The WSJ’s Real-Time Economics blog posted copies of internal emails distributed to Freddie Mac employees by former CEO Richard Syron and new CEO David Moffett.
Moffett’s best points:
I ...
September 7 will now be remembered as the day the U.S. government took over the mortgage market. What that means for financial markets going forward has never been less certain.
This is no longer t...
More than nine percent of U.S. mortgages were delinquent or in foreclosure at the end of the second quarter, as both major categories of borrower default activity hit new records, the Mortgage Bank...
Subprime mortgage bond losses may be nearing the end, according to a published report Friday citing Standard & Poor’s chief credit officer Mark Adelson. The S&P exec said losses are...
DebtX, a large online marketplace for commercial debt, said Thursday that its commercial loan pricing data is now available to Bloomberg subscribers via the Bloomberg Professional service, marking ...
New Jersey-based Popular Mortgage Servicing Inc., a large subprime servicer, saw its U.S. primary residential servicer rating for subprime product affirmed by Fitch Ratings Friday at ‘RPS2-.&...
Asking home prices resumed their downward trending in August, portending the end of a likely small seasonal bump in prices, according to a report released Thursday by research firm Altos Research a...
Saying that the current credit crunch is nowhere near done, Federal Deposit Insurance Corp. chairman Sheila Bair urged banks to raise loss reserves and raise capital. In remarks delivered Friday at...
While the news in the mortgage REIT sector has slowed to a trickle after the frenzy of second quarter earnings, there have been a few interesting developments of late.
Subprime mREIT ECC Capital, w...
Columbia Bancorp (CBBO: 4.09 -0.97%), the holding company of Columbia River Bank, said Friday it will exit the mortgage business and eliminate nearly 75 jobs. The Oregon-based company said in a pre...
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