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Consumer Mortgage ReportsConsumer Mortgage ReportsAll the latest mortgage news, videos, information, where to get your mortgage, when to get a mortgage, where to find your best interest rates, articles and editorials. Articles
Bank of America Bulk REO - Available Now!!
2008-06-10 00:04:00 We only have a 2 week window of opportunity with this bank before they stop liquidating assets. One of the Top 5 Bank s in US. Buyer Mandates Only - No Intermediaries! 37-39+2, $1B up to 500B, 0 to lite rehab, SFH. Cannot assign, must take down. Bank will call within 3 hours. Nationwide preferrably, Custom REO packages MAY BE available ... More About: America , Bank of America , Bulk
Approval of Proposal By Bank of America
2008-06-05 23:50:00 The Federal Reserve Board on Thursday announced its approval of the notice of Bank of America Corporation, Charlotte, North Carolina, to acquire Countrywide Financial Corporation ("Countrywide"), Calabasas, California, and thereby indirectly acquire Countrywide Bank, FSB, Alexandria, Virginia, and certain other nonbanking subsidiaries of Countrywide. Attached is the Board’s Order relating to this action. Attachment (1.38 MB PDF) Bank ... More About: Proposal , Bank of America , Acquisitions
What Will The Federal Reserve Do June 25th?
2008-06-04 12:14:00 Fed Funds Implied Probability Ben Bernanke says US Monetary Policy is ‘well positioned’; Wachovia fell for second day after ousting CEO Kennedy Thompson; Analysis by Mark Howard, Barclays Capital Head of Credit Analysis. Ben Bernanke, Central Banking, Discount Rate, Fed Funds, Federal Open Market Committee FOMC, Federal Reserve , Monetary Policy, mortgage news, Mortgage Video, ... More About: June
Shakeups at Washington Mutual and Wachovia
2008-06-03 05:37:00 Shakeups at Washington Mutual and Wachovia . Roundtable Discussion with Andrew Seibert of Nextier Wealth Management and Forbes CEO Steve Forbes. Washington Mutual shares are down after Kerry Killinger stepped down as chairman. Shares of Wachovia are falling to below is the value in almost 13 years after Ken Thompson was ousted. Chairman Lanty Smith has been appointed ...
Wachovia Board Ousts CEO Ken Thompson, Shares Plunge
2008-06-03 05:19:00 Wachovia has big news today. Shares of falling in the premarket after the company ousted CEO Ken Thompson . Wachovia stated he is stepping down at the request of the board, saying no single precipitating event calls because the board to reach the decision, but a series of previously disclosed disappointments and setbacks cumulatively have negatively impacted the ... More About: Board , Wachovia , Depreciation
Hard Hit Washington Mutual Replaces Chief Executive Kerry Killinger
2008-06-03 05:10:00 Washington Mutual, hard-hit by the mortgage and credit crises, will replace Chief Executive Kerry Killinger as chairman of the board. No Tags---Related Articles at Consumer Mortgage Reports:No Related Posts More About: Washington , Hard
This Week In Mortgages
2008-05-28 07:51:00 Mortgage rates dipped last week to a two month low. But we will likely see them bounce back up in response. Additionally, there is no indication they will go down any further. Inflation is the key driver here, and it is not letting up as the summer gets into full swing. We recommend getting a ... More About: Week , Mortgages
Home Price Recovery Awaits 2010
2008-05-25 07:19:00 The average time that a home sits on the market when it is for sale is now 11 months. So what does that mean to you and me? It means nothing. Despite what is said by the professionals, we are still facing the largest portfolio of mortgage resets from right now in May 2008 to ... More About: Recovery , Home , Price , Adjustable Rate Mortgage , Depreciation
Decline In House Prices Accelerates In First Quarter
