Great Mortgage Review

Fed Ends Bank Exemption Aimed at Boosting Mortgage Liquidity (Bloomberg)

Sat, 20 Mar 2010 04:37:33 +0000

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March 20 (Bloomberg) — The Federal Reserve Board removed an exemption it had given to six banks at the start of the crisis in 2007 aimed at boosting liquidity in financing markets for securities backed by mortgage- and asset-backed securities.

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Citigroup Seeks Growth in Mortgage Business – TheStreet.com

Sat, 20 Mar 2010 00:33:43 +0000

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Citigroup Seeks Growth in Mortgage BusinessTheStreet.comCitigroup’s mortgage business, along with credit cards and devalued securities, are what fueled the institution’s troubles, leading it ultimately accepting …Citigroup Reverses Plan to Shrink Mortgage Business BusinessWeekCitigroup (NYSE:C) Changes Mind on Scaling Down Mortgage Business Financial Advisoryall 11 news articles »

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Man gets single day in prison for mortgage scam (The Columbus Dispatch)

Sat, 20 Mar 2010 00:30:12 +0000

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A Columbus man charged with money laundering in connection with a huge local mortgage scam was sentenced today to one day in prison. Charles E. Townsend, 40, also will spend six months in a halfway house and six months on house arrest, U.S. District Court Judge Algenon L. Marbley announced. Marbley also ordered him to pay $333,206 in restitution to financial institutions he scammed

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Real Estate Weekly: Mortgage modifications spread beyond feds (Market Watch)

Fri, 19 Mar 2010 22:15:40 +0000

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More mortgage lenders are offering modifications to troubled homeowners on their own without going through the government’s HAMP process.

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Fed Ends Exemption Aimed at Adding Mortgage Liquidity (Update2) (Bloomberg)

Fri, 19 Mar 2010 22:08:28 +0000

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March 19 (Bloomberg) — The Federal Reserve Board today removed an exemption it had given to six banks at the start of the financial crisis in 2007 aimed at boosting liquidity in financing markets for mortgage- and asset-backed securities.

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Mortgage modifications spread beyond feds – MarketWatch

Fri, 19 Mar 2010 22:06:24 +0000

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ABC News

Mortgage modifications spread beyond fedsMarketWatchNearly 150000 homeowners received mortgage modifications in January, according to Hope Now, an alliance of mortgage servicers, investors, mortgage insurers …Five More Ways Obama’s Mortgage Modification Program Fails Americans The Washington IndependentTARP watchdog to report on mortgage modification program BailoutSleuth.com (blog)The HAMP Hoax: How the Obama Administration is Hiding the Failures of a … Huffington Post (blog) ABC News - Red, White, and Blue Press (blog) - UPI.comall 223 news articles »

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Great Wolf to offer $225M of mortgage notes (San Francisco Chronicle)

Fri, 19 Mar 2010 21:55:48 +0000

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Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017. The company plans to use the proceeds to repay mortgage debt totaling $212 million. It will use the rest, if any, for general… Mortgage – Great Wolf Resorts – United States – Business – Financial Services

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Great Wolf to Offer $225M of Mortgage Notes (ABC News)

Fri, 19 Mar 2010 21:39:15 +0000

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Great Wolf to offer $225 million of mortgage notes Mortgage – Business – Financial Services – United States – Arizona

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When Not To Pay Down A Mortgage – New York Times

Fri, 19 Mar 2010 21:35:43 +0000

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Mortgage Rates & Trends (blog)

When Not To Pay Down A MortgageNew York TimesThis week, the Federal Reserve reaffirmed its intention to stop buying mortgage-backed securities, signaling the likelihood that the mortgage …Mortgage Q&A: Inflation fear behind Fed change Washington TimesMortgage Rates Remain Steady Below 5% Mortgage Rates & Trends (blog)Mortgage rates likely to rise Credit Loan (blog) MarketWatch - HULIQ - BestCashCow.com (blog)all 34 news articles »

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Great Wolf to offer $225 million of mortgage notes (Minneapolis-St. Paul Star Tribune)

Fri, 19 Mar 2010 21:27:14 +0000

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MADISON, Wis. – Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017. The company plans to use the proceeds to repay mortgage debt totaling $212 million. It will use the rest, if any, for general corporate purposes.

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