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Mortgage Market Update
 

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Mortgage News Archive

July 2004

June 2004

May 2004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Home Loan Mortgage News - August 2004 Archive

Impac Mortgage Holdings, Inc. Announces Dividend Payment on Its 9.375% Series B Cumulative Redeemable Preferred Stock and Posting of Unaudited Monthly Fact Sheet.

Existing home sales cool as summer ends.

MortgageIT Holdings, Inc. Reports Second Quarter 2004 Financial Results.

ABN AMRO Mortgage Group's July Production Totals $4.1 Billion.

Reverse Mortgages Gain Among Elderly.


Fitch Rates Banc of America Mortgage Securities $598.6MM Series 2004-H.

U.S. sues firm over do-not-call list - Federal Trade Commission sues marketing firm for making 300,000 calls to numbers on the registry.

US Treasuries rally as economic doubts mount.

Oak Street Mortgage Announces the Appointment of Ron Zaccaria as Site Manager, Retail Sales, Irvine, CA.

Fannie Mae Redemption.

Mortgage broker and former Denver Bronco football player James Keyton will spend at least two years in state prison.

Mortgage company offers to stop foreclosure for reservist.

An attorney who committed suicide was being investigated for possible misuse of mortgage funds.

FTC Accuses Seattle Man of False Claims about Mortgage Program.

TransUnion's Real Estate Services Division Bolsters Post-Closing Solution Offering.

Housing experts sound note of caution - Prices that exceed incomes could hurt Bay Area market.

U.S. chain store sales made slight gains in the last week of August, but less mortgage refinancing activity compared with last year.

Republic Bancorp "neutral," target price raised.

Fitch Rates MASTR's $656MM Mtge P-T Ctfs Series 2004-9.

U.S. mortgage rates unchanged Monday.

GreenPoint Shareholders Approve Merger with North Fork.

Fitch Rates Credit Suisse First Boston Mortgage Acceptance Corp. 2004-5.

American Business Financial Services, Inc. Reports Progress In Strategic Initiatives and Discusses Preliminary Quarterly and Year End Results.

UPDATE 1-Regional US home price drop possible-analysts.

Saxon REIT sets IPO at 18.1 mln shares, $21-$23/shr.

Real Estate: The Most Imperfect Asset.

Fannie Mae Redemption.

Freddie, Fannie may get competition soon.

U.S. July spending increases 0.8%; incomes up 0.1%

Fitch Rates SAIL Trust $3.4B Series 2004-8.

Fitch Rates RASC $600MM Series 2004-KS8.

Fitch Rates $206.9MM RALI Mtge Asset-Backed P-T Certs, Series 2004-QS11.

Fitch Upgrades Four Tranches Issued by E*TRADE ABS CDO II, Ltd.

R.I. man barred from sending spam text messages including mortgage related email.

Fed's Easy Money Trickling Down.

Reservist struggles to stop mortgage company from foreclosing.

A Home's False Profit. Intersting Read.

U.S. mortgage originations stronger.

Fannie Mae to expand securities disclosures.

Mortgage Rates Inch Higher.

Treasuries Tick Down on Economic Data.

Now It's Official: U.S. Growth Slowed.

Freddie Mac "market perform".


Fitch Rates $671.6 Million Household Mortgage Loan Trust 2004-HC1.

Fitch Rates $1.56 Billion First Franklin Mortgage Loan Trust 2004-FF7.

Fitch Rates People's Choice Mtge Pass-Through Certificates 2004-2.

Access National acquires mortgage biz competitor.

Mortgage Banking Systems Launches ProMerge; First Mortgage Closing Document Portal to the Mortgage Electronic Registration System.

Fitch Ratings Affirms Washington Mutual, Outlook Stable.

Sale prices and volumes come off the boil in US.

U.S. mortgage rates tick up in latest week: Freddie Mac.

Freddie Mac Monthly Volume Summary: July 2004.

Washington Mutual which became the nation's largest after swallowing three major California thrifts, is completing 13,450 job cuts, closing 100 mortgage offices.

