Texas Home Mortgage News

The Latest News and Developments For
Home Mortgages in Texas

Home Mortgages Latest Breaking News

• Countrywide, GMAC post big losses on mortgages  Reuters via Yahoo! News - Apr 29 12:11 PM  Countrywide Financial Corp and GMAC LLC, which run the largest independent U.S. mortgage lenders, posted big first-quarter losses on Tuesday, hurt by credit problems as the nation's housing slump deepens.



• Junk Bonds, Mortgages and Milken  NYTimes.com via Yahoo! Finance - 1 hour, 0 minute ago  Michael R. Milken invented the junk bond and popularized securitization, but dont blame him for the current mess.



• Sector Glance: Mortgages lenders lower on Countrywide loss  AP via Yahoo! Finance - 2 hours, 8 minutes ago  Shares of mortgage lenders closed mostly lower Tuesday after Countrywide Financial Corp. reported an $893 million loss for the first quarter.



• Abbey ups mortgages share  BBC News - Apr 29 2:33 AM Abbey trebles its share of the new mortgage market in the UK, thanks to the position of its Spanish parent firm.



• Loan Industry Fighting Rules on Mortgages  NYTimes.com via Yahoo! Finance - Apr 28 7:36 PM  One common industry criticism of the plan to put in place tougher regulations is that tighter rules could make many mortgages more expensive.

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