Mortgage applications in the U.S. rose by the most in seven weeks as the looming end of the homebuyer tax credit helped spark the biggest rise in purchases since January. » Read more…
Tag Archives: Mortgage Market
U.S. MBA Mortgage Applications Index Rose 13.6% Last Week
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Market share drove credit ratings, fmr execs say
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Former credit rater officials admit industry mistakes
WASHINGTON, April 23 – Former credit rating agency officials said on Friday that the quest for market share fueled a drive for short-term profits, sacrificing credit quality in the process. » Read more…
Goldman Sachs e-mails show bank sought to profit from housing downturn
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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A Senate investigation into the financial crisis has found that Goldman Sachs, the storied Wall Street investment bank, sought to profit from the historic decline in housing prices by betting against the U.S. mortgage market. » Read more…
The Question Goldman Won’t Answer
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Goldman Sachs, the besieged Wall Street baron, fired back at a Senate subcommittee this weekend by releasing a report of its own on the bank’s role in the subprime mortgage markets leading up to the crash of 2008. » Read more…
MBA: Overall Mortgage Demand Falls Despite Rising Purchase Apps
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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A significant drop in refinancing applications offset rising purchase applications last week, leading to a decrease in overall demand for U.S. mortgages. » Read more…