No deal yet, but Cendant says mortgage unit for sale.

Countrywide and Prudential Serls Launch Joint Venture.

New Jersey's amendment to its law curbing predatory lending should bolster its mortgage market.

HUD to sell mortgage loans.

Fitch Rates $650.0MM CDC Mortgage Capital Trust Series 2004-HE3.

U.S. MBA's Mortgage Applications Index Fell 6.3% Last Week.

Rate Scare at H&R Block.


Big drop in new home sales.

Impac Mortgage Holdings "buy," target price raised.

Fitch Rates Long Beach Mortgage Loan Trust $1B Series 2004-5.

Founders Mortgage seeks Chapter 7.

New Countrywide Radio Campaign Promotes African American Dream of Homeownership.

Homeowners Cash in for Renovations, Improvements and Investing.

Predatory lenders target the elderly, low-income families.

Offshoring Will Help U.S. Mortgage Lenders Lower Total Origination Costs per Loan 6% by 2008.

Mortgage Payoff Attracts Heated Debate.

Met Mortgage might pay 15 cents on dollar - Losses for investors could reach almost $500 million.

First-time buyers in middle class far below average.

Calififornia Home Prices Edge Up To New.

New 'jumbo' reverse mortgage comes with no fees.

Investors in financially troubled Metropolitan Mortgage & Securities Co. may receive as little as 15 cents on the dollar.

Hibernia to sell $10B mortgage portfolio to CitiMortgage.

Allied Home Mortgage Capital Corporation Named Top 25 Tech Savvy Lending Firm for Second Year in a Row.

RBC Mortgage Loan Officers Ranked #1 and #2.

Mortgage rates down.

US subpoenas Fannie Mae in accounting probe.

Fannie Mae Redemption.

Mortgage Financial consultant reindicted for fraud.

Countrywide Commences Registered Exchange Offer for Its Convertible Securities.

Another Mortgage Fraud Defendant Pleads Guilty.

MGIC Introduces New MI Option That Makes Homeownership More Affordable for Consumers.

State has settled its dispute with a jeweler and his family in a case involving a failed mortgage company.

Long Beach Mortgage plans $2.79 bln ABS.

30-year rates under 6% for 3rd straight week.

US 30-year mortgage rates again lowest since April.

House Purchase Lending Hits New Record.

Mac Prices $1 Billion Syndicated Callable Notes.

Lawyer Pleads Guilty in Mortgage Case.

SEC Considers Case vs. Freddie Mac.

Countrywide's Employee Suggestion Program Wins National Recognition.

Access National Acquires United First Mortgage.

Where the foreclosures are - Despite the housing boom, owners in some markets are suffering.

Dana Capital Group Achieves Milestone With Hiring of 1,000th Employee.

Ameriquest kicks in a million for tix - Funds to go toward the purchase of one million tickets.

U.S. mortgage rates unchanged Wednesday.

U.S. MBA's Mortgage Applications Index Rose 11.9% Last Week.

Treasury Yields Hit 4-Month Lows.

E*TRADE FINANCIAL Corporation Reports Monthly Activity for July 2004.

Cendant Steals Home.

Economy looking up.

Fannie Mae Prices New Issue 3-Year Benchmark Notes(R).

Cendant Mortgage-Unit Sale Talks End.

United Financial Mortgage Corp. Announces Definitive Agreement to Acquire Vision Mortgage Group, Inc.

Three more plead guilty in mortgage frauds.

U.S. July Consumer Price Growth Likely Slowed, BN Survey Shows.

Freddie Mac Extends Mortgage Relief to Borrowers Affected by Hurricane Charley.

U.S. mortgage rates unchanged Monday.

AmNet Mortgage, Inc. Reports Second Quarter Results; Revises 2004 Guidance.

New Century Announces Annual Meeting of Stockholders.

Basis100 -- Shareholders Approve Sale of Company.

Treasuries Fall; Traders Say Yields Don't Fit Growth Forecasts.

