MortgageBlog.com

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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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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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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Real Mortgage People at Open Houses

clipped from www.prweb.com

Countrywide Launches America’s Open House Campaign

[…]

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clipped from www.wisn.com

New Home Sales Hit 7-Year Low
Report Comes Week After Interest Rate CutPOSTED: 4:32 pm CDT September 27,
2007UPDATED: 4:37 pm CDT September 27,
2007WASHINGTON — The government reported Thursday that new home sales fell more steeply than expected last month. The decline of more than 8 percent took home sales down to the […]

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Sub-prime mortgage woes are blamed on conflict of interest by credit agencies says Washington Senators…

clipped from www.bradenton.com

Several members of the Senate Banking Committee questioned rating agency executives about whether they provided advice to investment banks that issue complex mortgage securities tied to subprime home loans.

“It seems to me that credit rating agencies are […]

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clipped from news.yahoo.com

A fascinating dispute on modern economics — and the dominant role it plays in our politics - is currently taking place in America’s bookstores.

On one side is […]

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This breakdown shows that the the cost per funded loan paid to lending tree is over $1900. That is nearly double the amount paid by most mortgage companies that buy leads.

clipped from leadcritic.com

LendingTree
cost per lead $65
success fee $850
conversion rate 6%
cost per […]

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clipped from www.kcra.com

(ARA) - Rates are up, rates are down. It’s a buyer’s market, it’s a seller’s market. If the housing market seems like a roller coaster for would-be buyers, that’s because it is. But understanding the most current trends can help buyers know when to get on — or off — the […]

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clipped from www.msnbc.msn.com

WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created “significant market stress” and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess.

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