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Record number of California homeowners default on mortgages in 2nd ... - Los Angeles Times
A record number of California homeowners defaulted on mortgages last quarter, a real estate information service reported today. Mortgage servicers recorded "notices of default" on 118,020 homes from April to June, up 125% from the same period in 2007 ...

WA state to revoke license of CA mortgage company - Seattle Times
Washington state plans to revoke the license of a California mortgage broker. OLYMPIA, Wash. — Washington state plans to revoke the license of a California mortgage broker. The state Department of Financial Institutions says an investigation has ...

Wash. state to revoke license of mortgage company - Forbes
Washington state plans to revoke the license of a California mortgage broker. The state Department of Financial Institutions said an investigation has found Sacramento-based Paramount Equity Mortgage Inc. engaged in deceptive lending practices. In a ...

Buy Fannie Mae, Freddie Mac Mortgage Bonds, UBS Says (Update1) - Bloomberg
July 23 (Bloomberg) -- Investors should add Fannie Mae and Freddie Mac mortgage bonds as increased purchases from mutual funds and foreign central banks make up for a drop in buying at the U.S. government-chartered companies, UBS AG said. The option ...

Record home losses in California - Los Angeles Times
The price tag for the nation's housing crisis escalated again with reports Tuesday that a record number of Californians lost their homes to foreclosure in the last three months and that a potential bailout of mortgage giants Fannie Mae and Freddie ...

Wachovia and Washington Mutual post billions in mortgage losses - Newsday
Wachovia Corp. and Washington Mutual Inc. posted billions of dollars in mortgage losses Tuesday, far more than analysts had forecast, but their stocks rose as investors apparently concluded that the home-lending sector could work through its deep ...

Wachovia's Steel Faces Mortgage Challenge After Boosting Stock - Bloomberg
July 23 (Bloomberg) -- Wachovia Corp. Chief Executive Officer Robert Steel , on the job only two weeks, drove up the bank's market value $7.7 billion in a single day after reporting the biggest quarterly loss in its history. Wachovia rallied 27 ...

Fitch Rates Sacramento Municipal Utility District's $200MM 2008J & K ... - PR Inside
- Fitch Ratings has assigned an underlying 'A' rating to Sacramento Municipal Utility District's (SMUD) approximately $120 million, 2008 series J and $80 million, series K variable-rate subordinate electric revenue refunding bonds. The 2008 J and K ...

Founders of News Site Involved In Mortgages, Wachovia's Ills - New York Sun
Here's a story you won't find on the Web site of ProPublica, the crusading new online news organization. Just before house prices began a nationwide decline in 2006, Herbert and Marion Sandler sold a mortgage lender, Golden West, to Wachovia for $25 ...

Aguirre targets Countrywide in suit - San Diego Union-Tribune
Hoping to stem the tide of home foreclosures, San Diego City Attorney Mike Aguirre yesterday sued the nation's largest lender, accusing it of fraudulent subprime lending and demanding that it stop taking back homes from delinquent borrowers. The suit ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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