (The Oklahoman)
NATION Florida leads surge in mortgage fraudNEW YORK EUR” Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday. Properties in the Sunshine State accounted for nearly a quarter of all mortgage fraud incidents, the Mortgage Asset Research Institute said. California ranked second, followed by a ...

Fannie, Freddie in a rut (The Columbus Dispatch)
WASHINGTON -- Fannie Mae and Freddie Mac are giants of the mortgage-finance industry. But to investors, they're rapidly shrinking...

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Residential Finance Corp. Partners with Dale Vermillion for Sales Leadership Training (Centre Daily Times)
Residential Finance Corporation (RFC), a nationwide mortgage lender, today announced that mortgage industry expert, Dale Vermillion, has completed a three-day sales leadership training for sales managers and loan officers in the company's Columbus and Tampa offices. Vermillion has trained more than 250,000 mortgage professionals and consulted many of the nation's largest and most successful ...

Freddie, Fannie Mortgage Portfolio Growth Rate Slows (Update1) - Bloomberg

Earthtimes (press release)

Freddie, Fannie Mortgage Portfolio Growth Rate Slows (Update1)
Bloomberg - 2 hours ago
26 (Bloomberg) -- Freddie Mac and Fannie Mae bought home loans and mortgage securities at a slower pace last month as a combined $14.9 billion in net losses .
JPMorgans Mortgage Losses Rose in Quarter New York Times
Freddie pares mortgage commitments; Fannie to buy more MarketWatch
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
International Herald Tribune - Wall Street Journal
all 389 news articles
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The big secret in US housing - Christian Science Monitor

Boston Globe

The big secret in US housing
Christian Science Monitor, MA - Aug 24, 2008
Politicians don't want to face such an issue, as it strikes at the heart of federal support for a now-precarious home mortgage scheme that benefits mainly .
Freddie and Fannie: Living in the Past Seeking Alpha
Home-Price Watchers Hope Drop Slows Wall Street Journal
Click here for an archive of Jim Cramer's Mad Money recaps. TheStreet.com
Washington Times - Bankaholic
all 2,157 news articles
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Indiana sues Countrywide over mortgage practices - Reuters

The Money Times

Indiana sues Countrywide over mortgage practices
Reuters - 19 hours ago
N: Quote, Profile, Research, Stock Buzz) of deceptive and misleading practices that left borrowers with potentially risky and costly home loans. .
State sues mortgage company Countrywide Indianapolis Star
State sues mortgage lender Evening News and Tribune
State Suing Mortgage Lender 93.1 WIBC Indianapolis
WANE - Inside INdiana Business (press release)
all 150 news articles
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The Credit Crunch Cuts Deeper and Wider (BusinessWeek Online via Yahoo! News)
On Wall Street, the yearlong credit crunch continues to hog headlines. For example, the future is still in question for investment banks like Lehman Brothers and mortgage financiers (BusinessWeek.com, 8/22/08) Fannie Mae and Freddie Mac ...

Florida tops mortgage fraud list (WPTV West Palm Beach)
Florida leads the nation in the number of mortgage fraud cases..

Residential Finance Corp. Partners with Dale Vermillion for Sales Leadership Training (Business Wire via Yahoo! Finance)
COLUMBUS, Ohio----Residential Finance Corporation , a nationwide mortgage lender, today announced that mortgage industry expert, Dale Vermillion, has completed a three-day sales leadership training for sales managers and loan officers in the companys Columbus and Tampa offices...



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