Fannie, Freddie woes raising mortgage rates (MSNBC)
Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify for a new loan.NH regulators, mortgage company reach settlement (AP via Yahoo! Finance)
A mortgage company that does business in New Hampshire, Maine and Massachusetts has agreed to pay $425,000 as part of a settlement with New Hampshire banking regulators.
Mortgage lender promotes sale to Santander (AP via Yahoo! Finance)
British mortgage lender Alliance & Leicester urged shareholders on Tuesday to accept a $2.4 billion takeover offer from Spain's Banco Santander as the best protection for their investment amid extreme financial market turbulence and the deteriorating outlook for the domestic economy.
Trouble with U.S. mortgage giants spreads (UPI)
WASHINGTON, Aug. 19 (UPI) -- Fears over two U.S. mortgage giants collapsing are rippling through financial systems and putting a strain on the system, analysts said.
Market down on US mortgage fears (Irish Examiner)
NEW concerns about US mortgage market heavyweights Fannie Mae and Freddie Mac caused a drop in financial shares worldwide yesterday.
Broker implicated in mortgage fraud scheme pleads guilty (Minneapolis-St. Paul Star Tribune)
A Twin Cities mortgage broker charged in connection with a $4.9 million mortgage fraud scheme involving dozens of homes in Minneapolis and one in Golden Valley pleaded guilty today to one count of racketeering just minutes before he was to go to trial, said Hennepin County Prosecutor Tom Fabel.
Mortgage Choice profit dips 1.2% (The West Australian)
Mortgage originator Mortgage Choice Ltd has reported a 1.2 per cent fall in annual profit but says it is well positioned for the new financial year. Net profit for the year ended June 30 was $19.33 million, down from $19.59 for the previous year.
'Mortgage market to shrink 20%' (Channel 4)
The UK mortgage market is expected to shrink by nearly 20% this year as the credit crunch continues to take its toll on lenders, according to a report.
NH banking dept., mortgage company reach agreement (Boston Globe)
A mortgage company that does business in New Hampshire, Maine and Massachusetts agreed to pay $425,000 as part of a settlement announced Monday by New Hampshire banking regulators.
Dubai introduces mortgage law to regulate sector (Arab News)
DUBAI: The ruler of Dubai has issued a new mortgage law as part of moves to regulate the Gulf business hub’s booming real estate sector, the chief executive of the Real Estate Regulatory Authority said.
