Selling Mortgage Leads News for 09/09/2008




Experts expect takeover of mortgage giants to stabilize housing market (The Gainesville Times)
The governments historic bailout of Fannie Mae and Freddie Mac will be good news to home buyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts predict...

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Takeover leads to mortgage rate drop (Concord Monitor)
Mortgage rates fell sharply yesterday, as investors reacted to the government's takeover of Fannie Mae and Freddie Mac. And that's exactly what homeowners like Jim Chereskin had been waiting for...

Nationalize Fannie Mae? It Worked Until It Was Privatized - AlterNet

FinancialAdvice.co.uk

Nationalize Fannie Mae? It Worked Until It Was Privatized
AlterNet, CA - 4 hours ago
Home-ownership rates soared. Loan standards were generous but not stupid. Nobody in the home mortgage business got filthy rich, and mortgage lenders hardly .
Rescue and moral hazard Globe and Mail
Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit . WELT ONLINE
What is Fannie Mae? FinancialAdvice.co.uk
all 14 news articles
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Fannie Mae/Freddie Mac Bailout May Spark Home Sales - WCIV

Citizen

Fannie Mae/Freddie Mac Bailout May Spark Home Sales
WCIV, SC - 12 hours ago
The feds took over mortgage giants Freddie Mac and Fannie Mae Sunday to keep them from failing and further damaging home mortgage and other credit markets. .
Mortgage rates start to ease Pittsburgh Tribune-Review
Bailout like a pillow in front of a bulldozer Globe and Mail
UPDATE: Bailout Brings Lower Mortgage Rates, But Not Housing Rebound CNNMoney.com
Chicago Tribune - Globe and Mail
all 65 news articles
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Congressman Cries Foul Over Mortgage Bailout - KTRH

Congressman Cries Foul Over Mortgage Bailout
KTRH, TX - 1 hour ago
"The Democrats have now nationalized the home mortgage business, and have put Uncle Sam in the business of handling their home mortgages and home lending. .
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Mortgage crisis leads to an increase in scams (22 WSBT South Bend)
OSCEOLA EUR” Millions of Americans are reeling as they try to pay their mortgages and put food at the table. In fact, many are growing desperate for help. That's good news for scam artists...

UPDATE: WaMu's New CEO Faces Piles Of Delinquent Home Loans - CNNMoney.com

Washington Post

UPDATE: WaMu's New CEO Faces Piles Of Delinquent Home Loans
CNNMoney.com - 14 hours ago
Fishman, a mortgage-industry veteran, told WaMu investors during a conference call on Monday that the mortgage industry had recently seen "a dramatic boom .
WaMu to CEO: You're Fired! Motley Fool
Washington Mutual removes CEO Kerry Killinger The Associated Press
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
Seattle Post Intelligencer - Wall Street Journal
all 670 news articles
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Government bails out mortgage lenders (WIVB Buffalo)
BUFFALO, N.Y. (WIVB) - The Federal Government is bailing out the country's largest mortgage lenders...

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KB Home, UCBH Rise; UAL, Olympic Steel Fall - Wall Street Journal

The Gazette (Montreal)

KB Home, UCBH Rise; UAL, Olympic Steel Fall
Wall Street Journal - 6 hours ago
Investors hope the latest government action inspires the mortgage market to increase lending and, therefore, spark a rebound in home sales. .
US Takeover of Mortgage Giants Lifts Stock Markets New York Times
US STOCKS-Financials lead surge on Fannie/Freddie plan guardian.co.uk
Sector roundup: Homebuilders, financial services Forbes
MarketWatch - CNNMoney.com
all 117 news articles
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Locals say mortgage lender takeover 'inevitable' (Portsmouth Herald)
PORTSMOUTH and#8212; Local reaction to the government taking over the nation's two largest mortgage lenders, Fannie Mae and Freddie Mac, was almost universally positive on Monday...

Ex-BOE's Julius Opposes UK Home Market Intervention (Update2) - Bloomberg

Ex-BOE's Julius Opposes UK Home Market Intervention (Update2)
Bloomberg - 1 hour ago
Home values ``will probably have to fall further.'' Brown's government is considering proposals on how to revive the country's mortgage market as falling .
UK House Prices Fall as Sales Drop to Record Low (Update2) Bloomberg
all 6 news articles
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Green Day opportunities explode for businesses promoting . - Arizona Republic

Green Day opportunities explode for businesses promoting .
Arizona Republic, AZ - 8 hours ago
Wells Fargo Home Mortgage was there to point out how it could reduce the need for paper for mortgage transactions. Signed closing documents can be put on .
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Deal won't help those behind on mortgage (Lexington Herald-Leader)
NEW YORK . Few outside Washington and Wall Street may understand what Fannie Mae and Freddie Mac do, but the government's bailout of the two is likely to be felt in cities and suburbs across the country. The takeover will be good news for those looking to buy a home or hoping to refinance their mortgages if it leads to lower interest rates, as experts expect. But for homeowners ...

Dodd Questions Government Mortgage Takeover (NBC 30 Connecticut)
The government will take over troubled mortgage giants Fannie Mae and Freddie Mac and Sen. Chris Dodd, D-Conn., is asking questions of Treasury Secretary Hank Paulson...

Mortgage giant bailout won't aid all borrowers (Poughkeepsie Journal)
NEW YORK - The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect...

The end of America's bad mortgage dream - Financial Post

The end of America's bad mortgage dream
Financial Post, Canada - 5 hours ago
A year ago, the shares of the two mortgage outfits -- the Federal National Mortgage Association (Fannie) and the Federal Home Mortgage Corporation (Freddie) .
Video: Investors, Industry Pleased With Govt. Takeover AssociatedPress
'Frannie' bailout heavy with irony The Age
Mortgage monsters should be privatized DetNews.com
Wilkes Barre Times-Leader - Paris Post Intelligencer
all 8,372 news articles
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Personal genome ~ home mortgage - ScienceBlogs

Personal genome ~ home mortgage
ScienceBlogs - 18 hours ago
But unlike buying a home mortgage, there is going to be a mass drop in the cost in the near future. This figure illustrates the point effectively. .
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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% ...

Bailout of 2 mortgage giants isn't cure-all (St. Louis Post-Dispatch)
The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to home buyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect...

U.S. bails out mortgage giants - Chicago Tribune

Washington Post

U.S. bails out mortgage giants
Chicago Tribune, United States - Sep 8, 2008
"Allowing the companies to fail or further deteriorate would damage our home mortgage market, and could weaken other credit markets that are unrelated .
Freddie and Fannie Bailout: Why Now? Seeking Alpha
Crisis Averted but Unresolved Center For American Progress
The Stars are Aligning - But For What? Financial Sense Online
Bizjournals.com - CNNMoney.com
all 912 news articles
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The Government Steps in
As the mortgage giants Freddie Mac and Fannie Mae fell further in to trouble the federal government stood by debating what should be done. Some believed that the companies needed to fail in order to preserve the economy. ...

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Mortgage Bailout Leads Rally on Wall Street (Washington Post)
NEW YORK, Sept. 8 -- Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur after the U.S. government's move to bail out the mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300 points...

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