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MortgageDaily.com - Mortgage News Headlines

MortgageDaily.com - Mortgage News Headlines


Mortgage Industry News for the Mortgage Industry



Fri, Sep 03, 10


The Federal Deposit Insurance Corp.'s chairman said the FDIC had known for months that WaMu was in trouble.

But with Wachovia it didn't know until very late in the game how dire the situation was.

In addition, Wachovia was deemed systemically important.]]>

Fri, Sep 03, 10


Headcount in real estate credit was up by nearly 3,000 jobs.

But mortgage and nonmortgage loan brokers saw their numbers decline by around 500 positions, the government data indicated.]]>

Fri, Sep 03, 10


The National Credit Union Association said in a federal lawsuit that former executives of the company committed fraud in the years that led up to its failure.

The complaint names 16 former WesCorp executives and directors.]]>

Thu, Sep 02, 10


Among all investor types, performance on CMBS loans was worst.

Compared to a year earlier, CMBS delinquency was up more than 400 BPS.]]>

Thu, Sep 02, 10


Excluding foreclosures in process, the delinquency rate was 22 BPS better.

But the foreclosure inventory rose 0.12 percent.]]>

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