Archive for April, 2010

Reverse Mortgages

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Options for couple with two mortgages

Options exist for couple with two hefty mortgages Q:My son and his wife built a house several years ago at the top of the market. Last year, they decided to take advantage of slightly depressed real estate values in another state, and contracted to build a house there.


Wells Fargo Builds Team to Bundle, Trade Mortgages

Wells Fargo & Co., aiming to translate home-lending clout into bigger profits, is building a team to package and trade mortgage-backed securities and curb reliance on Wall Street competitors.


State-owned banks ‘failing on mortgages’

GOVERNMENT-owned banks are trailing smaller lenders and building societies when it comes to keeping mortgage customers happy, a survey showed today.


Brokers report disturbing trend in home mortgages

Local real estate brokers are reporting a disturbing trend in home mortgages.  Families who think they’re qualified for a loan are losing a lot of money before finally learning that’s not the case. Everything was looking good for the Rumph family


Levin accuses Goldman Sachs of running ‘conveyor belt’ of toxic mortgages

U.S. Sen. Carl Levin accused the investment firm of misleading clients and the public about its profits from the collapse of credit markets.


Levin accuses Goldman Sachs of running ‘conveyor belt’ of toxic mortgages

U.S. Sen


Personal Finance Daily: Jumbo mortgages making a comeback

Rates for the home loans that exceed the Fannie and Freddie limits at one pointed jumped well above rates on conforming loans, assuming you could get them at all.


Personal Finance Daily: Jumbo mortgages making a comeback

Rates for the home loans that exceed the Fannie and Freddie limits at one pointed jumped well above rates on conforming loans, assuming you could get them at all.


Goldman e-mails cited ’serious’ profit on mortgages

Goldman e-mails cited ’serious’ profit on mortgagesGoldman e-mails cited ’serious’ profit on mortgages