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  • Mortgage applications near 8-year low, although rates slip USA Today - Nov 19 4:26 PMApplications for home mortgages declined last week, with loans for purchases of single-family homes falling to their lowest level in nearly eight years, an industry group said Wednesday.


  • Housing official: Mortgage aid falls short, program changes coming USA Today - Nov 19 4:16 PMTwo government programs designed to help hundreds of thousands of delinquent borrowers avoid foreclosure are having negligible effects, a top Bush administration official acknowledged Wednesday. One program will be revamped immediately, and the other possibly in the near future.


  • MetLife says commercial mortgage portfolio safe Reuters via Yahoo! News - Nov 19 3:43 PM U.S. life insurer MetLife Inc disclosed information about its commercial mortgage portfolio on Wednesday in an effort to soothe investors that have become increasingly skittish about investments by insurers in commercial property debt.


  • Mortgage application volume falls 6.2 pct AP via Yahoo! News - Nov 19 6:59 AM Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey.


Mortgage lender world news and bad credit mortgage local events.
 

 

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Lawmakers set new mortgage bankruptcy bill  Open this result in new window
Washington Post - Jan 05 4:31 PMWASHINGTON (Reuters) - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, and hopes are high that it will pass after a similar plan failed last year.

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NY Fed begins purchasing mortgage securities  Open this result in new window
AP via Yahoo! News - Jan 05 11:58 AM The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.

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Fed to Begin Buying Mortgage-Backed Securities  Open this result in new window
New York Times - Jan 05 10:42 AMThe program is aimed at driving down the price of mortgages and making home loans more available.

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New York Fed starts buying mortgage-backed securities  Open this result in new window
International Herald Tribune - Jan 05 8:24 AMThe move forms part of a $500 billion program to support the U.S. housing market.

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