Yahoo! Mortgage News

Mortgage industry reloads as subprime misery lingers (Reuters)
Angelo Mozilo, the butcher's son who built Countrywide Financial Corp. into the largest mortgage lender in the United States, was in no mood for soul-searching over the subprime home crisis.
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Toll Brothers profit falls on housing slump (Reuters)
Luxury home builder Toll Brothers said quarterly profit fell 79 percent, hurt by the U.S. housing slump, but its shares rose along with those of other builders on Thursday after government data showed...
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Realty Q&A: Appraisers bristle on ideas on battling low valuation (MarketWatch)
WASHINGTON -- My recent response to a reader on how to attack a low appraisal registered a 7.7 on the appraisal Richter scale. Mostly, the large number of appraisers who wrote back said I missed the m...
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Mortgage rates jump to 16 week high (Bankrate.com)
The benchmark 30-year fixed mortgage rate shot up to 6.42 percent in Bankrate's weekly survey.
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American Express to let cardholders charge mortgage payments (CNNMoney.com)
You pay hundreds, sometimes thousands, of dollars on your mortgage every month. Just imagine how many rewards points that could earn on your plastic. Now, American Express is aiming to make that a rea...
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Mortgage apps keep climbing (CNNMoney.com)
Mortgage applications resumed their recent runup last week, despite an increase in interest rates, according to the latest report by the Mortgage Bankers Association.
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Fed proposes changes to consumer credit-card disclosures (at MarketWatch)
SAN FRANCISCO -- The Federal Reserve Board proposed new credit-card disclosure rules Wednesday, noting that consumers often ignore their credit-card statements' fine print and throw out important...
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Homeowners facing foreclosure (at MarketWatch)
A story published on May 22 incorrectly cited a statistic from the Mortgage Bankers Association. According to the trade group, one quarter of one percent of all homeowners will ultimately face foreclo...
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CORRECT: Mortgage banker defends subprime loans (at MarketWatch)
WASHINGTON -- The chief of the Mortgage Bankers Association defended the use of subprime loans Tuesday, saying they've enabled millions of Americans to buy homes and urging that a fix for that se...
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Speed of subprime bust surprised lenders (CNNMoney.com)
The subprime mortgage meltdown has been a shock to industry insiders, but now they say it's hitting harder and faster than expected - even to those who predicted the crisis in the first place.
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