Mortgage News - Nancy Lohman

National Mortgage News Headlines

National Mortgage News Headlines
2nd-Lien Provision Added to Housing Bill		7/23/2008 7:14 AM
Second lien holders could benefit from permitting the refinancing of struggling homeowners under a special Federal Housing Administration foreclosure rescue program contained in a massive housing bill the House passed on Wednesday by a 272-152 vote.
Citing Reserves, WaMu Reports $3.3B Loss		7/23/2008 7:14 AM
Washington Mutual Inc., Seattle, has reported a net loss of $3.33 billion for the second quarter, citing a $5.91 billion provision for loan losses due largely to revised assumptions about continuing house price declines.
WaMu Shares Stable Despite Big Loss		7/23/2008 7:14 AM
Shares of Washington Mutual traded within a close range of Tuesday's closing price Wednesday morning, despite the company's substantial second-quarter loss reported after trading closed on Tuesday.
MBA Chief Departing at Year's End		7/23/2008 7:14 AM
Mortgage Bankers Association president Jonathan L. Kempner is resigning from the trade group effective at the end of the year and will be replaced by industry veteran John Courson.
Report: Most B&C Loans Went to Nonminorities		7/23/2008 7:14 AM
The majority of subprime loans originated in 2006 were made to non-Hispanic whites and upper-income borrowers, according to ComplianceTech, an Arlington, Va.-based provider of technology and business intelligence.
Int'l Poll: Home Prices to Rise Within 5 Years		7/23/2008 7:14 AM
An online poll of homeowners in the United States and five European countries found that most believe the value of their home, while not rising this year, will increase within five years.
Applications Fall		7/23/2008 7:14 AM
The Market Composite Index, an overall measure of mortgage applications, fell from 522.2 to 489.6 on a seasonally adjusted basis during the week ended July 18, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey.
ResCap Names Chairman/CEO		7/23/2008 7:14 AM
Thomas Marano, who was appointed non-executive chairman of Residential Capital LLC in April, has been named chairman and chief executive officer of the company, effective immediately.
SigniaDocs Unveils Lender Protection Service		7/23/2008 7:14 AM
SigniaDocs, a Houston-based provider of electronic mortgage services, has announced a new service aimed at protecting lenders against claims of improper disclosure processes.
Moody's Eyes FSA, Assured Guaranty		7/23/2008 7:14 AM
Moody's Investors Service has put on review for possible downgrade some triple-A ratings of Financial Security Assurance, New York, and Assured Guaranty Ltd., Bermuda, citing risks that include residential mortgage exposure.

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