Archive for February, 2009

Washington Mutual kept mortgage payments so low, loan balances … - Dallas Morning News

Saturday, February 28th, 2009

Washington Mutual kept mortgage payments so low, loan balances …Dallas Morning News, TXDuring the great American housing bubble, many mortgage loans were made with little attention to borrowers' ability to repay over the long term. One big example, critics say, was Washington Mutual's Option ARM, an adjustable rate mortgage that had …

Original post by mortgage - Google News

'Seriously delinquent' mortgages soar in W.Va. - Charleston Gazette

Saturday, February 28th, 2009

RisMedia.com (press release)

'Seriously delinquent' mortgages soar in W.Va.Charleston Gazette, WVBy Kate Long Between 1991 and 2002, West Virginians were less likely than the average American to be more than one month late on their mortgage payments. "People would fall behind a month for one reason or another, then catch up," said Doug Duncan, …MBA Raises Concern Over Limit on Mortgage Interest Deduction in … RisMedia.com (press release)all 3 news articles

Original post by mortgage - Google News

Washington Mutual kept mortgage payments kept so low, loan … - Dallas Morning News

Saturday, February 28th, 2009

Washington Mutual kept mortgage payments kept so low, loan …Dallas Morning News, TXDuring the great American housing bubble, many mortgage loans were made with little attention to borrowers' ability to repay over the long term. One big example, critics say, was Washington Mutual's Option ARM, an adjustable rate mortgage that had …

Original post by mortgage - Google News

Make the most of rare refi opportunity - Seattle Times

Saturday, February 28th, 2009

Make the most of rare refi opportunitySeattle Times, United StatesDetails of the Obama administration's foreclosure-avoidance programs are surfacing, and syndicated columnist Kenneth R. Harney advises that if Fannie Mae or Freddie Mac owns or guarantees your mortgage — and you've got an on-time payment record and an …Fannie Mae Jan portfolio down; delinquencies jump ReutersObama May Put Fannie, Freddie on Federal Budget, Orszag Says BloombergFreddie Mac Still Evicting Paying Tenants, Lawyers Say Hartford CourantTheStreet.com - National Review Onlineall 158 news articles

Original post by mortgage - Google News

Bellevue loan officer sentenced to 7 years for mortgage fraud - Seattle Times

Saturday, February 28th, 2009

Seattle Times

Bellevue loan officer sentenced to 7 years for mortgage fraudSeattle Times, United StatesBellevue loan officer Christopher Brooks, whose own attorney said he could be a "poster child" for the nation's mortgage mess, was sentenced Friday to seven years in federal prison and ordered to pay nearly $2.5 million in restitution for running what …Mortgage fraud nets Bellevue man 7-year sentence Bizjournals.comEx-loan officer sentenced to seven years for fraud Seattle Post IntelligencerMortgage-fraud defendant sentenced to seven years in prison Seattle Timesall 13 news articles

Original post by mortgage - Google News