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September 2004

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Home Loan Mortgage News - October 2004

US construction spending seen rising 2 pct in 2005.

Treasuries on defensive ahead of US growth figures.

US 30-,15-yr mortgage rates lowest since early April.

Equifax Empowers Consumers to See How Their Credit Ranks.

Fitch Affirms Homecomings' Servicer & GMAC-RFC's Master Servicer.

LandAmerica Enters the Mortgage Subservicing Business With Acquisition of LoanCare Servicing Center.

Opposing forces keep mortgage rates steady.

Park Ridge man indicted in mortgage fraud plot.

Saxon Capital, Inc. Announces $900 Million Asset-Backed Securitization.

Merger suggested in Metropolitan Mortgage bankruptcy case.

UPDATE 2-US mortgage applications ease despite dip in rates.

Fannie Mae steps up mortgage securities disclosure.

Mortgage rates likely to move up slowly - Bankers project 30-year loan averaging 6.5% at end of next year.

Ameriquest Mortgage Company Teams Up with the Seattle Seahawks.

Fieldstone Investment Corporation Announces Record Non-Conforming Fundings.

Mortgage Giants Are Near Top in Lobby Cost.

U.S. 10-Year Treasury Note Yield May Hold Near 4%, Survey Shows.

U.S. Sept. Home Resales May Have Held Near Record, Survey Says.

Mortgages main topic of meeting - Search for standard on predatory lending as homeownership in nation rises to 69%.

Mortgage Fraud Heats Up In Atlanta.

Mortgage rates take a tumble - Descent to 5.69% due to worries about oil, jobs, Iraq.

Conseco Will Foreclose on Chairman's Mansion.

California luxury home sales dip sequentially.


Fannie Mae Redemption.

UPDATE 1-Freddie Mac retained portfolio shrinks in Sept.

Freddie Mac Monthly Volume Summary: September 2004 (unaudited & subject to change) dollars in millions).

Wells Fargo Home Mortgage Expands Sales Force in California Dedicated to Serving Diverse Communities.

Datix(R) Helps NetBank Automate 25 Million Mortgage Documents in One Year.

Capstead Mortgage Corporation Announces Third Quarter 2004 Results.

SEC Formalizes Fannie Mae Probe.

Prominent Mortgage Fraud Attorney Rachel Dollar Moves Mortgage Banking Practice to New Firm, Dollar & Graves LLP.

Mortgage rates continue to fall.

Fannie Mae Redemption.

Franklin Credit Announces Purchase of $99 Million Subprime Mortgage Portfolio.

Appraisal Institute Represented at Fannie Mae Conference Focusing on Mortgage Fraud.

Countrywide results spark mortgage-sector selloff.

Washington Mutual profit falls on mortgage slump.

Treasuries Rise, Market Tests 4 Pct Yield.

Fannie Mae Shares May Fall as SEC Begins a Formal Investigation.

Mortgage Debt Not Big Burden, Greenspan Says.

Jury Clears Irvine, Calif.-Based Mortgage Firm, New Century in Lawsuit.

Mortgage slide hurts Wells Fargo - Profit at No. 4 bank rises, but misses estimates as revenue from home loans tumbles 40 percent.

Bond News * Treasuries ease slightly as investors focus on oil

InterFirst Introduces 18 New Interest-Only and LIBOR ARM Products wholesale.

Alleged scam stings area homeowners.

Mortgages drop to 5.74% as rolling pattern continues.

Perfect Credit Score, Perfect Loan Fraud.


Residential Mortgage Delinquencies and Foreclosure Inventory Down From Last Year.

Met Mortgage auditor sued for professional negligence.

Fixed-rate mortgages remain bargains.

Federal investigators said they also indicted the owner's of a local mortgage company who investigators said laundered the drug money.

Another * 3 indicted in mortgage scheme.

Mortgage Fraud Is On The Rise.

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

Mortgage monsters file down their claws.

General Motors and Ford Won't Survive as Bankers: David Pauly.

US mortgage bonds cling to gains on bouncing rates.

Fitch Rates HEAT 2004-7 $1.2B Home Equity P-T Certificates.

Mortgage rates sink on jobs report.

Antifreeze poisoner faces three counts of mortgage fraud.

