Homeowners may be the ones who are the main victims of the foreclosure process but renters are not immune from the housing problem. An article in USA today stated that renters are suffering a tough rental market because the number of vacancies is going down, there is not a huge inventory of rentals, monthly rent [...] read more »
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Deciding which of two loans to pay down first is tricky business, says Dr. Don Taylor. read more »
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Sanjiv Das has been named chief executive office of CitiMortgage, according to a company memorandum. Das begins his new role on July 16, the statement said. He previously worked at Citigroup from 1991 to 1999. read more »
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Thinking of renovating? Here are four things to avoid if you may want to sell down the road. read more »
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Fortes Residential Mortgage Co. has been launched as a national mortgage banker, the company's parent announced. The unit was created when Fortes acquired a significant portion of National City Bank's wholesale mortgage unit and a retail mortgage banking platform earlier this year, the statement said. The integrated operation includes five regional wholesale operations centers, three retail banking offices and eight reverse mortgage branches. read more »
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From January through June, the volume of U.S. MBS issued was $117 billion, according the Thomson Reuters Debt Capital Markets Review for the second quarter of 2008. MBS issuance fell from $622 billion during the same period last year. "US securitizations continued to spiral downward as the effects of the subprime mortgage crisis continued to linger," the authors wrote. read more »
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Delinquency of at least 30 days on home-equity lines-of-credit was 1.10 percent during the first quarter, the American Bankers Association reported. HELOC late payments were up from the fourth quarter and higher than the first quarter 2007. Delinquency on home-equity loans, however, declined from the previous quarter to 2.34 percent. read more »
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Ex-Broker Faces Sentencing in Mortgage Scam



Father hanged himself as family faced eviction over 1,500 mortgage arrears



McCollum discusses Fla. suit against Countrywide



UPDATED: In North Little Rock, Bush Says Housing Deal Possible



Oil Speculators Not To Blame For Prices



U.S. construction spending dropped in May read more »
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MBA Says Home Construction Loan Delinquency Rate Misleading



MICA Reports Continued Problems for U.S. Homeowners



U. S. Construction Spending Drops Further in May



Will Lehman Brothers Survive Another Round of Rumors?



ISM Manufacturing Halts Four Months of Declines, Rebounds to 50.2



CIT Group Sells Off its Last Home Related Business Interests read more »
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