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High Dive Into the Toxic Pool
It is no longer just subprime mortgages and exotic credit-boom securities that are considered toxic.
Wall Street Journal

Pimco`s Gross says aid needed for municipal, real estate debt
The government needs to prop up other sectors of the credit markets such as commercial mortgage-backed securities and municipal debt, said Bill Gross, chief investment officer of bond giant Pacific Investment Management Co., on Thursday.
MarketWatch.com

Fidelity Southern adds Sunshine Mortgage staff
boost its mortgage services by hiring 62 mortgage lenders and support staff from the former Sunshine Mortgage offices in Alpharetta, Smyrna, and Buckhead. Mortgage offices will in Alpharetta, Buckhea...
Big News Network

FundWatch: Top bond-fund managers buying corporate debt, selling Treasurys
The handful of U.S. bond-fund managers who avoided last year's market bloodbath by hiding out in Treasurys now say they favor owning corporate and mortgage bonds and selling U.S. government debt.
Market Watch

Option ARMs See Rising Defaults
Defaults are rising for adjustable-rate mortgages, threatening to worsen problems for housing lenders.
Wall Street Journal

Mortgage Rates Largely Unchanged for Week
Mortgage rates this week were steady, moving only slightly up or down if at all. Results from the Primary Mortgage Market Survey released by Freddie Mac Thursday morning showed that the 30-year fixed-rate mortgage (FRM) averaged 5.10 percent with 0.7...(read more)
Mortgage News Daily

Mortgage rates slide in sour housing market
Mortgage rates fell over the past week, benefiting from the Federal Reserve's pledge to take all necessary action to stimulate the economy.
CNN Money

Countrywide Financial Co. settles Oregon mortgage fraud claims, will modify thousands of loans here
Countrywide Financial Corp. agreed to settle mortgage fraud claims in Oregon by paying $1 million to the state and modifying an estimated 4,600 Oregon mortgages. Attorney General John Kroger announce...
Big News Network

Mortgage rates slide in sour market
Mortgage rates fell over the past week, benefiting from the Federal Reserve's pledge to take all necessary action to stimulate the economy.
CNN Money

Banks under pressure to reduce break fees to mortgage holders
(4:06) Banks are coming under pressure to reduce their break fees so home mortgage holders can access lower interest rates more easily. On Thursday, the Reserve Bank slashed the Official Cash Rat...
Big News Network

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Archived "business - countrywide mortgage" news stories.

Available news archives.

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