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UK mortgages chief sees 2009 lending down 2007
LONDON -- UK mortgage lending in 2009 will remain below 2007 levels, despite government pressure on banks to match last year’s lending volumes, the head of Britain’s mortgage industry association ...
Big News Network

SEC adopts new rules for credit-rating agencies (AP)
Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
yahoo.com

Mortgage plan may be smarter than it looks
Outlook: Brown’s mortgage relief plan is smarter than it looks. On the face of it, underwriting lenders who allow those who lose their jobs to defer their mortgage payments for up to two years...
Big News Network

Online sales spike, mortgage action push stocks up - St. Louis Post-Dispatch
NEW YORK - Stocks rose for a second day Wednesday as a jump in online spending and a record increase in mortgage applications lifted retailers and banks, overshadowing concern the worsening recession will reduce demand for commodities. Amazon.com ...
Feed Digest

Brown unveils mortgage help plan
Many people made redundant will be able to defer part of their mortgage payments for up to two years, Gordon Brown says.
BBC

U.S. Makes a House Call
Housing led markets into this mess. So even though the crisis has now broadened, housing is still likely to lead them out. One way forward is a plan being considered by the Treasury Department to force down mortgage rates to about 4.5%.
Wall Street Journal

Wall Street stocks rally
US STOCKS rallied for a second straight session overnight, after a robust report on online holiday spending and a jump in mortgage applications.
The Courier Mail

Mortgage application, refinance volume surge
WASHINGTON » Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey.
The Salt Lake Tribune

U.S. working on affordable mortgage plan: sources
WASHINGTON (Reuters) - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.
Telegraph

Financial industry lobbyists urging Treasury to take steps to lower mortgage rates
WASHINGTON - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury w...
Big News Network

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Archived "business - countrywide mortgage" news stories.

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November 2009
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September 2009
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