Philadelphia Inquirer

Freddie Mac profits plunge on mortgage lossFinancial Times, UK - 1 hour agoBy Anuj Gangahar in New York Freddie Mac, the US home mortgage lender, on Thursday reported a 45 per cent plunge in second-quarter profits as it was hit by …Freddie Mac Profit Down 45 Percent in 2Q ForbesFreddie Mac's net drops 45% on provisions […]

CNBC - To some degree the change is due to difficulty getting financing, as borrowers are finding fewer lenders willing or able to fund “jumbo” mortgages, loans for amounts greater than $417,000. Such loans are too big to be guaranteed by government Read More
MSN UK News - Federal Reserve Chairman Ben […]

Mississauga News

Reverse mortgage shop set up by NZ companyToronto Star,  Canada - 20 hours agoNew Zealand-based Senior's Money International has announced it's setting up shop in Canada to offer "reverse mortgages" that will compete against the …Market for reverse mortgages could be worth $8B, says NZ company 570 NewsNZ company comes to Canada to tackle market […]

Mississauga News

Reverse mortgage mart growsLondon Free Press, Canada - 11 hours agoBy CP TORONTO — The growing demographic category of elderly homeowners has drawn a New Zealand-based reverse mortgage company to Canada to compete with …Reverse mortgage shop set up by NZ company Toronto StarMarket for reverse mortgages could be worth $8B, says NZ company 570 NewsSeniors […]

This is Money - Money markets, where lenders go to fund mortgages, have dropped their rates and even normally gloomy economists predict that the base rate is likely to peak at 6% later this year. If they are right, homeowners should look at variable rate mortgages Read More
Boston Online - The […]

Washington Post

Tips on mortgagesLong Beach Press-Telegram, CA - 17 hours agoAs The New York Times reported, Countrywide's highly paid sales people worked on commission, and there were strong incentives to push mortgages that weren't …As Mortgage Mess Unravels, Some Investors Clean Up Washington PostMortgage crunch could help banks in Del. The News JournalInside The Countrywide Subprime Lending […]

CNBC - Alt-A mortgages are loans given to customers with minor credit problems or who are unable to fully document their income and assets like a traditional prime borrower. Investors have become increasingly worried about the value of mortgages amid rising Read More
International Herald Tribune - Politicians, regulators and financial specialists […]

Tough Times Are Still Ahead for US Home MarketBloomberg - 13 hours agoOnly those with above-average credit ratings will fare well in the purge of the riskiest kinds of mortgages from lender portfolios. …UK Mortgage Market Reacts To Us Crash 24-7PressRelease.com (press release)all 4 news articles

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Crunch makes mortgages tougher to getBoston Herald, United States - Aug […]

Boston Globe - But they said the company has scaled back lending activity in recent weeks; increased interest rates on some mortgages, particularly loans above $417,000, known as jumbo loans; and may not honor agreements if borrowers did not lock in a rate. That’s Read More
MSN MoneyCentral - NEW YORK (AP) […]

MSN MoneyCentral - NEW YORK (AP) - NVR Inc.’s finance arm disclosed Friday that lenders excluded several types of mortgages from its borrowing agreement, shrinking the homebuilder’s ability to attract new customers in an already tough market. In a filing with the Read More
Sun Chronicle - One of the themes of […]