From the monthly archives:

October 2007

MortgageBlog.com – What's in a Name?

October 29, 2007

Do you have a good domain name?
By having a domain that matches what you do, you are able to focus the attention of the surfer. They know what to expect before they get there, and you can spend less time explaining yourself. The web already offers too many choices–this way, your site doesn’t have to. [...]

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Mortgage Blog Headlines

October 29, 2007

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Countrywide Financial Corp. lost $1.2 billion in the third quarter

October 26, 2007

clipped from www.11alive.com

LOS ANGELES (AP) — Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation’s largest mortgage lender said it expects to be profitable this quarter and next year.

It was Countrywide’s first quarterly loss in 25 years.

But the Calabasas, Calif.-based company said it will [...]

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Michael Vick’s Atlanta Mansion Up For Sale

October 23, 2007

clipped from www.therealestatebloggers.com

The Atlanta Journal Constitution is reporting that Michael Vick, the former Atlanta Quarterback and nortorious dog fighter, is selling his Duluth, Georgia home for 4.5 million dollars.

The home located at 2927 Darlington Run Duluth, GA has 7 bedrooms and 8.5 baths. The home is located in the Sugerloaf Country Club, an [...]

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Sub-prime mortgages not protected by bankruptcy laws

October 23, 2007

clipped from www.responsiblelending.org

Under current law, subprime homeowners have two choices: they can get a loan modification, or they can lose their home through foreclosure.? Bankruptcy – the traditional option of last resort– is virtually useless, because current law prevents bankruptcy courts from assisting with the very debt that is causing the problem today [...]

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Countrywide Refinance Program for Adjustable Rate Mortgages

October 23, 2007

clipped from www.wlox.com

CALABASAS, Calif. (AP) – The nation’s largest mortgage lender will begin offering refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008.

Countrywide’s president and CEO David Sambol says “unprecedented times call for unprecedented remedies.” He says Countrywide is determined to help [...]

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Dallas Cowboys Punt Cowboys.com after Withdrawing Auction Bid

October 19, 2007

This is not headlines yet but quite an interesting story from the domain space is taking place.
Last Friday the domain name Cowboys.com was purchased for $275,000 by the Dallas Cowboys via phone during a live domain auction held by Moniker.com, a domain name registrar. Apparently in a case of big time buyer’s remorse the [...]

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Steve Forbes on Sub-prime mortgage mess and The Fed

October 18, 2007

Steve Forbes speaks at TRAFFIC in Miami, FL – shot from a phone so quality is not too great. Mr Forbes seems to think that the Fed waited a little too long to act but he sees the risk as being spread across many investors and portfolios therefore not a huge blow to any [...]

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Mortgage History

October 8, 2007

clipped from www.mcall.com

The evolution of the modern mortgage

Most people assume home mortgages have been around forever.

But it wasn’t until the 1930s — and then thanks to insurance companies and the Federal Housing Administration — that long-term mortgages for home purchases came to be.

Insurance companies, not banks, started mortgages. And it wasn’t because [...]

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