Selling Mortgage Leads News for 09/06/2008




Bakersfield leads nation in new citizens sworn (San Francisco Chronicle)
Bakersfield is the nation's leader in the number of new naturalized citizens per capita. Federal immigration officials say the Central Valley city reported a 90 percent increase between 2006 and 2007 to be top in the country. That's 2,576 people taking the...

Read Sen. John McCain's Full Speech (ABC News)
John McCain accepts GOP nomination for president, leads Republican party...

Canada bank CEOs see more credit crisis uncertainty (MSN Money Canada)
CALGARY, Alberta (Reuters) - Fallout from the U.S. subprime mortgage crisis and subsequent credit crunch has left nagging regulatory uncertainties and will prompt big changes in global banking, Canadian bank executives said on Friday...

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Home loan troubles break records again - The Associated Press

The Associated Press

Home loan troubles break records again
The Associated Press - 12 hours ago
As the economy falters and home prices keep falling, concern is building about a second wave of mortgage defaults flooding the market through 2010. .
Foreclosure Effect on Home Prices May Be Small Wall Street Journal Blogs
Utah home foreclosure rate edges up Salt Lake Tribune
US Mortgage Foreclosures, Delinquencies Reach Highs (Update3) Bloomberg
Reuters - The Associated Press
all 623 news articles
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Florida leads in housing defaults (Bradenton Herald)
Florida continues to lead the nation in mortgage delinquencies, with one in every seven borrowers either in foreclosure or behind on their payments at the end of June, the Mortgage Bankers Association said Friday...

Risky Loans Hurt Lender in California (New York Times)
Downey has been racked by the mortgage crisis and federal regulators ordered it to shore up its finances and provide a detailed plan to reduce its assets and strengthen management...

Tough economic news leads to 340-point Dow dive (Cape Cod Times)
NEW YORK - Wall Street plunged today, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added dismal economic news...

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Smoking Hot Refi Mortgage Leads in September
We look forward to the kids going back to school, all the tourists going home, and the beaches and roadways clearing up. But add to the list this month, a strong showing for Refinance Mortgage Leads. Refi Leads are holding strong at 93% ...

Rangel's interest-free villa (Memphis Commercial Appeal)
Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday...

Russia's home mortgage delinquencies low -Moody's - Reuters

Russia's home mortgage delinquencies low -Moody's
Reuters - Sep 1, 2008
Prepayment rates have been high, averaging 20 percent in the first half of 2008, as borrowers seek to repay mortgage loans as fast as possible. .
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Florida tops in lapsed mortgages (The Palm Beach Post)
One in 12 mortgage borrowers in Florida are critically behind on their loan payments, the Mortgage Bankers Association said Friday...

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Fuel leads the wholesale increase (Scoop.co.nz)
Seasonally adjusted total wholesale trade sales increased 3.1 percent ($686 million) for the June 2008 quarter, Statistics New Zealand said today. This follows a flat result for the March 2008 quarter, when sales were down 0.1 percent ($11 million)...

Bargain home prices here? Yes, but . - Dallas Morning News

Bargain home prices here? Yes, but .
Dallas Morning News, TX - 19 hours ago
Bankrate Inc., a nationwide financial research firm, recently reported that Texas has the second-highest home mortgage closing costs in the country. .
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Mortgages Fall Further - Wall Street Journal

KEZI

Mortgages Fall Further
Wall Street Journal - Sep 4, 2008
WASHINGTON -- Home mortgage rates moved lower this week after indications that consumer spending could slow, Freddie Mac's chief economist said. .
US 30-year mortgage rates fall in latest week Reuters
Mortgage rates ease: Third week in a row CNN
30-year mortgages dip slightly to 6.35 percent The Associated Press
United Press International - MarketWatch
all 121 news articles
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Home and Garden Calendar - Indianapolis Star

Home and Garden Calendar
Indianapolis Star, United States - 1 hour ago
Home-buying seminar: 6 pm Greenwood Public Library, 310 S. Meridian St. Qualifications for a mortgage, payment details, whether to buy now or later, .
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Foreclosed But Not Forgotten - Wall Street Journal

Business Wire (press release)

Foreclosed But Not Forgotten
Wall Street Journal - Sep 2, 2008
My favorite proposal is Mr. Shiller's call for the creation of a standard, consumer-friendly home- mortgage contract, leaving out the booby traps that .
Fiserv Case-Shiller(R) Home Price Insights: Despite Housing Crisis . MarketWatch
Fiserv Announces Plans to Leverage Its Case-Shiller(R) Home Price . MarketWatch
all 40 news articles
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Baytown woman sues lenders, says she was a victim of predatory . - Houston Chronicle

Houston Chronicle

Baytown woman sues lenders, says she was a victim of predatory .
Houston Chronicle, United States - Sep 4, 2008
Aiyer said the lawsuit was filed against Alpha Mortgage USA Inc., the original lender, and American Home Mortgage Servicing Inc., which now holds the loan. .
Texas woman sues over predatory lending Houston Chronicle
all 26 news articles
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Investments Are Faltering in Chrysler and GMAC - New York Times

RTT News

Investments Are Faltering in Chrysler and GMAC
New York Times, United States - Sep 4, 2008
That includes Residential Capital, which became one of the nations biggest mortgage providers and plunged into the market for riskier home loans that could .
GMAC's Home Loan Unit to Fire 5000, Shut 200 Offices (Update1) Bloomberg
UPDATE 1-GMAC to cut 5000 jobs at ResCap mortgage unit Reuters
GMAC to Cut 5000 Jobs At Ailing Mortgage Business Wall Street Journal
The Associated Press - Bloomberg
all 515 news articles
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Questions, and Hope, on Plans for Mortgage Giants - New York Times

Seattle Times

Questions, and Hope, on Plans for Mortgage Giants
New York Times, United States - 5 hours ago
Earlier on Friday, the Mortgage Bankers Association reported that in the second quarter home foreclosures set another record and delinquencies continue to .
Report: Treasury near plan for Fannie and Freddie CNNMoney.com
Fannie, Freddie takeover possible Los Angeles Times
Treasuries Drop on Speculation Government Will Prop Up Agencies Bloomberg
Reuters - Independent
all 803 news articles
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14 percent of Florida facing mortgage crisis (Sun-Sentinel)
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday...

Federal housing tax credit has mixed benefits - Indianapolis Star

Indianapolis Business Journal

Federal housing tax credit has mixed benefits
Indianapolis Star, United States - 1 hour ago
The program lets a bank or other lender write down a troubled mortgage to 85 percent of the home's appraised value and qualify borrowers for a new FHA .
Perk helping home sales Indianapolis Business Journal
all 3 news articles
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