2008-05-22 17:16:00 Sharpest Declines in California, Nevada and Florida; Small Price Increases in Strongest Markets U.S. home prices fell in the first quarter of 2008 according to OFHEO?s seasonally-adjusted purchase-only house price index. The index, which is based on data from home sales, was 1.7 percent lower on a seasonally-adjusted basis in the first quarter than in the fourth ... More About: House , House Prices , Depreciation , Quarter , Prices
Minutes of Federal Open Market Committee, April 29 and 30, 2008
2008-05-21 20:46:00 The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 29-30, 2008. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the April 29-30, 2008 meeting is also included as an addendum to these minutes. The ... More About: Minutes
NYC Bulk REO Packages - REO Buyers Mandate Only
2008-05-16 18:15:00 NYC Bulk REO Packages Now Available One of the Top 5 Banks in US. Buyer Mandates Only - No Intermediaries! NYC - 5 Boroughs, 50+3, $500M packages, 0 to lite rehab, SFH. Cannot assign, must take down. Must 1st provide: Soft Proof of Funds LOI Fax both to 718-879-6468 Orders Filled within 24 Hours. Custom REO packages are available through out the USA by ... More About: Buyers
Chase Wholesale No Longer Offering Subprime and Home Equity
2008-05-15 22:34:00 As we continue to analyze and manage our product set, Chase has made the decision to discontinue offering our Subprime and Home Equity products through our Wholesale channel. New Wholesale Subprime and Home Equity registrations will not be accepted after Friday, May 16, 2008. No Tags More About: Credit , Mortgage Fraud , Home Equity Loan , Home Equity Line of Credit
Foreclosure Filings Still Rising
2008-05-14 17:23:00 New foreclosure filings rose 4% in April and were nearly 65% higher than the level recorded a year earlier, according to RealtyTrac. The company’s U.S. Foreclosure Market Report indicates that foreclosure filings, default notices, auction sale notices, and bank repossessions were reported on 243,353 properties in April. "The total number of U.S. properties with foreclosure activity in ... More About: Depreciation
Mortgage Delinquencies and Foreclosures
2008-05-06 20:01:00 President Bollinger, Dean Hubbard, Co-Chairman Kravis, and distinguished guests, I am very pleased to be here and especially honored to receive the Columbia Business School’s Distinguished Leadership in Government Award. This evening I would like to offer a few thoughts on mortgage markets and the recent increase in the pace of delinquencies and foreclosures. My ... More About: Foreclosures , Mortgage , Federal Reserve , Ben Bernanke , Depreciation
Fed Votes to Cut Rate a Quarter-Point to 2%
2008-04-30 18:24:00 Exclusive: Fed Votes to Cut Rate a Quarter -Point to 2% The Federal Reserve is Cutting Rates Another 25bp; Fed Says “Substantial” Easing to Date Should Promote Growth, Financial Markets Remain Under “Considerable Stress”; Vote 8-2, With Plosser and Fisher Dissenting; Uncertainity About Inflation “Remains High” and Economic Activity “Remains Weak” No Tags More About: Discount Rate
How Is Alan Greenspan To Blame?
2008-04-26 19:10:00 Critics are blaming Alan Greenspan for today’s financial crisis, but now the former Federal Reserve chief is fighting back. Greenspan sets the record straight in an exclusive interview. Part 1 Part 2 What are others saying about Alan Greenspan Alan Greenspan unfair blame for sub prime crisis… Why do people blame Alan Greenspan for the sub-prime crisis? He lead ... More About: Bear Stearns
Fixing the Mortgage Mess
2008-04-26 18:31:00 A few ideas on how to fix the problem, with Robert Shiller, Yale School economics professor No Tags More About: Mortgage , Mess
New Home Sales Drop 8.5% and Median Sale Price Drop 13.3%
2008-04-25 14:11:00 Sales of new homes plunged last month to the lowest level in 16 and a half years. No Tags More About: Sales , Home , Sale , Price , Drop
Bank of America CEO, Kenneth Lewis says, ?US Subprime Crisis To Continue?
