Second Mortgage Loan

Faulty loans, foreclosures cost $72 billion - Detroit Free Press

Bloomberg

Faulty loans, foreclosures cost $72 billion Detroit Free Press Wells Fargo, Bank of America, Citigroup, JPMorgan Chase and Ally Financial, the five largest home lenders during the real estate boom, tallied at least $6.78 billion in new costs tied to mortgages during the second half of 2011, according to data ... Bad Home Loans Top $72 Billion in 'Colossal Failure': MortgagesBusinessWeek 5 Expensive Bank Stocks That are Worth ItTheStreet.com all 28 news articles »

Santander sounds death knell for interest-only mortgages - The Independent

Bloomberg

Santander sounds death knell for interest-only mortgages The Independent The UK's second-biggest mortgage lender has doubled the deposit for an interest-only loan. Spanish-owned Santander has increased the deposit an interest-only borrower must find from 25 per cent of the value of a property to 50 per cent. Homeowners Who Would Be Moguls Make Comeback in UK: MortgagesBusinessWeek all 3 news articles »

NY Fed sells $6.2 bln in mortgage bonds to Goldman - Reuters

Wall Street Journal

NY Fed sells $6.2 bln in mortgage bonds to Goldman Reuters * Second major Maiden Lane II sale in three weeks * Allows Fed bank to recoup balance of $19.5 bln loan * Bonds were acquired in 2008 bailout of AIG By Jonathan Spicer NEW YORK, Feb 8 (Reuters) - The Federal Reserve Bank of New York sold $6.2 billion ... Fed Sells $6.2 Billion of Bonds From AIG Rescue to GoldmanSan Francisco Chronicle Goldman Sachs snaps up risky mortgage bondsThe Australian Goldman Buys $6.2 Billion In Mortgage Bonds From NY FedFox Business Boston Globe -4-traders (press release) -Huffington Post all 39 news articles »

Gateway Mortgage Group Experiences Record Loan Volume in 2011 - MarketWatch (press release)

Gateway Mortgage Group Experiences Record Loan Volume in 2011 MarketWatch (press release) Gateway originated more than $672 million in mortgage loan volume in 2011 and experienced its best month in the company's history in December with $78.2 million in originations. September and October closely followed as the second and third highest ... and more »

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2011 ... - EON: Enhanced Online News (press release)

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2011 ... EON: Enhanced Online News (press release) Pre-tax income attributable to the correspondent lending segment was $7.4 million for the quarter, primarily resulting from a $7.4 million net gain on mortgage loans acquired for sale and $1.6 million from interest income. and more »

Mortgage Bonds Face Eye of Storm as Refinancings Decline: Credit Markets - Bloomberg

Bloomberg

Mortgage Bonds Face Eye of Storm as Refinancings Decline: Credit Markets Bloomberg More homeowners with the cheapest mortgages who don't need HARP are also seeking new loans as average rates on 30-year debt ease, falling to a new nadir of 3.87 percent last week. “For the first time in this entire period of tight credit and other ... Time for New Leadership at Fannie and Freddie: Obama Should Side With ...Huffington Post (blog) Delta: Housing market momentum slows in Washington areaWashington Post A homeowner who fought foreclosure and wonGoErie.com RisMedia.com (press release) -Center For American Progress -Credit Union Times all 182 news articles »

Zillow Launches Zillow Mortgage Marketplace Android App - MarketWatch (press release)

Zillow Launches Zillow Mortgage Marketplace Android App MarketWatch (press release) Also available for the iPhone®, Zillow Mortgage Marketplace is the only mobile app with personalized loan quotes, lender ratings, real-time rates and mortgage calculators all in one place. "Since we brought Zillow Mortgage Marketplace to mobile in June ... and more »