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Mortgage News

AIG Taps Treasury for $4.2 Billion for ILFC, Mortgage Insurer (Bloomberg)
Nov. 6 (Bloomberg) -- American International Group Inc. , the insurer rescued by the U.S., tapped the Treasury Department for another $4.2 billion to help restructure its money-losing mortgage guarantor and the plane unit it’s trying to sell.(Fri, 06 Nov 2009 20:55:39 GMT)

Impac Mortgage Holdings, Inc. Announces Upcoming Release of Third Quarter 2009 Earnings and Conference Call (MalaysiaNews.net)
IRVINE, Calif., Nov. 6 /PRNewswire-FirstCall/ -- Impac Mortgage Holdings, Inc. (Pink Sheets: IMPM), a Maryland corporation, or the "Company," announces the scheduling of a conference call an...(Sat, 07 Nov 2009 02:51:01 GMT)

Mortgage finance giant loses $6.3B, won't seek new aid (Philippine Daily Inquirer)
WASHINGTON – US mortgage finance giant Freddie Mac said Friday it lost $6.3 billion for shareholders in the third quarter but would not seek any additional bailout funds from the government.(Sat, 07 Nov 2009 01:48:11 GMT)

More mortgage pain as WA giants raise rates (WA Today)
WA's two most prominent mortgage lenders have followed the lead of the big four banks and raised their loan interest rates.(Sat, 07 Nov 2009 01:55:10 GMT)

Defense argues there were no damages in mortgage fraud case (The Jackson Citizen Patriot)
Defense lawyers in a weeklong mortgage fraud case argued Friday no one suffered any damage as part of what prosecutors say was a plot to scam lenders."All the witnesses that had anything to say about loss said they didn't have...(Sat, 07 Nov 2009 04:56:21 GMT)

Mortgage President Admits to Fraud (KTAL Shreveport)
A mortgage-firm owner could face up to 30 years behind bars after pleading guilty to cheating a Sabine Parish bank out of $2.9 million.(Sat, 07 Nov 2009 03:25:56 GMT)

National City Mortgage to adopt PNC name (Dayton Daily News)
National City Mortgage to adopt PNC name(Fri, 06 Nov 2009 16:06:56 GMT)

Mortgage rates for 30-year loans drop to 4.98% (The Record and Herald News)
NEW YORK — Mortgage rates for 30-year fixed U.S. home loans fell for the first time in a month this week as the Federal Reserve pledged to keep its benchmark rate near zero.(Fri, 06 Nov 2009 13:10:07 GMT)


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