2008-04-22 20:06:00 It is not just Bank of America that is reeling from subprime problems, the largest banks in the world have posted $290 billion of credit losses, since the beginning of 2007. No Tags More About: Bank of America , Lewis , Acquisitions
Bank of America Is Playing By Their Own Rules Now
2008-04-22 19:38:00 Bordering On Insanity No Tags More About: America , Bank of America , Rules , Bank
Monthly House Price Index Estimates Increase .6 Percent Price
2008-04-22 17:31:00 U.S. home prices rose approximately 0.6 percent on a seasonally adjusted basis between January and February, according to OFHEO?s new monthly House Price Index . For the 12 months ending in February, U.S. prices fell 2.4 percent. Since its peak in April 2007, the index is down 3.1 percent. The OFHEO monthly index is calculated using ... More About: Estimates
Bank of America Profit Falls Short - Drops 77%
2008-04-21 19:12:00 Bank of America Net Drops 77% Bank Of America, Credit Deterioration, Lenders With Problems 2007, Mortgage Defaults, Mortgage Delinquencies, Mortgage Implosion, mortgage news, Mortgage Video, Writedowns More About: Profit , Bank of America , Bank , Short
Troubles Continue for Washington Mutual
2008-04-17 05:26:00 NEW YORK, April 15, 2008 (PRIME NEWSWIRE) — Beleaguered investors of Washington Mutual (NYSE:WM) were delivered more bad news by the company in Tuesday’s after-hours earnings announcement. The company reported a first-quarter loss of $1.14 billion and indicated that it expects Writedowns of $12 billion to $19 billion of its $187 billion portfolio of single ... More About: Washington Mutual
Bearn Stearns Profits $115 Million Before JP Morgan Takeover
2008-04-15 16:43:00 Bear Stearns reaped a profit of $115 million or 86˘ a share before the JP Morgan takeover. Bear Stearns, Lenders With Problems 2007, mortgage news, Mortgage Video More About: Takeover , Profits , Million , Bear Stearns
OFHEO Releases Annual Report To Congress
2008-04-15 16:26:00 WASHINGTON, DC ? James B. Lockhart, Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today released OFHEO?s 2008 Report to Congress , detailing the agency?s annual examination conclusions and regulatory oversight of the Government Sponsored Enterprise (GSE), Fannie Mae and Freddie Mac , for the year 2007. The report concludes that both Enterprises made very good ... More About: Annual
Quote Of The Day 4-15-2008
2008-04-15 05:00:00 "The man who chases two rabbits catches neither." – Confucius, philosopher No Tags More About: Quote Of The Day , Quote , 2008
Federal Reserve Emergency Lending
2008-04-14 02:59:00 The Federal Reserve Was Ready to Make Lending Available to Other Brokers on Same Day They Helped Out Bear Stearns ; Borrowers at Discount Window Included Goldman Sachs , Morgan Stanley and Lehman Brothers. Bear Stearns, Federal Reserve, Goldman Sachs, Lenders With Problems 2007, Mortgage Defaults, Mortgage Delinquencies, Mortgage Implosion, mortgage news, Mortgage Video More About: Emergency
Lenders Shut Down Your Home Equity Lines of Credit
2008-04-14 01:46:00 Mortgage lenders are shutting down your home equity lines of credit in order to preserve their interests and combat homeowners from over mortgaging in depreciating markets. heloc, Home Equity Line of Credit , Lenders With Problems 2007, mortgage news, Mortgage Video More About: Home Equity Line of Credit , Lines , Shut
3/18 FOMC Meeting Minutes Released
2008-04-09 16:39:00 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee - FOMC on Tuesday released the attached minutes of the Committee meeting held on March 18, 2008, and of the conference call held on March 10, 2008. The minutes for each regularly scheduled meeting of the Committee ordinarily are ... More About: Released , Ben Bernanke , Minutes , Bear Stearns
They Stated They Were Leaders? WAMU Exits Wholesale Lending
More articles from this author:2008-04-09 06:41:00 WAMU recently said that they wanted to, “Strengthening the Mortgage Industry” in a press release and now they need their mom help them goto the bathroom. So which direction are they these so called leaders really leading? Washington Mutual began offering this ‘new’ full disclosure program to the mortgage clients delivered through mortgage professionals BUT not ... More About: Leaders , Lending , Wholesale 1, 2, 3, 4, 5, 6, 7 |
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