Reuters - S&P took the action due to rising delinquencies on higher quality mortgage loans known as “Alt-A loans,” which are a step higher in quality than subprime mortgages. Read More
CNBC - Investment banks have likely posted the majority of their subprime mortgage and collateralized debt obligation write-downs, but still face write-downs from commercial […]

Inside Bay Area - WASHINGTON — Rates on 30-year mortgages rose for a third straight week, hitting the highest level in more than three months. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.24 percent this week, up Read More
Carroll County Online - The project is the […]

Times Daily - Thornburg Mortgage Inc. plunged after the mortgage lender said it has received margin calls - calls for immediate repayment of debt - on a portfolio of securities backed by alt-A mortgages. Read More
Week.com - Dick Durbin says the president’s promise to veto a housing crisis bill is irresponsible. Durbin admits Congress […]

Forbes - He said 93 percent of all mortgages are being paid on time and that less than 2 percent are in foreclosure. ‘So while some in Washington are proposing big interventions, most of the proposals I’ve seen would do more harm than good,’ the secretary said Read More
CNBC - During […]

Washington Post - Bernanke resisted taking a position in a hot debate in Congress over whether to allow bankruptcy courts to redefine terms of mortgages on primary residences. Read More
Bloomberg - Feb. 28 (Bloomberg) — Fannie Mae, the biggest source of financing for U.S. home loans, may force lenders it buys mortgages from to […]

MSN UK News

Mortgage lending to shrink by 20 per centMirror.co.uk, UK - 39 minutes agoMortgage lending will shrink by 20 per cent this year as the rising cost of home loans prices buyers out of the market. The bleak forecast from the UK's …HBOS is still in an uncomfortable place Telegraph.co.ukHBOS investors must get used to […]

KVAL

Bush Vows to Veto a Mortgage Relief BillNew York Times, United States - 9 hours agoBy EDMUND L. ANDREWS WASHINGTON — President Bush sided with banks and mortgage lenders on Tuesday, threatening to veto a bill being offered by Senate …Getting Real About the Rescue New York TimesWhite House Threatens Veto Of Mortgage Reform Measure The Gate […]

KPIC

US House lawmakers consider $15 billion mortgage bailout plan as …International Herald Tribune, France - 13 hours agoAP WASHINGTON: Investors could sell up to $15 billion (€10.08 billion) of troubled mortgages to the government under a plan key House members are discussing …Getting Real About the Rescue New York TimesMortgage helpers NewsdayAhead of the Bell: Senate's Mortgage […]

Guardian Unlimited - A You don’t need to do anything right now - as you are on a fixed-rate deal your payments shouldn’t change until the fixed-rate period comes to an end in August. Come June, however, you might want to start shopping around for a better deal with a new Read […]

Boston Globe

US Home Foreclosures Jump 90% as Mortgages Reset (Update3)Bloomberg - 9 hours ago26 (Bloomberg) — Bank seizures of US homes almost doubled in January as property owners failed to make higher payments on adjustable-rate mortgages. …Mecklenburg foreclosures down slightly Bizjournals.comHome Prices Drop, Foreclosures Rise as Slump Deepens (Update4) Bloombergforeclosures up 57 CNNMoney.comReutersall 409 news articles

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