CU Companies Launches 40-Year, Fixed-Rate Mortgage; Product Opens the Door to Lower Monthly Payments and Increased Purchasing Power for Many Home Finance Seekers.

Deutsche Bank Buys Berkshire Mortgage.

UPDATE 1-Fannie Mae duration gap zero, portfolio grows less.

Mortgage Benefits Corp. Announces Agreements with Four Benefit Brokers; Firms Will Offer No-cost MortgageChoice Plan Employee Benefit to Clients Nationwide.

Indebted We Stand.

Mortgage lenders hire amid stiff competition.

Chicago-area banks finding way to help undocumented immigrants secure loans.

Reverse mortgage activity grows as seniors live longer.

Mortgage broker to repay clients - Promised low rates were never received.

Stewart Mortgage Information Introduces the Subject Property Photo AVM Enhancement Product.

Rush to beat mortgage-rate increase drives up U.S. resales 9.1 percent.

Sneak peek: Mortgage lenders.

PlayStar Subsidiary V-L Officer Acquires Marketing Rights From Alternative Mortgage.

U.S. 30-year mortgage rates lowest since April.

First Union Real Estate Equity and Mortgage Investments Announces Second Quarter Earnings.

Man Pleads Guilty To Role In Mortgage Fraud Ring.

Countrywide CEO Angelo Mozilo to Address Hispanic Real Estate Pros at NAHREP Convention & Expo.

Countrywide says July loan activity brisk.

Stewart Mortgage Information Introduces the Subject Property Photo AVM Enhancement Product.

Housing Forecast Upgraded in an Improving Economy, Says NAR.

Economists Lower 3rd-Qtr U.S. GDP Forecast in Survey (Update4).

Washington Mutual "neutral," estimates reduced.

Countrywide Home Loans and Ence Brothers Construction Enter Joint Venture.

Fitch Rates PPSI'S $1.514B A-B P-T Certificates Series 2004-WCW1 - Sub-Prime Issue.

Mortgage customers sue PyraMax Bank-quit paying interest on escrow accounts.

Rates for 30-year mortgages fall back below 6 percent.

US July mortgage bond prepayments fall, supply up.

Flipping Before The Flop.

Mortgage Association Announces First-Ever Industry Definition of Predatory Lending.

Leading California Mortgage Banker Acquires a Branch of First Residential Funding to Expand Wholesale Business.

Freddie Mac taps new president, COO Mortgage financer names former Bank of America President Eugene McQuade to heir-apparent post.

Mortgage fraud growing in Utah Applications: Officials are seeing lies from brokers and prospective borrowers as foreclosures climb.

U.S. Bancorp Employees to Paint 33 Twin Cities Homes With ``a Brush of Kindness''.

Radian Creates New Structured Solution for Managing Mortgage Risk; SMART HOME Leverages Credit-Linked Notes to Transfer Non-Prime Mortgage Risk.

US Banks Seen Vulnerable to High Mortgage Holdings.

Fitch Rates HEAT 2004-5 $825MM Home Equity P-T Certs, Series 2004-5.

US mortgage applications ease but purchase index up.

Temple-Inland repositions mortgage activities arm.

Mortgage loan firm diversifies to expand Company hires more employees, acquires bank in Virginia.

Treasurys up as consumer spend less Market awaits government's word on auction size.

Nationwide Mortgage teams with D.C. bank.

Acxiom and TransUnion Launch Fraud Management Platform.

LenderLive and Guardian Mortgage Documents Enable Mortgage Lenders to Outsource Mortgage Functionality Through Fully Functional eCommerce Solution.

Principal's Strength Intact.

BMA makes mortgage data more available.

Nationwide Advantage Mortgage and Adams National Bank Partner to Increase Homeownership.

PMI Mortgage Insurance Co. Launches 'Premium Advantage' Rate Plan.

American Mortgage Acceptance Company Reports Second Quarter Financial Results.

Ensley Woman Misled By Mortgage Company.

First Banks completes buy of Continental Mortgage.

U.S. mortgage rates unchanged Monday.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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