MGIC Investment's revenue falls short.

mortgage.com Offers Home Buyers LIBOR and Interest-Only Loans.

Morgan Stanley Dean Witter Credit Corp. Outsources Mortgage Processing to Nexstar Financial(R).

Report on Fannie Mae Regulator a Secret.

First CAN-SPAM case settles for $25K.

RPT-UPDATE 2-US mortgage refinancings lose steam despite rates.

FBI Probes Whether Former Workers of Mortgage Firm Broke Law.

Fannie Mae told to keep papers for probe.

2 accused of fraud out on bond.

Freddie Mac Prices $1 Billion Reopening of 10-Year Reference Notes(R) Security.

Cendant to Spin-off its Mortgage and Fleet Operations as PHH Corporation.

Countrywide Home Loans Becomes Nation's #1 Mortgage Lender in Emerging Markets.

Stewart Mortgage Information Introduces the eQuick(SM) Policy for Junior Lien Mortgage Loans.

Cendant to Spin Off Mortgage Operations.

Fannie Follows Freddie in Banning Mandatory Arbitration.

Deutsche Bank adds two U.S. mortgage traders.

Orange County, Calif., Mortgage Market Feels Interest Rate Squeeze.

Broker group warns of misleading mortgage ads.

The lowdown on tax liens.

Alliance Bankshares Corporation Announces Management Changes at the Mortgage Banking Unit.

Fitch Rates $1.67B AMSI Asset-Backed Pass-Through Certs, 2004-R10.

U.S. mortgage rates fall Friday.

Greenspan has kind words for a predecessor.

ECONOMICS REPORT - Fannie Mae, Under Investigation, Plays a Huge Part in Home Loan Market.

Credit Unions, Fannie Mae Test 40-Year Loan.

The Truth About Fannie - The real scandal at Fannie Mae.

Accountant claims retaliation over Fannie Mae.

Fannie Mae Redemption.

Fannie Mae Will Not Issue Callable Benchmark Notes(R) in October.

C-BASS Announces Purchase of Several Assets of PCFS Mortgage Resources.

B of A to cut an additional 4,500 jobs.

Baby has bad credit - He's years away from his first home or car loan, but 5-month-old Andrew is a victim of identity theft.

Consumer confidence dips on prices, jobs.

Mandatory Arbitration Targeted for home loans.

FBR Closes $783 Million Public Offering for New Century Financial Corporation.

Mortgage Rates Up This Week.

*AUDIO* Hear It Now * Fannie Mae Officials Answer Accounting Charges.

* Print Version * Fannie Mae chief defends accounting.

Former Fannie Mae accountant says he brought concerns to CEO, chief financial officer.

Lawyer sentenced in mortgage fraud.

HOME SQUEEZE TIGHTENS - Statewide mortgage rates, prices on the rise.

Mortgage rates rise for second consecutive week.

Future looks bright for mortgage business, Wells Fargo says.

New Century Announces Third Quarter Production of $10 Billion.

NFL Partners with Ameriquest Mortgage Company.

Freddie Mac Announces 2005 Funding Calendars.

US mortgage prepayments rise modestly in September.

Fannie Mae Execs Appear Before Congress.

U.S. mortgage rates unchanged on Tuesday.

* AUDIO *HEAR IT NOW* Fannie Mae Accounting Could Lead to More Rules.

Fannie Mae's Raines Disputes Report From Regulator.

Taking refi heart - Despite rising rates people continue to refinance and that's good news in less confident times.

Mortgage lender sells most of wholesale division.

UPDATE 1-U.S. mortgage applications flat last week-MBA.

Fitch Rates Banc of America Mortgage Securities $555.8MM Series 2004-I.

Temple-Inland cuts 1,500 jobs.

Two men plead guilty to fraud in home improvement scam.

UPDATE 3-Freddie Mac shuts mortgage bond broker dealer.

Housing boom is bust for many consumers - Soaring home prices often yield sky-high mortgage payments or struggles with debt.

Fitch Rates Banc of America Mtg Securities $520.77MM Series 2004-8.

Cline says gang laundered $70 mil. through mortgage fraud.

Inquiry into Fannie Mae may hike mortgage cost.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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