Mortgage Line articles

Recent articles from Mortgage Line

Mixed Reactions to the Downturn.
January 5, 2009... Questions about the current recession and the best ways to manage money in tough times are proliferating as fast as recommendations given by professionals. Some are fast to applaud even sporadic better news. Others refuse to acknowledge the good news given the overall nightmare of bad...

Fed: CRA Didn't Cause B&C Mess.
January 5, 2009... Washington -- A Federal Reserve Board study discovered that banks and thrifts made only a small percentage of subprime loans in their Community Reinvestment Act assessment areas, refuting critics who claim CRA contributed to the crisis. "Only 6% of all the higher-priced (subprime) loans...

Fitch Revises U.S. Subprime RMBS Surveillance.
January 5, 2009... New York -- Fitch Ratings has updated at least two of its market watch tools aiming to further improve subprime loan data analytics accuracy. The ratings agency said its surveillance methodology for U.S. subprime residential mortgage-backed securities has been revised "to reflect an...

Fitch: MI Firms Won't See Recovery before 2010.
January 5, 2009... New York -- Fitch Ratings has downgraded PMI Mortgage Insurance Co., Genworth Mortgage Insurance Corp. and Mortgage Guaranty Insurance Corp. to outlook negative and is reviewing the ratings of several other insurers. As to the overall mortgage insurance industry outlook, Fitch said it...

Obama's Default Plan.
January 5, 2009... Washington -- President-elect Barack Obama is determined to find a way to address the foreclosure crisis as part of an economic recovery and stimulus plan that he wants Congress to pass shortly after he takes office on Jan. 20. Last week, Mr. Obama selected key members of his economic...