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| Latest Mortgage News |
MetLife says commercial mortgage portfolio safe
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.
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Mortgage rescue or rip off?
If mortgage lending was the Wild West during the boom years, foreclosure-prevention counseling is the lucrative new frontier of the bust.
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IndyMac borrowers can get mortgage counseling
The FDIC-operated lender will offer walk-in sessions on mortgage workouts the next two Saturdays. IndyMac Federal Bank, which has had trouble getting distressed borrowers to contact it about reworking the terms of their mortgages, is hoping they'll be more willing to talk over their options in person with loan counselors from nonprofit agencies.
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Mortgage application volume falls 6.2 pct
Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey.
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Subprime mortgage 'rip-off' has legitimate roots
While mortgage brokers defend yield-spread premiums as a way to allow more people to buy homes, critics say they've gone way beyond that role. "It's a classic example of how they use a legitimate thing to rip people off," Seattle bankruptcy lawyer Melissa Huelsman said.
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Commercial-Mortgage Bond Risk Rises After Loan Delinquencies
Nov. 19 (Bloomberg) -- The cost to protect top-rated commercial-mortgage bonds against default rose to a record, a day after two bad loans boosted concern the debt will cause losses.
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U.S. tries new tack on mortgage program
The Bush administration said Wednesday that it was changing its nearly-moribund mortgage rescue plan in an effort to spark more lenders and homeowners to participate.
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NYC authorities charge 16 in mortgage fraud scheme
Sixteen people -- including drug smugglers, real estate appraisers and a bank employee -- hatched two multimillion-dollar mortgage fraud schemes involving overvalued suburban homes that were sometimes used as stash houses, authorities said.
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