Mortgage and Financial News From 2007-10-2 Page 16

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• Pending Home Sales Index Hits Record Low

  CBS News - The problems, experts say, were seen especially in expensive areas where borrowers need to take out "jumbo" home loans above $417,000 that can't be sold to government-sponsored mortgage companies Fannie Mae and Freddie Mac In late August, the gap in ...
  2007-10-02 08:15:00

• Index that forecasts near-term home sales fell in August to a low amid ...

  International Herald Tribune - Index that forecasts near-term home sales fell in August to a low amid mortgage market woes ... WASHINGTON : An index that forecasts near-term home sales fell in August to a record low as would-be U ...
  2007-10-02 07:03:00

• Washington Mutual Cleaning Up Mortgage Originations

  HULIQ.com - What steps is the 6th largest mortgage lender in America taking to clean up the beaten and battered mortgage industry? 10-02-07 - Washington Mutual Inc., the sixth largest home mortgage lender in terms of volume in the U.S., is requiring mortgage ...
  2007-10-02 10:09:00

• US August pending home sales index falls 6.5 pct, hits record low ...

  Forbes - WASHINGTON (Thomson Financial) - Continued disruption in the mortgage market pushed a key pending home sales index down in August to its lowest level since it was established in 2001, the National Association of Realtors (NAR) said today. The NAR's ...
  2007-10-02 08:15:00

• Morgan Stanley shuffles mortgage unit

  Miami Herald - Morgan Stanley said Tuesday it is cutting about 600 jobs and consolidating its mortgage businesses, after a credit crisis upended the home loan industry this summer and forced other investment banks into similar moves. It comes two weeks after the ...
  2007-10-02 10:52:00

• CORRECTED - Home loan bank lending surge continues in September

  Reuters - WASHINGTON, Oct 2 (Reuters) - Mortgage-related loans by the Federal Home Loan Bank system to members surged again in September as an upheaval in credit markets closed other funding sources, the FHLB's office of finance said Tuesday. Outstanding ...
  2007-10-02 10:52:00

• Shares of mortgage lenders mostly rise despite weak pending home sales ...

  CNBC - NEW YORK - Shares of mortgage lenders mostly rose Tuesday as investors shrugged off more evidence of a decaying housing market. The National Association of Realtors reported Wednesday contracts to buy homes fell 6.5 percent in August. The NAR blamed ...
  2007-10-02 09:55:00

• LendingPatterns(TM) Now Features New 2006 HMDA Data

  Forbes - Data derived from the national Home Mortgage Disclosure Act (HMDA), Loan Application Register (LAR) for 2004, 2005 and now 2006, is comprised of almost 37,000,000 records filed by more than 8,800 lenders in the United States. This raw data by itself ...
  2007-10-02 08:22:00

• U.S. Economy: Pending Home Sales Slide to Record (Update2)

  Bloomberg - Buyers have been further constrained by the tighter lending standards and the shutdown of mortgage lenders such as American Home Mortgage Investment Corp. in early August that closed off access to credit. ``Fewer contracts were being ...
  2007-10-02 10:09:00

• AP Centerpiece: Errors and slowdowns at mortgage servicers can leave ...

  CNBC - NEW YORK - A cancer diagnosis forced Lindsey Jennings to give up his government job. With less income, Jennings feared he might lose the home he and his wife Pearl built near Atlanta almost 20 years ago. So he asked for help. But Jennings, who needed ...
  2007-10-02 08:29:00

• Mortgage Problems Continue to Hamper Pending Home Sales (PR Newswire via Yahoo! News)

  Pending sales of existing- homes activity will be dampened near-term as mortgage disruptions continue to impact the housing market, according to the National Association of Realtors(R).
  2007-10-02 07:07:00

• Pending U.S. home sales at 6 1/2-year low (UPI)

  Pending U.S. home sales fell 6.5 percent to a 6 1/2-year low as mortgage problems racked the national housing market, a realty industry group said Tuesday.
  2007-10-02 09:57:24

• Pending home sales fall 6.5% in August, Realtors report (Market Watch)

  WASHINGTON (MarketWatch) -- Flattened by the mortgage crunch, a forward-looking gauge of home sales fell further in August to its lowest level in more than six years, a real estate trade group said Tuesday.
  2007-10-02 07:11:37

• Index that forecasts near-term home sales fell in August to a low amid mortgage market woes (Deseret Morning News)

  An index that forecasts near-term home sales fell in August to a record low as would-be homebuyers had difficulty getting mortgages.
  2007-10-02 07:28:19

• Morgan Stanley scales back mortgage business, to cut 600 jobs (Market Watch)

  SAN FRANCISCO (MarketWatch) -- Morgan Stanley unveiled plans Tuesday to scale back its residential mortgage business, including cutting 600 jobs, as the investment bank responds to recent turmoil in the real-estate and home-loan markets.
  2007-10-02 10:55:04

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